Common use of Preservation of Assets Clause in Contracts

Preservation of Assets. The Borrower shall maintain and preserve all of its assets that are necessary in the conduct of the Permitted Business in good working order and condition, ordinary wear and tear excepted.

Appears in 3 contracts

Samples: Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc)

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Preservation of Assets. The Borrower shall maintain and preserve all of its assets that are necessary in the conduct of the Permitted Business in good working order and condition, condition (ordinary wear and tear excepted) all of its assets necessary or desirable in the conduct of its business as at the date of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (NeoGames S.A.), Loan Agreement (NeoGames S.A.)

Preservation of Assets. The Borrower shall (and shall ensure that each of its Subsidiaries will) maintain in good working order and preserve condition (ordinary wear and tear excepted) all of its the assets that are necessary in the conduct of the Permitted Business in good working order and condition, ordinary wear and tear exceptedits business.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Fang Nengbin)

Preservation of Assets. The Borrower shall maintain and preserve all of its assets that are necessary or desirable, in the opinion of the Security Agent, for the conduct of its business, as conducted at the Permitted Business date of this Agreement, in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Visteon Corp)

Preservation of Assets. (a) The Borrower shall maintain and preserve all of its assets that are necessary in the conduct of the Permitted Business in good working order and condition, 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 (Spansion Inc.)

Preservation of Assets. The Each Borrower shall maintain and preserve all of its assets that are necessary in the conduct of the Permitted Business in good working order and condition, 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 (Central European Distribution Corp)

Preservation of Assets. The Borrower shall maintain and preserve all of its assets that are necessary in or desirable for the conduct of its business, as conducted at the Permitted Business date of this Agreement, in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Agreement (Klondex Mines LTD)

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Preservation of Assets. The Borrower shall maintain and preserve all of its assets that are necessary in the conduct of the Permitted Business in good working order and condition, condition (ordinary wear and tear excepted) all of its assets necessary or desirable for the conduct of its business from time to time.

Appears in 1 contract

Samples: Facility Agreement (Atmel Corp)

Preservation of Assets. The Borrower shall maintain and preserve all of its assets that are reasonably necessary in or desirable, for the conduct of the Permitted Business its business, in good working order and condition, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Preservation of Assets. 14.9 The Borrower shall maintain in good working order and preserve condition (ordinary wear and tear excepted) the Property and all of its other material assets that are necessary in the conduct of the Permitted Business in good working order and condition, ordinary wear and tear exceptedits business.

Appears in 1 contract

Samples: Agreement (Century Aluminum Co)

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