Common use of Except for U Clause in Contracts

Except for U. S. tax and consolidated accounting purposes, the Borrower has at all times since its formation identified itself, and will continue to identify itself, in all dealings with the public, under its own name and as a separate and distinct entity. Except for U.S. tax and consolidated accounting purposes, the Borrower has not at any time since its formation identified itself, and will not identify itself, as being a division or a part of any other entity.