Common use of Maintenance of Collateral Clause in Contracts

Maintenance of Collateral. All tangible Collateral which is useful in and necessary to Debtor’s business is in good repair and condition, ordinary wear and tear excepted.

Appears in 31 contracts

Sources: Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (Quest Resource Corp)

Maintenance of Collateral. All tangible Collateral which is useful in and necessary to Debtor’s business is in good repair and condition, ordinary wear and tear excepted, and none thereof is a fixture except as specifically referred to herein in Paragraph 5(d) hereof.

Appears in 3 contracts

Sources: Credit Agreement (Markwest Energy Partners L P), Credit Agreement (Markwest Hydrocarbon Inc), Pledge and Security Agreement (Allis Chalmers Energy Inc.)

Maintenance of Collateral. All tangible Collateral which is useful in and necessary to each Debtor’s business is in good repair and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Sources: Pledge and Security Agreement (PostRock Energy Corp), Pledge and Security Agreement (PostRock Energy Corp)

Maintenance of Collateral. All tangible Collateral which is useful in and necessary material to Debtor’s business is in good repair and condition, ordinary wear and tear excepted.

Appears in 2 contracts

Sources: Loan and Security Agreement (AmeriCrew Inc.), Loan and Security Agreement (H/Cell Energy Corp)

Maintenance of Collateral. All tangible Collateral which is are useful in and necessary to Debtor’s 's business is in good repair and condition, ordinary wear and tear excepted, and none thereof is a fixture except as specifically referred to herein in Paragraph 5(d) hereof.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Dobson Communications Corp)

Maintenance of Collateral. All tangible Collateral which is useful in and necessary material to Debtorsuch Borrower’s business is in good repair and condition, ordinary wear and tear and casualty excepted.

Appears in 1 contract

Sources: Loan and Security Agreement (Digerati Technologies, Inc.)

Maintenance of Collateral. All tangible Collateral which is useful in and necessary material to DebtorBorrower’s business is in good repair and conditioncondition consistent with the ordinary course of business and its intended use, ordinary wear and tear excepted.

Appears in 1 contract

Sources: Loan and Security Agreement (Byrna Technologies Inc.)