Common use of Preservation of Assets Clause in Contracts

Preservation of Assets. The Borrower shall (and shall ensure that each Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 7 contracts

Samples: Facility Agreement (Zhongpin Inc.), Facility Agreement (Fushi Copperweld, Inc.), Facility Agreement (China TransInfo Technology Corp.)

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Preservation of Assets. The Borrower shall (and shall ensure that each member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 7 contracts

Samples: Operation and Maintenance Agreement (Globalstar, Inc.), Facility Agreement (Globalstar, Inc.), Agreement

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its businessbusiness if failure to do so has or is reasonably likely to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Assignment Agreement (Enstar Group LTD), Assignment Agreement (Enstar Group LTD), Enstar Group LTD

Preservation of Assets. The Borrower shall (and shall ensure that each member of the Group Member willshall) maintain in a good state of repair and in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 3 contracts

Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.), Agreement (Navios Maritime Holdings Inc.)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 2 contracts

Samples: Credit Agreement (CGG Veritas), Share Pledge Agreement (CGG Veritas)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each other Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its businessbusiness where failure to do so would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each other Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its businessbusiness where failure to do so could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Facility Agreement (Giant Interactive Group Inc.), Facility Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.)

Preservation of Assets. The Borrower Each Obligor shall (and shall ensure the Borrower will procure that each no other member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 2 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.)

Preservation of Assets. The Borrower shall (and the Borrower shall ensure that each other member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.. 18.12

Appears in 1 contract

Samples: Agreement (Century Aluminum Co)

Preservation of Assets. The Borrower shall (and the Borrower shall ensure that each other Obligor and each other member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its respective assets necessary or desirable from time to time in the conduct of its respective business.

Appears in 1 contract

Samples: Facility Agreement (VNG LTD)

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Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each other member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Agreement (Digital Landscape Group, Inc.)

Preservation of Assets. The Borrower shall (and the Borrower shall ensure that each member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Facility Agreement (Golden Meditech Holdings LTD)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business.

Appears in 1 contract

Samples: Share Pledge Agreement (General Geophysics Co)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each other Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its businessbusiness where failure to do so has or would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Intercreditor Agreement (WuXi PharmaTech (Cayman) Inc.)

Preservation of Assets. The Borrower Each Obligor shall (and the Borrower shall ensure that each member of the Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary or or, in its reasonable opinion, desirable in the conduct of its business.

Appears in 1 contract

Samples: Agreement (Cascal N.V.)

Preservation of Assets. The Borrower shall (and the Borrower shall ensure that each member of the Restricted Group Member will) maintain in good working order and condition (ordinary wear and tear excepted) all of its material assets necessary or desirable in the conduct of its businessbusiness where failure to do so has or could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Intercreditor Agreement (Ugi Corp /Pa/)

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