Maintenance of Separateness. The Manager covenants that, except as otherwise contemplated by the Transaction Documents:
Maintenance of Separateness. Borrower shall:
Maintenance of Separateness. The Borrower will, and will cause each other Loan Party to, shall observe organizational formalities and keep books and records separate from MPC and the other MPC Companies.
Maintenance of Separateness. Each Loan Party shall observe organizational formalities and keep books and records separate from MPC.
Maintenance of Separateness. Contributor covenants that:
Maintenance of Separateness. (a) (i) Maintain books and records separate from those of any other Person, including any Sunoco, Inc. Affiliate;
Maintenance of Separateness. Parent will, and will cause each of its Subsidiaries to, satisfy customary corporate formalities including the holding of regular board of directors' and shareholders' meetings and the maintenance of corporate offices and records. None of the Borrower nor any of its Subsidiaries shall, except as otherwise expressly permitted by this Agreement, make any payment to a creditor of Parent, Holdings or any Non- Controlled Entity in respect of any liability of Parent, Holdings or such Non-Controlled Entity which is not a liability of the Borrower or such Subsidiary, and no bank account of Parent, Holdings or any Non-Controlled Entity shall be commingled with any bank account of the Borrower or any of its Subsidiaries. Any financial statements distributed to any creditors of Parent or Holdings shall, to the extent permitted by GAAP, clearly establish the corporate separateness of Parent, Holdings and each Non-Controlled Entity from the Borrower and its Subsidiaries. Neither Parent nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the corporate existence of Parent, Holdings or any Non-Controlled Entity being ignored, or in the assets and liabilities of the Borrower or any of its Subsidiaries being substantively consolidated with those of Parent, Holdings or any Non- Controlled Entity in a bankruptcy, reorganization or other insolvency proceeding.
Maintenance of Separateness. Satisfy customary corporate formalities including the holding of regular board of directors’ and shareholders’ meetings and the maintenance of corporate offices and records. None of the Borrower nor any of its Subsidiaries shall make any payment to a creditor of any Joint Venture in respect of any liability of any Joint Venture which is not a liability of the Borrower or such Subsidiary (other than Guarantee Obligations by the Borrower or any Subsidiary of the obligations of Joint Ventures permitted hereunder), and no bank account of any Joint Venture shall be commingled with any bank account of the Borrower or any of its Subsidiaries. Any financial statements distributed to any creditors of any Joint Venture shall, to the extent permitted by GAAP, clearly establish the corporate separateness of such Joint Venture from the Borrower and its Subsidiaries. Finally, neither the Borrower nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which could result in the assets and liabilities of the Borrower or any of its Subsidiaries being substantively consolidated with those of any Joint Venture in a bankruptcy, reorganization or other insolvency proceeding.
Maintenance of Separateness. Holdings will, and will cause each of its Subsidiaries to, satisfy customary corporate formalities including the holding of regular board of directors' and shareholders' meetings and the maintenance of corporate offices and records. None of the Borrower nor any of its Subsidiaries shall make any payment to a creditor of Holdings in respect of any liability of Holdings which is not a liability of the Borrower or such Subsidiary, and no bank account of Holdings shall be commingled with any bank account of the Borrower or any of its Subsidiaries. Any financial statements distributed to any creditors of Holdings shall, to the extent permitted by GAAP, clearly establish the corporate separateness of Holdings from the Borrower and its Subsidiaries. Finally, neither Holdings nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the corporate existence of Holdings being ignored, or in the assets and liabilities of the Borrower or any of its Subsidiaries being substantively consolidated with those of Holdings in a bankruptcy, reorganization or other insolvency proceeding.
Maintenance of Separateness. (i) The Borrower will:
