Common use of Maintenance of the Equipment Clause in Contracts

Maintenance of the Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, ordinary wear and tear excepted, and shall make all necessary replacements thereof so that the value, utility and operating efficiency thereof shall at all times be maintained and preserved, ordinary wear and tear excepted, and shall promptly inform Lender of any additions to or deletions from the Equipment. Borrower shall not permit any such items to become affixed to real estate in such manner that such items of Equipment will become a fixture or an accession to other personal property.

Maintenance of the Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, ordinary wear and tear excepted, repair and shall make all necessary replacements thereof so that the value, utility and operating efficiency thereof shall at all times be maintained and preserved, ordinary wear and tear excepted, preserved and shall promptly inform Lender of any material additions to or deletions from the Equipment. Borrower shall not permit any such items Equipment to become affixed to real estate in such manner that such items of Equipment will become a fixture or an accession to other personal property.. 8.2

Maintenance of the Equipment. Borrower shall keep and maintain the Equipment in good operating condition and repair, ordinary wear and tear excepted, repair and shall make all necessary replacements thereof so that the value, utility and operating efficiency thereof shall at all times be maintained and preserved, ordinary wear and tear excepted, preserved and shall promptly inform Lender of any additions to or deletions from the Equipment. Borrower shall not permit any such items to become affixed to real estate in such manner that such items of Equipment will become a fixture or an accession to other personal property.