Common use of Maintenance of Equipment Clause in Contracts

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, and shall make all necessary replacements thereto so that its value and operating efficiency shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 8 contracts

Samples: Loan and Security Agreement (Drinks Americas Holdings, LTD), Loan and Security Agreement (Reeds Inc), Loan and Security Agreement (K Tronik International Corp)

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Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 4 contracts

Samples: Security Agreement (Leisure Time Casinos & Resorts Inc), Security Agreement (Leisure Time Casinos & Resorts Inc), Security Agreement (Morellis Nona Ii Inc)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, repair and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 3 contracts

Samples: Loan and Security Agreement (Eip Microwave Inc), Loan and Security Agreement (Annies Homegrown Inc), Loan and Security Agreement (International Food & Beverage Inc /De/)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, repair and shall make all necessary replacements thereof and renewals thereto so that its the value and operating efficiency of the Equipment shall at all times be maintained and preserved. Borrower shall not permit any item of the Equipment to become a fixture Fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 3 contracts

Samples: Loan and Security Agreement (Total Apparel Group , Inc.), Loan and Security Agreement (United American Healthcare Corp), Loan and Security Agreement (Better Choice Co Inc.)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, repair and shall make all necessary replacements thereof and renewals thereto so that its the value and operating efficiency of the Equipment shall at all times be maintained and preservedpreserved (subject to ordinary wear and tear and normal obsolescence). Borrower shall not permit any item of the Equipment to become a fixture Fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Agritech Worldwide, Inc.), Loan and Security Agreement (Agritech Worldwide, Inc.)

Maintenance of Equipment. Borrower shall keep and maintain the its Equipment in good operating condition and repair, repair and shall make all necessary replacements thereto thereof so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment such items to become a fixture to real estate (other than the Realty while the Deeds of Trust are in effect) or an accession accessions to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 2 contracts

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

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, and shall make all necessary replacements thereto so that its value and operating efficiency shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's ’s personal property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Corporate Resource Services, Inc.), Loan and Security Agreement (Teamstaff Inc)

Maintenance of Equipment. Borrower Borrowers shall keep and maintain the Equipment their equipment in good operating condition and repairrepair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower Borrowers shall not permit any item of Equipment equipment to become a fixture to real estate or an accession to other property, and the Equipment equipment is now and shall at all times remain Borrower's personal property.

Appears in 2 contracts

Samples: Loan and Security Agreement (Proxim Corp), Loan and Security Agreement (Proxim Corp)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment reasonably determined by Borrower to be necessary for the efficient and effective conduct of its business in good operating condition and repair, repair and shall make all necessary replacements thereof and renewals thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment such items to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Lante Corp)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repairrepair (ordinary wear and tear excepted) in accordance with past practices, and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture (other than a trade fixture) to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Victoria Creations Inc)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment equipment in good operating condition and repair, repair and shall make all necessary replacements thereof and renewals thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment equipment to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Security Agreement (AHPC Holdings, Inc.)

Maintenance of Equipment. Each Borrower shall keep and maintain the Equipment in good operating condition and repair, repair and shall make all necessary replacements thereto replacement thereof so that its the value and operating efficiency thereof shall at all times be maintained and preserved. No Borrower shall not permit any item of Equipment such items to become a fixture to real estate or an accession accessions to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Blue Star Foods Corp.)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, and shall make all necessary replacements thereto so that its the value and operating efficiency of its Equipment shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and property without the appropriate waiver in place to protect Lender's security interest. The Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Optical Cable Corp)

Maintenance of Equipment. Borrower and its Subsidiaries shall keep and maintain the its respective Equipment in good operating condition and repairrepair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower and its Subsidiaries shall not permit any item of its Equipment to become a fixture to real estate or an accession to other property, and the such Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Image Entertainment Inc)

Maintenance of Equipment. The Borrower shall keep and maintain the Equipment in good operating condition and repair, repair (ordinary wear and tear excepted) and shall make all necessary replacements thereto thereof and renewals thereto, to the extent permitted hereunder, so that its the value and operating efficiency thereof shall at all times be maintained and preserved. The Borrower shall not permit any item of the Equipment to become a fixture to real estate be operated or an accession to other propertymaintained in violation of any applicable law, and the Equipment is now and shall at all times remain Borrower's personal propertystatute, rule or regulation.

Appears in 1 contract

Samples: Loan and Security Agreement (Plainwell Inc)

Maintenance of Equipment. Borrower Borrowers shall keep and maintain the Equipment in good operating condition and repair, ordinary wear and tear excepted, and shall make all necessary replacements thereto thereof so that its value the value, utility, and operating efficiency thereof shall at all times be maintained and preservedpreserved and shall promptly inform Lender of any material additions to or deletions from the Equipment. Borrower Borrowers shall not permit any item of such items to become affixed to real estate in such manner that such Equipment to will become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Fansteel Inc)

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Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, repair (normal wear and tear excepted) and shall make all necessary replacements thereof and renewals thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment such items to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Universal Electronics Inc)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repairrepair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate (other than a trade fixture) or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Action Industries Inc)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, and shall make all necessary replacements thereto so that its the value and operating efficiency of its Equipment shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the . The Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Ag&e Holdings Inc.)

Maintenance of Equipment. Borrower shall keep and maintain Maintain the Equipment which is necessary or useful in the proper conduct of Borrower's business in good operating condition and repairrepair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Other than those items of Equipment that constitute fixtures on the Closing Date, Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the such Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (California Amplifier Inc)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Tristar Corp)

Maintenance of Equipment. Borrower shall keep and maintain Maintain the Equipment required in the ordinary course of the business operations of the Borrower in good operating condition and repairrepair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. Other than those items of Equipment that constitute fixtures on the Closing Date, Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the such Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Computron Software Inc)

Maintenance of Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repairrepair (ordinary wear and tear excepted), and shall make all necessary replacements thereto so that its the value and operating efficiency of its Equipment shall at all times be maintained and preserved. Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property. Except as otherwise permitted to be disposed of in accordance with Section 7.1, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (AMERI Holdings, Inc.)

Maintenance of Equipment. Each Borrower shall keep and maintain the its Equipment in good operating condition and repair, ordinary wear and tear excepted, and shall make all necessary replacements thereto thereof so that its value the value, utility, and operating efficiency thereof shall at all times be maintained and preservedpreserved and shall promptly inform Lender of any material additions to or deletions from the Equipment. No Borrower shall not permit any item of such items to become affixed to real estate in such manner that such Equipment to will become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Vita Food Products Inc)

Maintenance of Equipment. Each Borrower shall keep and maintain the its Equipment in good operating condition and repair, and shall make all necessary replacements thereto so that its the value and operating efficiency thereof shall at all times be maintained and preserved. No Borrower shall not permit any item of Equipment to become a fixture to real estate or an accession to other property, and the Equipment is now and shall at all times remain Borrower's personal property.

Appears in 1 contract

Samples: Loan and Security Agreement (Pia Merchandising Services Inc)

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