Common use of Preservation of Property Clause in Contracts

Preservation of Property. The Borrower will at all times maintain, preserve and protect all of the Borrower’s properties which are used or useful in the conduct of the Borrower’s businesses whether owned in fee or otherwise, or leased, in good repair and operating condition and comply with all material leases to which it is a party or under which it occupies property so as to prevent any material loss or forfeiture thereunder.

Preservation of Property. The Borrower will at all times maintain, preserve and protect all of the Borrower’s 's properties which are used or useful in the conduct of the Borrower’s 's businesses whether owned in fee or otherwise, or leased, in good repair and operating condition and comply with all material leases to which it is a party or under which it occupies property so as to prevent any material loss or forfeiture thereunder.

Preservation of Property. The Borrower will at all times maintain, and take commercially reasonable steps to preserve and protect all franchises and trade names and keep all the remainder of the Borrower’s its properties which are used or useful in the conduct of the Borrower’s its businesses whether owned in fee or otherwise, or leased, in good repair and operating condition (ordinary wear and tear excepted). Borrower shall comply with all material leases to which it is a party or under which it occupies property so as to prevent any material loss or forfeiture thereunder.

Preservation of Property. The Borrower will at all times maintain, preserve and protect and keep all of the Borrower’s properties which are used or useful in material to the conduct of the Borrower’s businesses whether owned in fee or otherwise, or leased, its business in good repair and operating condition and comply with will from time to time make all needful and proper repairs, renewals, replacements, betterments and improvements thereto so that the business carried on in connection therewith may be properly and advantageously conducted at all times in all material leases to which it is a party or under which it occupies property so as to prevent any material loss or forfeiture thereunderrespects.