Common use of Maintenance Of Fixed Assets Clause in Contracts

Maintenance Of Fixed Assets. Each of the BORROWERS shall maintain and preserve all of its fixed assets in a state of good and efficient working order.

Appears in 3 contracts

Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Imtek Office Solutions Inc)

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Maintenance Of Fixed Assets. Each of the BORROWERS shall maintain and preserve all of its material fixed assets in a state of good and efficient working order, ordinary wear and tear excepted.

Appears in 1 contract

Samples: Credit Agreement (Dover Motorsports Inc)

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Maintenance Of Fixed Assets. Each of the BORROWERS shall maintain and preserve all of its fixed assets in a state of good and efficient working order, normal wear and tear excepted.

Appears in 1 contract

Samples: Loan and Security Agreement (Gse Systems Inc)

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