Common use of Maintenance of Business and Properties Clause in Contracts

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 11 contracts

Samples: Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.), Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.), Revolving Credit and Security Agreement (Corgenix Medical Corp/Co)

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Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 6 contracts

Samples: Loan and Security Agreement (Primo Water Corp), Loan and Security Agreement (Ic Isaacs & Co Inc), Second Lien Term Loan and Security Agreement (Innotrac Corp)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 4 contracts

Samples: Loan and Security Agreement (Video Display Corp), Loan and Security Agreement (Cpac Inc), Loan and Security Agreement (Mega Group Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and conditioncondition (ordinary wear and tear accepted), and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits reasonably necessary to the proper conduct of its business.

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (G8wave Holdings, Inc.), Revolving Credit, Equipment Loan and Security Agreement (Transact Technologies Inc), Credit and Security Agreement (Transact Technologies Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.. 43.3

Appears in 3 contracts

Samples: Share Purchase Agreement (Welty W R), Share Purchase Agreement (Vector Aeromotive Corp), Share Purchase Agreement (American Dream International LTD)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful necessary and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses licenses, permits and permits authorizations necessary to for the proper conduct of its business.

Appears in 2 contracts

Samples: Registration Rights Agreement (Interland Inc), Registration Rights Agreement (Micron Electronics Inc)

Maintenance of Business and Properties. Shall at all times (a) (i) maintain, preserve preserve, and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and (ii) keep the same in good repair, working order and conditionorder, and from time to time condition (reasonable wear and tear excepted) and (iii) make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments betterments, and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and (b) maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Dreams Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and conditioncondition (subject to ordinary wear and tear), and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 2 contracts

Samples: Credit and Security Agreement (SFBC International Inc), Credit and Security Agreement (SFBC International Inc)

Maintenance of Business and Properties. Shall at all times (a) (i) maintain, preserve preserve, and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and (ii) keep the same in good repair, working order order, and condition, and from time to time (iii) make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments betterments, and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and (b) maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 2 contracts

Samples: Loan and Security Agreement (Transcend Services Inc), Loan and Security Agreement (Autoinfo Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, including, without limitation, the Collateral, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material material, needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 2 contracts

Samples: Term Loan and Security Agreement (Able Telcom Holding Corp), Credit and Security Agreement (Able Telcom Holding Corp)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and conditioncondition (ordinary wear and tear excepted), and from time to time make, or cause to be made, all material needful and proper necessary repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may continue to be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 2 contracts

Samples: Credit Agreement (Barnett Inc), Credit Agreement (Mackenzie Investment Management Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and conditioncondition (ordinary wear and tear excepted), and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (JPS Industries Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Credit Agreement (Boca Research Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (Impax Laboratories Inc)

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Maintenance of Business and Properties. Shall at all times -------------------------------------- maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all material licenses and permits reasonably necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Credit and Security Agreement (Pra International Inc)

Maintenance of Business and Properties. Shall at all times (a) (i) maintain, preserve preserve, and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and (ii) keep the same in good repair, working order order, and condition, and from time to time (iii) make, or cause to be made, all material material, needful and proper repairs, renewals, replacements, betterments betterments, and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and (b) maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Cryolife Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Credit and Security Agreement (JPS Industries Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: And Security Agreement (Sri Surgical Express Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Loan Credit Agreement (Farrel Corp)

Maintenance of Business and Properties. Shall at all times (a) (i) maintain, preserve preserve, and protect all Collateral and all the remainder of its material property assets and properties used or useful in the conduct of its business, and (ii) keep the same in good repair, working order order, and condition, and from time to time (iii) make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments betterments, and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and (b) maintain and keep in full force and effect all licenses and permits necessary and material to the proper conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Englobal Corp)

Maintenance of Business and Properties. Shall at all times -------------------------------------- maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Bradley Pharmaceuticals Inc)

Maintenance of Business and Properties. Shall at all times maintain, preserve and protect all Collateral and all the remainder of its material property used or useful in the conduct of its business, and keep the same in good repair, working order and condition, and from time to time make, or cause to be made, all material needful and proper repairs, renewals, replacements, betterments and improvements thereto thereto, to the extent necessary and in the reasonable discretion of such Borrower, so that the business carried on in connection therewith may be conducted properly and in accordance with standards generally accepted in businesses of a similar type and size at all times, and maintain and keep in full force and effect all licenses and permits necessary to the proper conduct of its business.

Appears in 1 contract

Samples: Loan and Security Agreement (Adams Golf Inc)

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