Common use of Corporate Separateness Clause in Contracts

Corporate Separateness. The Borrower will, and will cause each Subsidiary to, take all necessary steps to maintain its identity as a separate legal entity from other Persons and to make it manifest to third parties that it is an entity with assets and liabilities distinct from those of each of other Person.

Appears in 17 contracts

Samples: Credit Agreement (Rite Aid Corp), Amendment and Restatement Agreement (Rite Aid Corp), Credit Agreement (Rite Aid Corp)

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Corporate Separateness. The Borrower will, and will cause each Subsidiary to, take all necessary steps to maintain its identity as a separate legal entity from other Persons and to make it manifest to third parties that it is an entity with assets and liabilities distinct from those of each of other Person.. 164

Appears in 1 contract

Samples: Credit Agreement (Rite Aid Corp)

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