Common use of Maintenance of Properties and Insurance Clause in Contracts

Maintenance of Properties and Insurance. (a) The Issuer shall, and shall cause each of the Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 shall prevent the Issuer or any of the Restricted Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 14 contracts

Samples: Indenture (Chaparral Energy, Inc.), Supplemental Indenture (Rosetta Resources Inc.), Indenture (Chaparral Energy, Inc.)

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Maintenance of Properties and Insurance. (a) The Issuer shall, and shall cause each of the Restricted its Significant Subsidiaries to, maintain all its material properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make or cause to be made all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business, all as in the reasonable judgment of the Issuer is necessary so that the business carried on by Issuer and its Significant Subsidiaries may be actively conducted; provided, however, that nothing in this Section 4.5 4.19 shall prevent the Issuer or any of the Restricted its Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) is, in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer or Restricted the Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 5 contracts

Samples: Indenture (Spectrasite Holdings Inc), Indenture (Spectrasite Holdings Inc), Spectrasite Holdings Inc

Maintenance of Properties and Insurance. (a) The Issuer Company shall, and shall cause each of the Restricted Subsidiaries Subsidiary to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its businessthereto; provided, however, that nothing in this Section 4.5 4.05 shall prevent the Issuer Company or any of the Restricted Subsidiaries Subsidiary from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards Board of Directors or other governing body of the Issuer Company or the Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 3 contracts

Samples: Indenture (Icn Pharmaceuticals Inc), Icn Pharmaceuticals Inc, International Knife & Saw Inc

Maintenance of Properties and Insurance. (a) The Issuer LNR shall, and shall cause each of the Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 shall prevent the Issuer LNR or any of the Restricted Subsidiaries of LNR from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer LNR or Restricted such Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 3 contracts

Samples: Indenture (LNR Property Corp), Indenture (LNR Property Corp), LNR Property Corp

Maintenance of Properties and Insurance. (a) The Each Issuer shall, and shall cause each of the its Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 4.05 shall prevent the an Issuer or any of the its Restricted Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the such Issuer or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 2 contracts

Samples: Supplemental Indenture (Canadian Abraxas Petroleum LTD), Canadian Abraxas Petroleum LTD

Maintenance of Properties and Insurance. (a) The Issuer Company shall, and shall cause each of the Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 4.05 shall prevent the Issuer Company or any of the Restricted Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer Company or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 2 contracts

Samples: Indenture (Magnum Hunter Resources Inc), Magnum Hunter Resources Inc

Maintenance of Properties and Insurance. (a) The Issuer Company shall, and shall cause each of the its Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 4.05 shall prevent the Issuer Company or any of the its Restricted Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer Company or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 1 contract

Samples: Indenture (XCL LTD)

Maintenance of Properties and Insurance. (a) The Issuer shall, and shall cause each of the Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 shall prevent the Issuer or any of the Restricted Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards Board of Directors or other governing body of the Issuer or such Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 1 contract

Samples: Chaparral Energy, Inc.

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Maintenance of Properties and Insurance. (a) The Each Issuer shall, and shall cause each of the Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 4.05 shall prevent the an Issuer or any of the Restricted Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the such Issuer or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 1 contract

Samples: Abraxas Petroleum Corp

Maintenance of Properties and Insurance. (a) The Issuer Company shall, and shall cause each of the Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 4.05 shall prevent the Issuer Company or any of the Restricted Subsidiaries of the Company from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer Company or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 1 contract

Samples: Safety Components Fabric Technologies Inc

Maintenance of Properties and Insurance. (a1) The Issuer Company shall, and shall cause each of the Restricted Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 4.05 shall prevent the Issuer Company or any of the Restricted Subsidiaries of the Company from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (iA) in the ordinary course of business pursuant to customary business terms or (iiB) in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer Company or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 1 contract

Samples: Indenture (Kinetic Concepts Inc /Tx/)

Maintenance of Properties and Insurance. (a) The Issuer shall, and shall cause each of the Restricted its Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; providedPROVIDED, howeverHOWEVER, that nothing in this Section 4.5 4.05 shall prevent the Issuer or any of the Restricted its Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards of Directors or other governing body of the Issuer or Restricted Subsidiary, as the case may be, desirable in the conduct of their respective businesses and is not disadvantageous in any material respect to the Holders.

Appears in 1 contract

Samples: Indenture (Abraxas Petroleum Corp)

Maintenance of Properties and Insurance. (a) The Issuer shall, and shall cause each of the Restricted its Subsidiaries to, maintain all properties used or useful in the conduct of its business in good working order and condition (subject to ordinary wear and tear) and make all necessary repairs, renewals, replacements, additions, betterments and improvements thereto and actively conduct and carry on its business; provided, however, that nothing in this Section 4.5 4.05 shall prevent the Issuer or any of the Restricted its Subsidiaries from discontinuing the operation and maintenance of any of its properties, if such discontinuance is (i) in the ordinary course of business pursuant to customary business terms or (ii) in the good faith judgment of the respective Boards Board of Directors or other governing body of the Issuer or Restricted Subsidiary, as the case may beIssuer, desirable in the conduct of their respective its or its Subsidiaries' businesses and is not disadvantageous in any material respect to the Holders.

Appears in 1 contract

Samples: Indenture (Southwest Royalties Inc)

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