Common use of Corporate Separateness Clause in Contracts

Corporate Separateness. (i) The Seller shall at all times maintain at least two independent directors each of whom (x) is not currently and has not been during the five years preceding the date of the Agreement an officer, director or employee of, or a major vendor or supplier of services to, an Affiliate of the Seller or any Other Corporation, (y) is not a current or former officer or employee of the Seller and (z) is not a stockholder of any Other Corporation or any of their respective Affiliates.

Corporate Separateness. (i) The Seller shall at all times maintain at least two one independent directors each of whom director who (x) is not currently and has not been during the five years preceding the date of the this Agreement an officer, director or employee of, or a major vendor or supplier of services to, an Affiliate of the Seller or any Other CorporationCompany, (y) is not a current or former officer or employee of the Seller and (z) is not a stockholder of any Other Corporation Company or any of their respective Affiliates.

Corporate Separateness. (i) The Seller shall at all times maintain at least two one independent directors each of whom (x) director who is not currently and has not been during the five years preceding the date of the this Agreement an officer, director director, employee or employee of, or a major vendor or supplier shareholder of services to, an Affiliate of the Seller or any Other Corporation, (y) is not a current or former officer or employee of the Seller and (z) is not a stockholder of any Other Corporation or any of their respective AffiliatesCompany.

Corporate Separateness. (i) The Seller shall at At all times maintain at least two one independent directors each of whom director who (x) is not currently and has not been during the five years preceding the date of the this Agreement an officer, director or employee of, or a major vendor or supplier of services to, an Affiliate of the Seller or any Other Corporation, (y) is not a current or former officer or employee of the Seller and (z) is not a stockholder of any Other Corporation or any of their respective Affiliates.

Corporate Separateness. (i1) The Seller shall at all times maintain at least two independent directors each of whom (x) is not currently and has not been during the five years preceding the date of the Agreement an officer, director or employee of, or a major vendor or supplier of services to, an Affiliate of the Seller or any Other Corporation, (y) is not a current or former officer or employee of the Seller and (z) is not a stockholder of any Other Corporation or any of their respective Affiliates.

Corporate Separateness. (i) The Seller shall at all times maintain at least two independent directors members each of whom (x) is not currently and has not been during the five years preceding the date of the Agreement Original Closing Date an officer, director or employee of, or a major vendor or supplier of services to, an Affiliate of the Seller or any Other Corporation, (y) is not a current or former officer or employee of the Seller and (z) is not a stockholder of any Other Corporation or any of their respective Affiliates.

Corporate Separateness. (i) The Seller shall at all times maintain at least two one independent directors each of whom manager who (x) is not currently and has not been during the five years preceding the date of the Agreement an officer, director director, manager or employee of, or a major vendor or supplier of services to, an Affiliate of the Seller or any Other Corporation, (y) is not a current or former officer or employee of the Seller and (z) is (except through a mutual fund or similar pooled investment vehicle) not a stockholder or equity owner of any Other Corporation or any of their respective Affiliates.

Corporate Separateness. (i) The Seller shall at all times maintain at least two one independent directors each of whom director who (x) is not currently and has not been during the five years preceding the date of the this Agreement an officer, director or employee of, or a major vendor or supplier of services to, an Affiliate of the Seller or any Other CorporationCompany, (y) is not a current or former officer or employee of the Seller and (z) is not a stockholder of any Other Corporation Company or any of their respective Affiliates. (ii) The Seller shall not direct or participate in the management of any of the Other Companies' operations.