Maintenance of Clause Samples
The "Maintenance of" clause establishes the responsibility for keeping certain property, equipment, or systems in good working order throughout the term of an agreement. Typically, this clause specifies which party is obligated to perform regular upkeep, repairs, and necessary replacements, and may outline standards or schedules for such maintenance. By clearly assigning maintenance duties, the clause helps prevent disputes over neglect or deterioration, ensuring that assets remain functional and valuable during the contractual relationship.
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Maintenance of. Copyright Notices
Maintenance of. REGISTER BY THE ADMINISTRATIVE AGENT. The Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices in New York City a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the "REGISTER"). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.
Maintenance of obligatory insurances The Borrower and each Guarantor (as relevant) shall keep the Ship owned by it insured at its expense against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; and (d) any other risks against which the Facility Agent acting on the instructions of the Majority Lenders considers, having regard to practices and other circumstances prevailing at the relevant time, it would be reasonable for the Borrower or a Guarantor to insure and which are specified by the Facility Agent by written notice to the Borrower or a Guarantor.
Maintenance of status The Borrower will maintain its separate corporate existence under the laws of, and the centre of its main interests in, Belgium and the Borrower shall maintain its listing on the First Market of Euronext Brussels or the New York Stock Exchange or such other reputable international stock exchange approved by the Facility Agent (acting on the instructions of the Majority Lenders) in writing, such approval not to be unreasonably withheld or delayed.
Maintenance of. Maintain, keep, and preserve, and cause each Non-Borrower Subsidiary to maintain, keep, and preserve, all of the properties (tangible and intangible) necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear and tear excepted and material to the Borrowers taken as a whole.
Maintenance of. ListingThe Borrower shall maintain its listing on the New York Stock Exchange or such other reputable international stock exchange approved by the Administrative Agent (acting on the instructions of the Required Lenders) in writing, such approval not to be unreasonably withheld or delayed.
Maintenance of for Medical Leave
Maintenance of. Property Borrower shall maintain and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and shall use the reasonably prudent standard of care typical in the industry in the operation and maintenance of its Oil and Gas Properties and Gathering System Properties.
Maintenance of. Ratings The BorrowersBorrower shall use commercially reasonable efforts to (a) cause the Loans to be continuously rated (but not any specific rating) by S&P and ▇▇▇▇▇’▇ and (b) maintain a public corporate rating (but not any specific rating) from S&P and a public corporate family rating (but not any specific rating) from S&P and ▇▇▇▇▇’▇.
Maintenance of. It is that the maintenance of discipline for just cause is essential to satisfactory operation of the plant. Notice of Suspension, Disciplinary Layoff or Discharge The plant management agrees promptly upon the suspension, disciplinary layoff or discharge of an employee including a probationary employee to notify in writing the employee and the ▇▇▇▇▇▇▇ or Plant Shop Committeeperson in the district of the suspension, disciplinary layoff or discharge, and reason therefor. G-RIEVANCE PROCEDURE Such notice will be provided at a reasonable time where practicable prior to the end of the shift and will advise the employee that the employee has the right to request union representation. If such an employee is absent from the plant at the time the action is taken, or where it was not practicable to provide written notice prior to leaving the plant, management will send to the employee’s last known address notice of suspension, disciplinary layoff or discharge and notice that the employee has the right to request representation.