Common use of Maintenance of Properties; Insurance Clause in Contracts

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 9 contracts

Samples: Revolving Credit Agreement (Deltic Timber Corp), Revolving Credit Agreement (Deltic Timber Corp), Revolving Credit Agreement (Exactech Inc)

AutoNDA by SimpleDocs

Maintenance of Properties; Insurance. The Borrower will, and will cause the Company and each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties (including through self-insurance) in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 8 contracts

Samples: Revolving Credit Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.), Term Loan Agreement (Xenia Hotels & Resorts, Inc.)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear and casualty and condemnation events excepted, except where to the extent any failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain (either directly or indirectly by causing its tenants to maintain), with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 6 contracts

Samples: Revolving Credit and Term Loan Agreement (Brixmor Operating Partnership LP), Term Loan Agreement (Brixmor Operating Partnership LP), Term Loan Agreement (Brixmor Operating Partnership LP)

Maintenance of Properties; Insurance. The Except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect, the Parent Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and except where the failure to do sofor surplus and obsolete properties, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business on such of its Subsidiaries, property and in such amounts and against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 6 contracts

Samples: Credit Agreement (Ralph Lauren Corp), Credit Agreement (Polo Ralph Lauren Corp), Credit Agreement (Ralph Lauren Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Material Subsidiaries to, (a) keep and maintain all property Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted, except where if the failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companiescompanies or through self-insurance, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 5 contracts

Samples: Credit Agreement (Mylan Inc.), Revolving Credit Agreement (Mylan N.V.), Term Credit Agreement (Mylan N.V.)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to and necessary in the conduct of its business in good working order and condition, ordinary wear and tear except where excepted, to the extent that the failure to do so, either individually or it in the aggregate, could would not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 5 contracts

Samples: Credit Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.), Credit Agreement (Industrial Property Trust Inc.), Credit Agreement (Industrial Property Trust Inc.)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Material Subsidiaries to, (a) keep and maintain all property Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted, except where if the failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companiescompanies or through self-insurance, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 5 contracts

Samples: Loan Credit Agreement (Upjohn Inc), Term Loan Credit Agreement (Viatris Inc), Revolving Credit Agreement (Viatris Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Deltic Timber Corp), Revolving Credit Agreement (Deltic Timber Corp), Term Loan Credit Agreement (Deltic Timber Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Restricted Subsidiaries to, (a) keep and maintain all property material to used in the conduct of its business in good working order and condition, ordinary wear and tear and casualty events excepted, except where to the extent that failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain insurance with financially sound and reputable insurance companies, insurance with respect to its properties companies in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Block, Inc.), Revolving Credit Agreement (Square, Inc.), Revolving Credit Agreement (Square, Inc.)

Maintenance of Properties; Insurance. The Each Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property Property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and casualty or condemnation excepted, except where if the failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companiescompanies or through self-insurance, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Restatement Agreement (Constellation Brands, Inc.), Restatement Agreement (Constellation Brands, Inc.), Restatement Agreement (Constellation Brands, Inc.)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries Subsidiary to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Credit Agreement (Golden Grain Energy), Credit Agreement (Great Plains Ethanol LLC), Credit Agreement (Western Plains Energy LLC)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its the Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations; provided, however, that the Borrower and the Subsidiaries may instead self-insure to the same general extent as other companies of similar size, type and financial condition as the Borrower or such Subsidiary, and to the extent such policies are consistent with prudent business practice.

Appears in 4 contracts

Samples: Assignment and Assumption (Hp Inc), Year Credit Agreement (Hp Inc), Assignment and Assumption (Nvidia Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its the Subsidiaries and the other Loan Parties to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where to the extent any failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain (either directly or indirectly by causing its tenants to maintain), with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Revolving Credit and Term Loan Agreement (Invitation Homes Inc.), Term Loan Agreement (Invitation Homes Inc.), Revolving Credit and Term Loan Agreement (Invitation Homes Inc.)

