Maintenance of Separate Business Sample Clauses

Maintenance of Separate Business. BOX Options shall at all times: (a) to the extent that any of BOX Options’ offices are located in the offices of an Affiliate, pay fair market rent for its office space located therein; (b) maintain BOX Options’ books, financial statements, accounting records and other limited liability company documents and records separate from those of any Affiliate or any other Person; (c) not commingle BOX Options’ assets with those of any Affiliate or any other Person;
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Maintenance of Separate Business. (a) The Company shall at all times (i) maintain the Company’s books, financial statements, accounting records and other limited liability company documents and records separate from those of any of its Affiliates or any oth er Person, (ii) not commingle the Company’s assets with those of any of its Affiliates or any other Person, (i ii) maintain the Company’s account, bank accounts, and payroll separate from those of any of its Affiliates,
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Maintenance of Separate Business. The Exchange shall at all times: (a) maintain the Exchange’s books, financial statements, accounting records and other limited liability company documents and records separate from those of any Affiliate or any other Person; (b) not commingle the Exchange’s assets with those of any Affiliate or any other Person; (c) maintain the Exchange’s books of account, bank accounts and payroll separate from those of any Affiliate; and (d) act solely in its name and through its own authorized agents, and in all respects hold itself out as a legal entity separate and distinct from any other Person. The Exchange shall abide by all LLC Act formalities, including the maintenance of current records of the Exchange affairs, and the Exchange shall cause its financial statements to be prepared in accordance with generally accepted accounting principles in a manner that indicates the separate existence of the Exchange. The Exchange shall pay all its liabilities and shall not assume or guarantee the liabilities of any Affiliate unless approved by the affirmative vote of Members holding a majority of the Voting Percentage Interest.
Sample 1
Maintenance of Separate Business. (a) The Company shall at all times (i) to the extent that any of the Company’s offices are located in the offices of one of its Affiliates, pay fair market rent for its office space located therein, (ii) maintain the Company’s books, financial statements, accounting records and other limited liability company documents and records separate from those of any of its Affiliates or any other Person, (iii) not commingle the Company’s assets with those of any of its Affiliates or any other Person, (iv) maintain the Company’s account, bank accounts, and payroll separate from those of any of its Affiliates, (v) act solely in its name and through its own authorized agents, and in all respects hold itself out as a legal entity separate and distinct from any other Person, (vi) make investments directly or by brokers engaged and paid by the Company and its agents, (vii) manage the Company’s liabilities separately from those of any of its Affiliates and pay its own liabilities, including all administrative expenses and compensation to employees, consultants or agents, and all operating expenses, from its own separate assets, except that an Affiliate of the Company may pay the organizational expenses of the Company; provided, however, the foregoing shall not require any Member to make any Additional Capital Contribution; and (viii) pay from the Company’s assets all obligations and indebtedness of any kind incurred by the Company; provided, however, the foregoing shall not require any Member to make any Additional Capital Contribution. The Company shall abide by all Act formalities, including the maintenance of current records of the Company’s affairs, and the Company shall cause its financial statements to be prepared in accordance with generally accepted accounting principles in a manner that indicates the separate existence of the Company. The Company shall
Sample 1
Maintenance of Separate Business. The Partnership shall at all times (a) maintain the Partnership's books, financial statements, accounting records and other corporate documents and records separate from those of any Affiliate or any other entity, (b) maintain the Partnership's books of account, bank accounts and payroll separate from those of any Affiliate, (c) act solely in its name and through its own authorized officers and agents; and in all respects hold itself out as a legal entity separate and distinct from any other entity, (d) separately manage the Partnership's liabilities from those of any Affiliate and pay its own liabilities, including all administrative expenses and compensation to employees, consultants or agents, and all operating expenses, from its own separate assets, and (e) pay from the Partnership's assets all obligations and indebtedness of any kind incurred by the Partnership. To the extent the Partnership's office is located in the offices of an Affiliate, an Affiliate supplies administrative support services to the Partnership or employees of an Affiliate working on Partnership matters, the Partnership shall pay and reimburse the Affiliate for the fair market value of the office space, administrative support services, and/or personnel supplied by the Affiliate. The Partnership shall abide by all partnership formalities, including the maintenance of current records of Partnership affairs, and the Partnership shall cause its financial statements to be prepared in accordance with generally accepted accounting principles in a manner that indicates the separate existence of the Partnership and its assets and liabilities. The Partnership shall not (i) assume the liabilities of any Affiliate or any other entity, (ii) guarantee the liabilities of any Affiliate or any other entity, and (iii) hold its credit out as being available to satisfy the obligations of any Affiliate or other entity, except the Partnership. The General Partner of the Partnership shall make decisions with respect to the business and daily operations of Partnership independent of and not dictated by any Affiliate.
