ATLANTIC CITY Sample Clauses

ATLANTIC CITY. Atlantic City has operated in such a manner as not to give rise to any inference, or otherwise mislead third Persons to believe, that (a) it is not an entity separate and distinct from the Borrower and the Borrower's other Subsidiaries and (b) it is not solely responsible for its debts, without any support from the Borrower or any of its other Subsidiaries. Neither Borrower nor any of its Subsidiaries has commingled assets or funds with Atlantic City. Neither Borrower nor any of its other Subsidiaries has guaranteed any of Atlantic City's Indebtedness, contingent obligations or other obligations nor do such Persons have a subscription for any Indebtedness or capital stock of, or other investment in, Atlantic City. There is no basis for any creditors of Atlantic City to assert any bona fide claim against the Borrower or any of its other Subsidiaries for the payment of the obligations of Atlantic City to such creditor.
Sample 1
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ATLANTIC CITY. (i) The Borrower shall cause Atlantic City to operate in such a manner as not to give rise to any inference, or otherwise mislead third Persons to believe, that it is not an entity separate and distinct from the Borrower and each of its other Subsidiaries or that it is not solely responsible for its debts, without any support from the Borrower or any of its other Subsidiaries. Neither the Borrower nor any of its other Subsidiaries shall commingle assets or funds with Atlantic City or become a Guarantor for the benefit of Atlantic City.
Sample 1

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