Maintenance of Properties; Insurance. The Borrower Borrowers will, and will cause each of its Subsidiaries the Loan Parties to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Macquarie Infrastructure CO LLC), Credit Agreement (Macquarie Infrastructure Corp), Revolving Credit Agreement (Macquarie Infrastructure CO LLC)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries Subsidiary to, (a) keep and maintain all property material to of the conduct of Borrower and its business Subsidiaries taken as a whole in good working order and condition, ordinary wear and tear excepted except where the failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companiescompanies or funds, or through appropriate self-insurance, as applicable, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Assignment and Assumption (Sysco Corp), Credit Agreement (Sysco Corp), Day Bridge Term Loan Agreement (Sysco Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries (other than Immaterial Subsidiaries) to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do soexcepted, either individually or it the aggregate, other than as could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance (including self-insurance) companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Senior Secured Revolving Credit Agreement and Guarantee and Security Agreement (Crescent Capital BDC, Inc.), Secured Revolving Credit Agreement (Crescent Capital BDC, Inc.), Revolving Credit Agreement (Crescent Capital BDC, Inc.)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, in amounts and against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations, in each instance, reasonably acceptable to the Administrative Agent.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Watsco Inc), Revolving Credit Agreement (Watsco Inc), Revolving Credit Agreement (Watsco Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business their businesses in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could for failures that would not reasonably be expected to result in a Material Adverse Effect and (b) maintain Effect. The Borrower will maintain, with financially sound and reputable insurance companies, insurance with respect to its properties directly, or through Merck, on the Borrower's own behalf and business, and the properties and business on behalf of its Subsidiaries, insurance in such amounts and against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Bridge Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, subject to ordinary wear and tear tear, except where the failure to do so, either individually or it the aggregate, could is not reasonably be expected likely to result in a Material Adverse Effect Effect, and (bii) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Contribution Agreement (Dollar General Corp), Revolving Credit Agreement (Dollar General Corp), Guaranty Agreement (Dollar General Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, except for ordinary wear and tear except where tear, if the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 3 contracts

Samples: Revolving Credit Loan Agreement (American Healthways Inc), Revolving Credit Loan Agreement (American Healthways Inc), Credit and Term Loan Agreement (American Healthways Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business their businesses in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could for failures that would not reasonably be expected to to, result in a Material Adverse Effect and (b) maintain Effect. The Borrower will maintain, with financially sound and reputable insurance companies, insurance with respect to its properties directly, or through Merck, on the Borrower's own behalf and business, and the properties and business on behalf of its Subsidiaries, insurance in such amounts and against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Credit Agreement (Medco Health Solutions Inc), Credit Agreement (Medco Health Solutions Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, subject to ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Amsurg Corp), Revolving Credit Agreement (Amsurg Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Restricted Subsidiaries to, (a) keep and maintain all property material to used in the conduct of its business in good working order and condition, ordinary wear and tear and casualty events excepted, except where to the extent that failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain insurance with financially sound and reputable insurance companies, companies or through self-insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Second Amendment and Restatement Agreement (Dropbox, Inc.), Amendment and Restatement Agreement (Dropbox, Inc.)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries and the Parent Guarantors to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where to the extent any failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain (either directly or indirectly by causing its tenants to maintain), with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Brixmor Property Group Inc.), Term Loan Agreement (Brixmor Property Group Inc.)

Maintenance of Properties; Insurance. (a) The Borrower will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (bii) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Revolving Credit Agreement (First Financial Bancorp /Oh/), Loan Agreement (Southern First Bancshares Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) except with respect to property no longer used or no longer useful in the business of Borrower or its Subsidiaries keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect excepted and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Rollins Inc), Revolving Credit Agreement (Rollins Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted except where the failure to do soso could not, either individually or it in the aggregate, could not reasonably be expected expect to result in a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and businessagainst such risks as are, and the properties and business of its Subsidiariesin all material respects, against loss or damage of the kinds customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Term Loan Agreement (Lam Research Corp), Term Loan Agreement (Lam Research Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material Property relating to the conduct of its business in good working order and condition, ordinary wear and tear excepted (except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect Effect), and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (SCV Epi Vineyards Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (bii) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Allegheny Energy Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, subject to ordinary wear and tear except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations. The Borrower will cause the Administrative Agent, for the benefit of the Lenders, to be named additional insured on all liability policies of the Loan Parties.