Sample 1
Maintenance of Separate Business. The Company shall at ---------------------------------- all times (a) allocate fairly and reasonably any overhead expenses that are shared with any Affiliate, including paying for office space and services performed by any employee of an Affiliate, (b) maintain its books, financial statements, accounting records and other corporate documents and records separate from those of any Affiliate or any other entity, (c) not commingle its assets with those of any Affiliate or other entity, (d) maintain its books of account, bank accounts and payroll separate from those of any Affiliate or any other entity, (e) act solely in its own name and through its own authorized officers and agents and in all respects hold itself out as a legal entity separate and distinct from its Members and any other entity, (f) maintain an arm's-length relationship with each Affiliate and enter into all transactions with any Affiliate only upon a commercially reasonable basis, (g) separately manage the Company's liabilities from those of its Members and all other- Affiliates and pay its own liabilities, including all administrative expenses and compensation to employees, consultants or agents, and all operating expenses, from its own separate assets, except that a Member or other Affiliate, pursuant to management arrangements, may pay the organizational expenses of the Company and maintain a sufficient number of employees in light of the Company's contemplated business operations, (h) not acquire obligations or securities of the Company's Members or Affiliates, (i) use separate stationery, invoices and checks bearing its own name, (j) not pledge the Company's assets for the benefit of any other person or entity, or make any loans or advances to any other entity, or buy or hold evidence of indebtedness issued by any other person or entity (except for cash and - investment grade securities), (k) correct any known misunderstanding regarding the Company's separate identity, and (1) maintain adequate capital in light of its contemplated business operations. The Company shall abide by all organizational formalities, including the maintenance of current minute books, and the Company shall cause its financial statements to be prepared separate from any Affiliate in accordance, with generally accepted accounting principles in a manner that indicates the separate existence of the Company and its assets and liabilities, The Company shall (i) pay all its liabilities, and (ii) not assume or guaranty,...
Sample 1
Maintenance of Separate Business. The Company shall at all times (a) maintain the Company's books, financial statements, accounting records and other Company documents and records separate from those of an Affiliate or any other Person, (b) not commingle the Company's assets with those of any Affiliate or any other Person, (c) maintain the Company's books of account, bank accounts and payroll separate from those of any Affiliate, (d) act solely in its name and through its own authorized agents, and in all respects hold itself out as a legal entity separate and distinct from any other Person, (e) make investments directly or by brokers engaged and paid by the Company or its agents (provided that if any agent is an Affiliate of the Company, such agent shall be compensated at a fair market rate for its services), (f) manage the Company's liabilities separately from those of any Affiliate and pay the Company's own liabilities, including all administrative expenses and compensation to employees, consultants or agents, and all operating expenses, from its own separate assets, except that an Affiliate may pay (or contribute funds to the Company to effect the Company's payment of) the organizational expenses of the Company, and (g) pay from -------- * Confidential treatment has been requested for this portion of Exhibit 10.1.
Sample 1
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Maintenance of Separate Business. The Company shall at all times (a) maintain the Company's books, financial statements, accounting records and other Company documents and records separate from those of an Affiliate or any other Person, (b) not commingle the Company's assets with those of any Affiliate or any other Person, (c) maintain the Company's books of account, bank accounts and payroll separate from those of any Affiliate, (d) act solely in its name and through its own authorized agents, and in all respects hold itself out as a legal entity separate and distinct from any other Person, (e) make investments directly or by brokers engaged and paid by the Company or its agents (provided that if any agent is an Affiliate of the Company, such agent shall be compensated at a fair market rate for its services), (f) manage the Company's liabilities separately from those of any Affiliate and pay the Company's own liabilities, including all administrative expenses and compensation to employees, consultants or agents, and all operating expenses, from its own separate assets, except that an Affiliate may pay (or contribute funds to the Company to effect the Company's payment of) the organizational expenses of the Company, and (g) pay from -26- 27 the Company's assets all obligations and indebtedness of any kind incurred by the Company. The Company shall abide by all limited liability company formalities as required under the Delaware Act, including the maintenance of current records of Company affairs, and the Company shall cause its financial statements to be prepared in accordance with generally accepted accounting principles (except to the extent such principles are inconsistent with Section 9.6) in a manner that indicates the separate existence of the Company. The Company shall (i) pay all its liabilities, and (ii) not assume the liabilities of any Affiliate.
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Related to Maintenance of Separate Business

