Common use of Limited Liability and Bankruptcy Remoteness Clause in Contracts

Limited Liability and Bankruptcy Remoteness. Without limiting the generality of Section 2.8, the Company will be operated in such a manner as the Administrator and the officers of the Company deem reasonable and necessary or appropriate to preserve (a) the limited liability of the Holders and the Member and their respective Affiliates, (b) the separateness of the Company from the respective businesses of the Holders and the Member and their respective Affiliates and (c) until the expiration of the period of one year and one day after the payment in full of all Securities, the bankruptcy-remote status of the Company.

Limited Liability and Bankruptcy Remoteness. Without limiting the generality The activities and affairs of Section 2.8, the Company will be operated in such a manner as the Administrator Board and the officers of the Company Authorized Officers deem reasonable and necessary or appropriate to preserve (ai) the limited liability of the Holders and the Member and their respective its Affiliates, (bii) the separateness of the Company from the respective businesses business of the Holders and the Member and their respective its Affiliates and (ciii) until the expiration of the period of one year and one day after the payment in full of all Securities, distributions to all Holders and Registered Pledgees the bankruptcy-remote status of the Company.

Limited Liability and Bankruptcy Remoteness. Without limiting the generality of Section 2.82.09, the Company will shall be operated in such a manner as the Administrator and the officers of the Company Managers deem reasonable and necessary or appropriate to preserve (a) the limited liability of Consumers (or its successor) as the Holders Member in the Company and the Member and their respective Affiliateslimited liability of the Special Members, (b) the separateness of the Company from the respective businesses business of Consumers (or its successor), as the Member of the Holders and the Member and their respective Affiliates Company, or any other Affiliate thereof and (c) until the expiration of the period of one year and one day after the payment specified in full of all SecuritiesSection 9.05, the bankruptcy-remote status of the Company.

Limited Liability and Bankruptcy Remoteness. Without limiting the generality of Section 2.82.09, the Company will shall be operated in such a manner as the Administrator and the officers of the Company Managers deem reasonable and necessary or appropriate to preserve (a) the limited liability of ACE (or its successor) as the Holders Member in the Company and the Member and their respective Affiliateslimited liability of the Special Members, (b) the separateness of the Company from the respective businesses business of ACE (or its successor), as the Member of the Holders and the Member and their respective Affiliates Company, or any other Affiliate thereof and (c) until the expiration of the period of one year and one day after the payment specified in full of all SecuritiesSection 9.05, the bankruptcy-remote status of the Company.

Limited Liability and Bankruptcy Remoteness. Without limiting the generality The activities and affairs of Section 2.8, the Company will be operated in such a manner as the Administrator Board and the officers of the Company Authorized Officers deem reasonable and necessary or appropriate to preserve (a) the limited liability of the Holders and the Member and their respective its Affiliates, (b) the separateness of the Company from the respective businesses business of the Holders and the Member and their respective its Affiliates and (c) until the expiration of the period of one year and one day after the payment in full of all Securitiesdistributions to all Holders, Registered Pledgees and Titling Company Noteholders, the bankruptcy-remote status of the Company.

Limited Liability and Bankruptcy Remoteness. Without limiting the generality The activities and affairs of Section 2.8, the Company will be operated in such a manner as the Administrator Board and the officers of the Company Authorized Officers deem reasonable and necessary or appropriate to preserve (ai) the limited liability of the Holders and the Member and their respective its Affiliates, (bii) the separateness of the Company from the respective businesses business of the Holders and the Member and their respective its Affiliates and (ciii) until the expiration of the period of one year and one day after the payment in full of all Securitiesdistributions to all Holders, the bankruptcy-remote status of the Company.

Limited Liability and Bankruptcy Remoteness. Without limiting the generality The activities and affairs of Section 2.8, the Company will be operated in such a manner as the Administrator Board and the officers of the Company Authorized Officers deem reasonable and necessary or appropriate to preserve (ai) the limited liability of the Holders and the Member and their respective its Affiliates, (bii) the separateness of the Company from the respective businesses business of the Holders and the Member and their respective its Affiliates and (ciii) until the expiration of the period of one year and one day after the payment in full of all Securitiesdistributions to all Holders, Registered Pledgees and Exchange Noteholders, the bankruptcy-remote status of the Company.

Limited Liability and Bankruptcy Remoteness. Without limiting the generality of Section 2.8, the Company will shall be operated in such a manner as the Administrator and the officers of the Company Managers deem reasonable and necessary or appropriate to preserve (a) the limited liability of FPL (or its successor) as the Holders Member in the Company and the Member and their respective Affiliateslimited liability of the Special Member, (b) the separateness of the Company from the respective businesses business of FPL (or its successor), as the Member of the Holders and the Member and their respective Affiliates Company, or any other Affiliate thereof and (c) until the expiration of the period of one year and one day after the payment specified in full of all SecuritiesSection 9.5, the bankruptcy-remote status of the Company.