Common use of Maintenance of Properties; Insurance Clause in Contracts

Maintenance of Properties; Insurance. (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 (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 12 contracts

Samples: Competitive Advance and Revolving Credit Agreement (Tegna Inc), Competitive Advance and Revolving Credit Agreement (Gannett Co Inc /De/), Competitive Advance and Revolving Credit Agreement (Gannett Co Inc /De/)

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Maintenance of Properties; Insurance. (a) Keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, excepted and (b) maintain, with financially sound and reputable insurance companies, insurance except where failure to do so would not reasonably be expected to result in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locationsa Material Adverse Effect.

Appears in 12 contracts

Samples: Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.), Credit Agreement (Huntington Ingalls Industries, Inc.)

Maintenance of Properties; Insurance. (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 (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.;

Appears in 11 contracts

Samples: Credit Agreement (HCI Group, Inc.), Credit Agreement (Biote Corp.), Credit Agreement (HCI Group, Inc.)

Maintenance of Properties; Insurance. (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 (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.; and

Appears in 5 contracts

Samples: Credit Agreement (Molina Healthcare Inc), Bridge Credit Agreement (Molina Healthcare Inc), Credit Agreement (Molina Healthcare Inc)

Maintenance of Properties; Insurance. (a) Keep and maintain all property material to the conduct of the business of the Company and its business Subsidiaries, taken as a whole, in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 4 contracts

Samples: Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp)

Maintenance of Properties; Insurance. (a) Keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear exceptedexcepted except where failure to do so would not materially adversely affect the operations of the business of Borrower and its Subsidiaries (other than Immaterial Foreign Subsidiaries), and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks taken as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.a whole;

Appears in 3 contracts

Samples: Credit Agreement (Biotelemetry, Inc.), Credit Agreement (Biotelemetry, Inc.), Credit Agreement (BioTelemetry, Inc.)

Maintenance of Properties; Insurance. Each Obligor will (a) Keep keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Note Purchase Agreement (Microfinancial Inc), Credit Agreement (Microfinancial Inc)

Maintenance of Properties; Insurance. (a) Keep and maintain all property material necessary to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks (including in any event business interruption) as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations, and (c) furnish to each Lender, upon written request, full information as to the insurance carried.

Appears in 2 contracts

Samples: Credit Agreement (Caribiner International Inc), Credit Agreement (Audio Visual Services Corp)

Maintenance of Properties; Insurance. (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 (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Credit Agreement (Health Management Associates Inc), Credit Agreement (Health Management Associates Inc)

Maintenance of Properties; Insurance. (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 (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations. Section 5.7.

Appears in 1 contract

Samples: Credit Agreement (Tegna Inc)

Maintenance of Properties; Insurance. Each Obligor will (a) Keep keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, excepted and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses business operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Marvel Entertainment, Inc.)

Maintenance of Properties; Insurance. (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 (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locationslocations .

Appears in 1 contract

Samples: Gannett Co Inc /De/

Maintenance of Properties; Insurance. (a) a. Keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear exceptedand casualty excepted and except where the failure to do so would not reasonably be expected to have, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged either individually or in the same or similar businesses operating in the same or similar locations.aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Tilray Brands, Inc.)

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Maintenance of Properties; Insurance. (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 (b) maintain, Maintain with financially sound and reputable insurance companiescompanies not Affiliates of the Borrower, insurance in such amounts with respect to its properties and business, and the properties and business of its Restricted Subsidiaries, against such risks as are loss, damage and risk of the kinds customarily maintained insured against by companies engaged in the same or similar businesses operating in the same or similar locations. Section 5.9.

Appears in 1 contract

Samples: Credit Agreement (Molina Healthcare, Inc.)

Maintenance of Properties; Insurance. (a) Keep Each Obligor will keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) each Obligor will maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses business operating in the same or similar locations.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Resource Capital Corp.)

Maintenance of Properties; Insurance. The Company will (a) Keep keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear exceptedexcept 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, maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against and in such amounts and against such risks as are customarily maintained insured for by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Letter of Credit Agreement (Bovie Medical Corp)

Maintenance of Properties; Insurance. (a) Keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear exceptedexcepted and from time to time will make or cause to be made all appropriate repairs, renewals and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.replacements thereof;

Appears in 1 contract

Samples: Credit Agreement (Primo Water Corp)

Maintenance of Properties; Insurance. (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 (b) maintain, with financially sound and reputable insurance companies, insurance on all its property in at least such amounts and against at least such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Gannett Co., Inc.)

Maintenance of Properties; Insurance. (a) Keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear exceptedand casualty excepted and except where the failure to do so would not reasonably be expected to have, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged either individually or in the same or similar businesses operating in the same or similar locations.aggregate, a Material Adverse Effect;

Appears in 1 contract

Samples: Credit Agreement (Tilray Brands, Inc.)

Maintenance of Properties; Insurance. (a) Keep Maintain, preserve and maintain protect all property that is material to the conduct of the business of the Company or any of its business Subsidiaries and keep such property in good repair, working order and conditioncondition and from time to time make, ordinary wear or cause to be made all needful and tear exceptedproper repairs, renewals, additions, improvements and (b) maintain, replacements thereto necessary in order that the business carried on in connection therewith may be properly conducted at all times in accordance with financially sound customary and reputable prudent business practices for similar businesses; and maintain in full force and effect insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.with responsible and

Appears in 1 contract

Samples: Credit Agreement (Key Plastics Inc)

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