Common use of Service and Repair Clause in Contracts

Service and Repair. Borrower will at its sole expense maintain and service and repair any damage to each item of Collateral in a manner consistent with prudent industry practice and Borrower's own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's warranties and recommendations.

Appears in 6 contracts

Samples: Senior Loan and Security Agreement (Resourcephoenix Com), Senior Loan and Security Agreement (Avanex Corp), Loan and Security Agreement (Gric Communications Inc)

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Service and Repair. Borrower will at its sole expense maintain ------------------ and service and repair any damage to each item of Collateral in a manner consistent with prudent industry practice and Borrower's own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's warranties and recommendations.

Appears in 1 contract

Samples: Loan and Security Agreement (Pointshare Corp)

Service and Repair. Borrower will at its sole expense maintain and service ------------------ and repair any damage to each item of Collateral in a manner consistent with prudent industry practice and Borrower's own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's warranties and recommendations.

Appears in 1 contract

Samples: Senior Loan and Security Agreement (Matritech Inc/De/)

Service and Repair. With respect to the Collateral, Borrower will at its sole expense maintain and service and repair any damage to each item items of Collateral in a manner consistent with prudent industry practice and Borrower's own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's warranties and recommendations.

Appears in 1 contract

Samples: Senior Loan and Security Agreement (Embark Com Inc)

Service and Repair. Borrower will at its sole expense maintain and service and repair any damage to each item of Collateral in a manner consistent with prudent industry practice and Borrower's own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's warranties and recommendations.same

Appears in 1 contract

Samples: Loan and Security Agreement (Ondisplay Inc)

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Service and Repair. Borrower will at its sole expense maintain and service and repair any damage to each item of Collateral in a manner consistent with prudent industry practice and Borrower's ’s own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's ’s warranties and recommendations.

Appears in 1 contract

Samples: Senior Loan and Security Agreement (Xcyte Therapies Inc)

Service and Repair. Borrower will at its sole expense maintain and ------------------ service and repair any damage to each item of Collateral in a manner consistent with prudent industry practice and Borrower's own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's warranties and recommendations.

Appears in 1 contract

Samples: Loan and Security Agreement (Haht Commerce Inc)

Service and Repair. With respect to the Collateral, Borrower will at its ------------------ sole expense maintain and service and repair any damage to each item of Collateral in a manner consistent with prudent industry practice and Borrower's own practice so that such item of Collateral is at all times (i) in the same condition as when delivered to Borrower, except for ordinary wear and tear, and (ii) in good operating order for the function intended by its manufacturer's warranties and recommendations.

Appears in 1 contract

Samples: Senior Loan and Security Agreement (Iown Holdings Inc)

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