Common use of Maintain Collateral Clause in Contracts

Maintain Collateral. Each Borrower shall: ( a) Keep the Collateral under its control in good order and repair (ordinary reasonable wear and tear and insured casualty excepted); (b) Not suffer or cause the waste or destruction of any material part of the Collateral; (

Maintain Collateral. Each Borrower shall: : ( a) Keep the Collateral under its control in good order and repair (ordinary reasonable wear and tear and insured casualty excepted); . (b) Not suffer or cause the waste or destruction of any material part of the Collateral; . (c) Not use any of the Collateral in violation of any policy of insurance thereon.