Common use of Equipment Covenants Clause in Contracts

Equipment Covenants. Borrower shall cause the Equipment to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and shall promptly make or cause to be made all repairs, replacements, and other improvements in connection therewith that are necessary or desirable to such end.

Appears in 3 contracts

Samples: Security Agreement (Dove Entertainment Inc), Security Agreement (Cherokee International Finance Inc), Security Agreement (Protection One Alarm Monitoring Inc)

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Equipment Covenants. Each Borrower shall cause Equipment which is ------------------- material the Equipment operations and business of such Borrower to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and shall promptly make or cause to be made all repairs, replacements, and other improvements in connection therewith that are necessary or desirable to such end.

Appears in 1 contract

Samples: Security Agreement (Opinion Research Corp)

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Equipment Covenants. Borrower shall cause the Equipment (to the ------------------- extent necessary for Borrower's business) to be maintained and preserved in the same condition, repair and working order as when new, ordinary wear and tear excepted, and in accordance with any manufacturer's manual, and shall promptly make or cause to be made all repairs, replacements, and and/or other improvements in connection therewith that are necessary or desirable to such end.

Appears in 1 contract

Samples: Security Agreement (MCG Capital Corp)

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