Common use of Preservation of Assets Clause in Contracts

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

Appears in 5 contracts

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

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Preservation of Assets. Each Obligor shall (and the Parent shall ensure that each member of the Group 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: Facilities Agreement (Genesco Inc), Facilities Agreement (Genesco Inc)

Preservation of Assets. Each Obligor shall (and the Parent shall ensure that each member of the Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its businessbusiness from time to time.

Appears in 2 contracts

Samples: South Texas Supply Company, Inc., South Texas Supply Company, Inc.

Preservation of Assets. Each Obligor shall (and the Parent shall ensure that each other member of the Group 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: Loan Agreement (Melco Crown Entertainment LTD)

Preservation of Assets. Each Obligor shall (and the Parent shall ensure that each other member of the Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in for the conduct of its business, where failure to do so would has or is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Senior Facilities Agreement (Fintrax US Acquisition Subsidiary, Inc.)

Preservation of Assets. Each Obligor shall (and the Parent shall ensure that each member of the Secured Group 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: Facilities Agreement (Enstar Group LTD)

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Preservation of Assets. Each Obligor shall (and the Parent shall ensure that each other member of the Group will) ), in each case, subject to any transactions permitted hereunder, maintain in all material respects in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business.

Appears in 1 contract

Samples: Amkor Technology, Inc.

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

Appears in 1 contract

Samples: Senior Secured Note Purchase Agreement (Encore Capital Group Inc)

Preservation of Assets. Each Obligor shall (and the Parent shall ensure that each member of the Group 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 so do is, or is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

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