Common use of Maintenance of Properties, Books and Intellectual Property Clause in Contracts

Maintenance of Properties, Books and Intellectual Property. Each of the Borrower and any other Fiduciary Assignor shall (i) maintain in good working order and condition (ordinary wear and tear excepted) all of its Properties necessary in the conduct of its business, (ii) maintain updated books and records in accordance with good business practice of companies carrying on the same or substantially similar business and applicable Laws and (iii) shall preserve and maintain ownership of or the right to use all Intellectual Property and other rights with respect thereto which are necessary for the operation of its business unless the absence of which could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.