Example ContractsClausesmaintenance of properties and leasesVariants
Maintenance of Properties and Leases
Maintenance of Properties and Leases contract clause examples

Maintenance of Properties. [[Organization A:Organization]] will, and will cause each of its Subsidiaries to, do all things necessary to # maintain, preserve, protect and keep its Property in good repair, working order and condition, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times, where failure to do so could reasonably be expected to have a Material Adverse Effect; and # keep proper books and records in which full and correct entries shall be made of all material financial transactions of [[Organization A:Organization]] and its Subsidiaries.

Property. The [[Organization A:Organization]] will maintain, preserve and keep its own and will cause its Subsidiaries to keep their principal plants and properties and every part thereof in good repair, working order and condition and from time to time make all needful and proper repairs, renewals, replacements, additions, betterments and improvements thereto so that at all times the efficiency thereof shall be fully preserved and maintained, except in each case when the failure to do so would not (either individually or in the aggregate) reasonably be expected to have a Material Adverse Effect.

Maintenance of Properties. will, and will cause each Subsidiary to, do all things reasonably necessary to maintain, preserve, protect and keep its material Property in good repair, working order and condition in all material respects (ordinary wear and tear excepted), and make all necessary and proper repairs, renewals and replacements material to its business so that its business carried on in connection therewith may be properly conducted at all times.

Section # Corporate Existence: Maintenance of Properties. The [[Organization A:Organization]] will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence (except as otherwise expressly permitted by the first sentence of Section 5.11), and will do or cause to be done all things commercially reasonable to preserve and keep in full force and effect its franchises; and the [[Organization A:Organization]] will, and will cause each of its Significant Subsidiaries to, # cause all of its properties used and useful in the conduct of its business to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment, and # cause to be made all necessary repairs, renewals, replacements, betterments and improvements thereof, all as in the judgment of the [[Organization A:Organization]] or its Significant Subsidiaries (as applicable) may be necessary, so that the business carried on in connection therewith may be properly and advantageously conducted at all times; provided that nothing in this Section 5.06 shall prevent the [[Organization A:Organization]] or any of its Subsidiaries from discontinuing the operation and maintenance of any of its properties if such discontinuance is, in the sole judgment of the [[Organization A:Organization]] or its Subsidiary, as the case may be, desirable in the conduct of its or their business and does not in the aggregate materially adversely affect the business, properties or financial condition of the [[Organization A:Organization]] and its Subsidiaries, taken as a whole; provided further that nothing in this Section 5.06 shall affect or impair in any manner the ability of the [[Organization A:Organization]] or any of its Subsidiaries to sell or dispose of all or any portion of its property and assets (including, without limitation, its shares in any Subsidiary or all or any portion of the property or assets of any Subsidiary); and provided finally that, in the event of any loss or damage to its property or assets, the [[Organization A:Organization]] and its Subsidiaries shall only be obligated to repair, replace or restore any such property or assets if the [[Organization A:Organization]] or the relevant Subsidiary has determined that such repair, replacement or restoration is necessary or appropriate and any such repair, replacement and/or restoration may be effectuated by the [[Organization A:Organization]] or such Subsidiary in such time period and in the manner it deems appropriate.

SECTION # Maintenance of Properties; Insurance. (a) will, and will cause each of its Subsidiaries to, keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where has reasonably concluded that failure to comply is not likely to have a Material Adverse Effect.

Maintenance of Properties. The Company will, and will cause each Subsidiary to, do all things reasonably necessary to maintain, preserve, protect and keep its material Property in good repair, working order and condition in all material respects (ordinary wear and tear excepted), and make all necessary and proper repairs, renewals and replacements material to its business so that its business carried on in connection therewith may be properly conducted at all times.

Section # Maintenance of Properties; Insurance. [[Organization A:Organization]] will, and will cause each of its Subsidiary to, # keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and # maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar location.

SECTION # Maintenance of Properties; Insurance. (a) will, and will cause each of its Subsidiaries to, keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where has reasonably concluded that failure to comply is not likely to have a Material Adverse Effect.

Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where all failures to do so could not reasonably be expected to have a Material Adverse Effect.

Maintenance of Properties, Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted, except where failure to do so would not have a Material Adverse Effect.

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