Maintain Collateral. Maintain and preserve the Collateral in good repair, working order and condition, and make all needed and proper repairs, renewals, replacements, additions or improvements thereto, and immediately notify Secured Party of any event causing material loss or depreciation in the value of the Collateral and the amount of such loss or depreciation.
Appears in 3 contracts
Sources: Loan Agreement (Gunther International LTD), Security Agreement (Gunther International LTD), Loan and Security Agreement (Connecticut Water Service Inc / Ct)
Maintain Collateral. Maintain To the extent applicable, maintain and preserve the Collateral in good repair, working order and condition, and make all needed and proper repairs, renewals, replacements, additions or improvements thereto, and immediately notify Secured Party of any event causing material loss or depreciation in the value of the Collateral and the amount of such loss or depreciation.
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