Common use of System Condition Clause in Contracts

System Condition. Provider shall take all actions reasonably necessary to ensure that the System is capable of operating as per System specifications and manufacturer’s warranties. Provider shall, at its expense, maintain the System in accordance with Prudent Industry Practices, manufacturer’s requirements and warranty guidelines and Applicable Law. Provider shall use reasonable efforts to restore the System promptly after any material interruption, provided that the Parties hereto acknowledge that the Lender or its agent will be the loss payee on casualty/property insurance with respect to the System and will have the right to apply the proceeds thereof in accordance with the financing arrangements between it and Provider. If the System remains inoperable or operates at a reduced efficiency and cannot be restored within three (3) Business Days, Provider shall provide Host with a plan describing the actions that it intends to take to cure the outage.