  • Operation and Maintenance of Properties The Borrower, at its own expense, will, and will cause each Subsidiary to:

  • Operation and Maintenance 17.1 O&M obligations of the Concessionaire

  • Information Systems Acquisition Development and Maintenance Security of System Files. To protect City Information Processing Systems and system files containing information, Service Provider will ensure that access to source code is restricted to authorized users whose specific job function necessitates such access.

  • Maintenance of Company Separateness The Borrower will, and will cause each of its Subsidiaries to, satisfy customary Company formalities, including the holding of regular board of directors’ and shareholders’ meetings or action by directors or shareholders without a meeting and the maintenance of Company records. Neither the Borrower nor any other Credit Party shall make any payment to a creditor of any Non-Guarantor Subsidiary in respect of any liability of any Non-Guarantor Subsidiary, and no bank account of any Non-Guarantor Subsidiary shall be commingled with any bank account of the Borrower or any other Credit Party. Any financial statements distributed to any creditors of any Non-Guarantor Subsidiary shall clearly establish or indicate the corporate separateness of such Non-Guarantor Subsidiary from the Borrower and its other Subsidiaries. Finally, neither the Borrower nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the Company existence of the Borrower, any Subsidiary Guarantor or any Non-Guarantor Subsidiaries being ignored, or in the assets and liabilities of the Borrower or any other Credit Party being substantively consolidated with those of any other such Person or any Non-Guarantor Subsidiary in a bankruptcy, reorganization or other insolvency proceeding.

  • Installation and Maintenance of Meters The Servicer shall cause to be installed, replaced and maintained meters in accordance with the Servicer Policies and Practices.

  • OPERATION AND MAINTENANCE OF COMMON AREAS During the Term, Landlord shall operate all Common Areas within the Building and the Project. The term “Common Areas” shall mean all areas within the Building, Project and other buildings in the Project which are not held for exclusive use by persons entitled to occupy space.

  • Maintenance of Business Each of the Parent and the Borrower shall, and shall cause each Subsidiary to, preserve and maintain its existence, except as otherwise provided in Section 8.10(c) hereof. Each of the Parent and the Borrower shall, and shall cause each Subsidiary to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect.

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including:

  • Maintenance of the Property Neither Broker nor Brokerage Firm is responsible for maintenance of the 324 Property nor are they liable for damage of any kind occurring to the Property, unless such damage is caused by their negligence or 325 intentional misconduct.

  • Repairs; Maintenance and Compliance Borrower shall at all times maintain, preserve and protect all franchises and trade names, and Borrower shall cause the Property to be maintained in a good and safe condition and repair and shall not remove, demolish or alter the Improvements or Equipment (except for alterations performed in accordance with Section 5.4.2 below and normal replacement of Equipment with Equipment of equivalent value and functionality). Borrower shall promptly comply with all Legal Requirements and immediately cure properly any violation of a Legal Requirement. Borrower shall notify Lender in writing within two (2) Business Days after Borrower first receives notice of any such non-compliance. Borrower shall promptly repair, replace or rebuild any part of the Property that becomes damaged, worn or dilapidated and shall complete and pay for any Improvements at any time in the process of construction or repair.

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