Common use of Assets and Property Clause in Contracts

Assets and Property. Borrower shall maintain, keep, and preserve all of its assets and property (tangible and intangible) necessary or useful in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted. Borrower shall promptly obtain and maintain, from time to time at its own expense, all Approvals and Permits as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Appears in 7 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (William Lyon Homes), Construction Loan Agreement (William Lyon Homes)

AutoNDA by SimpleDocs

Assets and Property. Borrower shall will maintain, keep, and preserve all of its assets and property (tangible and intangible) necessary or useful in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted. Borrower shall promptly obtain and maintain, from time to time at its own expense, all Approvals and Permits as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Appears in 4 contracts

Samples: Credit Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes), Credit Agreement (William Lyon Homes)

Assets and Property. Borrower shall must maintain, keep, and preserve all of its assets and property (tangible and intangible) necessary or useful in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted. Borrower shall must promptly obtain and maintain, from time to time at its own expense, all Approvals and Permits as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Assets and Property. Borrower shall maintain, keep, and preserve all of its assets and property (tangible and intangible) for the Projects necessary or useful in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted. Borrower shall promptly obtain and maintain, from time to time at its own expense, all Approvals and Permits as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Appears in 2 contracts

Samples: Credit Loan Agreement, Credit Loan Agreement (TRI Pointe Homes, Inc.)

AutoNDA by SimpleDocs

Assets and Property. Borrower shall will maintain, keep, and preserve all of its assets and property (tangible and intangible) necessary or useful in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted. Borrower shall promptly obtain and maintain, from time to time at its own expense, all Approvals and Permits as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Employee Solutions Inc), Amended And (Continental Homes Holding Corp)

Assets and Property. Borrower shall will maintain, keep, and preserve all of its assets and property (tangible and intangible) necessary or useful customary in the proper conduct of its business and operations in good working order and condition, ordinary wear and tear excepted. Borrower shall promptly obtain and maintain, from time to time at its own expense, all Approvals and Permits as may be required to enable it to comply with its obligations hereunder and under the other Loan Documents.

Appears in 2 contracts

Samples: Credit Loan Agreement (Crescent Operating Inc), Modification Agreement (Crescent Operating Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.