Separate Legal Entity. The Company shall not commingle any of its funds or other assets with the funds or assets of any other entity or person. The Company shall maintain its financial and accounting books and records separate from those of any other entity or person. The Company shall pay from its assets all obligations and indebtedness of any kind incurred by the Company, and shall not pay from its assets any obligations or indebtedness of any other entity or person, other than expenses, obligations or indebtedness of the Origination Trust, any Securitization Trust, any trustee of any of the foregoing with respect thereto, and any Partnership.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (World Omni 1998-a Automobile Lease Securitization Trust), Limited Liability Company Agreement (World Omni 1998-a Automobile Lease Securitization Trust)
Separate Legal Entity. The Company shall not commingle any of its funds or other assets with the funds or assets of any other entity or person. The Company shall maintain its financial and accounting books and records separate from those of any other entity or person. The Company shall pay from its assets all obligations and indebtedness of any kind incurred by the Company, and shall not pay from its assets any obligations or indebtedness of any other entity or person, other than expenses, obligations or indebtedness of the Origination Trust, any Securitization Trust, New Trust or any trustee of any of the foregoing with respect thereto, and any Partnership.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wodfi LLC), Limited Liability Company Agreement (Wodfi LLC)
