Common use of Maintenance of Properties; Insurance Clause in Contracts

Maintenance of Properties; Insurance. The Guarantor shall, and shall cause each of its Subsidiaries to, keep all property useful and necessary in its business in good working order and condition, except where failure to do so would not have a Material Adverse Effect; and the Guarantor shall 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 customary for the Guarantor’s type of business.

Appears in 24 contracts

Samples: Pooling Agreement (Bunge LTD), Pooling Agreement (Bunge LTD), Pooling Agreement (Bunge Finance Europe B.V.)

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Maintenance of Properties; Insurance. The Guarantor shallwill, and shall will cause each of its Subsidiaries to, (i) keep and maintain all property useful and necessary in material to the conduct of its business in good working order and condition, except where failure to do so would not have a Material Adverse Effect; ordinary wear and the Guarantor shall maintain tear excepted, and (ii) maintain, with financially sound and reputable insurance companies companies, insurance on all its property in at least such amounts and against at least such risks as are customary for customarily maintained by companies engaged in the Guarantor’s type of businesssame or similar businesses operating in the same or similar locations, in each case, except to the extent that the failure to maintain any such insurance could not reasonably be expected to result in a Material Adverse Effect.

Appears in 3 contracts

Samples: Supplemental Agreement, Year Credit Agreement (Gatx Financial Corp), Year Credit Agreement (Gatx Corp)

Maintenance of Properties; Insurance. The Guarantor shallwill, and shall will cause each of its Subsidiaries to, (a) keep and maintain all property useful and necessary in material to the conduct of its business in good working order and condition, except where failure to do so would not have a Material Adverse Effect; ordinary wear and the Guarantor shall maintain tear excepted, and (b) maintain, with financially sound and reputable insurance companies companies, insurance on all its property in at least such amounts and against at least such risks as are customary for customarily maintained by companies engaged in the Guarantor’s type of businesssame or similar businesses operating in the same or similar locations.

Appears in 2 contracts

Samples: Guarantee Agreement (Photronics Inc), Assignment and Assumption (Old Republic International Corp)

Maintenance of Properties; Insurance. The Guarantor shall, and shall cause each of its Subsidiaries to, keep all property useful and necessary in its business in good working order and condition, except where failure to do so would not have a Material Adverse Effect; and the Guarantor shall 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 customary for the Guarantor’s 's type of business.

Appears in 2 contracts

Samples: Pooling Agreement (Bunge LTD), Pooling Agreement (Bunge LTD)

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Maintenance of Properties; Insurance. The Each Guarantor shall, will (i) keep and shall cause each of its Subsidiaries to, keep maintain all property useful and necessary in material to the conduct of its business in good working order and condition, except where failure to do so would not have a Material Adverse Effect; ordinary wear and the Guarantor shall maintain tear excepted, and (ii) maintain, with financially sound and reputable insurance companies companies, insurance on all its property in at least such amounts and against at least such risks as are customary for customarily maintained by companies engaged in the Guarantor’s type of businesssame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Credit Agreement (Tele Norte Celular Participacoes Sa)

Maintenance of Properties; Insurance. The Guarantor shallwill, and shall will cause each of its Material Subsidiaries to, (a) keep and maintain all property useful and necessary in material to the conduct of its business in good working order and condition, except where failure to do so would not have a Material Adverse Effect; ordinary wear and the Guarantor shall maintain tear excepted, and (b) maintain, with financially sound and reputable insurance companies companies, insurance on all its property in at least such amounts and against at least such risks as are customary for customarily maintained by companies engaged in the Guarantor’s type of businesssame or similar businesses operating in the same or similar locations.

Appears in 1 contract

Samples: Day Credit Agreement (Kinder Morgan Inc)

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