Appears in 1 contract

Samples: Subsidiary Guarantee Agreement (Amsurg Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear and casualty loss excepted, except where the failure to do so, either individually or it in the aggregate, could would not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies of similar size in the same or similar businesses operating in the same or similar locations, which are similarly situated.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (First Acceptance Corp /De/)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, subject to ordinary wear and tear except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amsurg Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear and casualty and condemnation events excepted, except where to the extent any failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain (either directly or indirectly by causing its tenants to maintain), with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Term Loan Agreement (Brixmor Operating Partnership LP)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) except with respect to property no longer used or no longer useful in the business of Borrower or its Subsidiaries keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect excepted and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties prop­erties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rollins Inc)

Maintenance of Properties; Insurance. The Borrower will, ------------------------------------ and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in have a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mapics Inc)

AutoNDA by SimpleDocs

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material Property relating to the conduct of its business in good working order and condition, ordinary wear and tear excepted (except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in have a Material Adverse Effect and except for Asset Sales permitted by Section 7.04), and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Bridge Loan Agreement (Constellation Brands Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in have a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc /De/)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except excepted where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Loan Agreement (Us Xpress Enterprises Inc)

Maintenance of Properties; Insurance. The Borrower will, ------------------------------------ and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Deltic Timber Corp)

Maintenance of Properties; Insurance. (a) The Borrower will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could would not reasonably be expected to result in a Material Adverse Effect and (bii) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Greene County Bancshares Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material Property relating to the conduct of its business in good working order and condition, ordinary wear and tear excepted (except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in have a Material Adverse Effect and except for Dispositions permitted by Section 7.04), and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Constellation Brands Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where unless the failure to do soso keep, either individually preserve, protect and maintain such property or it the aggregatefailure to make such repairs, renewals or replacements could not reasonably be expected to result in a Material Adverse Effect Effect, ordinary wear and tear excepted, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by similarly situated companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Bridge Loan Agreement (Ion Geophysical Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted except where the failure to do soso could not, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and businessagainst such risks as are, and the properties and business of its Subsidiariesin all material respects, against loss or damage of the kinds customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Lam Research Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where to the extent the failure to do soso could not, either individually or it based on the aggregatefacts and circumstances existing at the time, could not reasonably be expected to result in have a Material Adverse Effect and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Qlogic Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Consolidated Subsidiaries and each Loan Party to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its respective properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (United Surgical Partners International Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily Table of Contents insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Ndchealth Corp)

Maintenance of Properties; Insurance. The Such Borrower will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (bii) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Allegheny Energy Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries Subsidiary to, (a) keep and maintain all property material to of the conduct of Borrower and its business Subsidiaries taken as a whole in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could so would not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companiescompanies or funds, or through appropriate self-insurance, as applicable, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Sysco Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its consolidated Subsidiaries and each Loan Party to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it in the aggregate, could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its respective properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (United Surgical Partners International Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations, including, without limitation the Reinsurance Policy.

Appears in 1 contract

Samples: Revolving Credit Agreement and Security Agreement (Walter Investment Management Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business their businesses in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, could for failures that would not reasonably be expected to to, result in a Material Adverse Effect and (b) maintain Effect. The Borrower will maintain, with financially sound and reputable insurance companies, insurance with respect to its properties directly, or through Merck, on the Borrower’s own behalf and business, and the properties and business on behalf of its Subsidiaries, insurance in such amounts and against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Medco Health Solutions Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries (other than Immaterial Subsidiaries) to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where excepted unless the failure to do so, either individually or it the aggregate, so keep and maintain could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hercules Capital, Inc.)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) subject to Sections 6.04(a)(iii) and (v) and Section 6.04(d), keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where to the extent that the failure to do so, either individually or it the aggregate, could not reasonably be expected to so keep and maintain would result in a Material Adverse Effect Effect; and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Whole Foods Market Inc)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in a Material Adverse Effect Effect, and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walter Investment Management Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (ai) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, either individually or it the aggregate, so could not reasonably be expected to result in a Material Adverse Effect Effect, and (bii) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Thomas & Betts Corp)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Restricted Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the for any failure to do so, either individually or it the aggregate, that could not reasonably be expected to result in a Material Adverse Effect 33 364-DAY CREDIT AGREEMENT and (b) maintain maintain, with financially sound and reputable insurance companies, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Assignment and Assumption (Pioneer Natural Resources Co)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) except to the extent that the failure to do so could not reasonably be expected to result in Material Adverse Effect, keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do soin accordance with industry standards, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain maintain, with IRIC or other financially sound and reputable insurance companiescompanies or with self-insurance, insurance with respect to its properties in such amounts and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds such material risks as are customarily insured against maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Huntsman International LLC)

Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds customarily insured against by companies in the same or similar businesses operating in the same or similar locations, including, without limitation, maintaining product liability insurance at all times, and in such amounts as are commercially reasonable in Borrower’s industry, that any Loans are outstanding under this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Exactech Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.