Separate Entity. The Issuer shall take all reasonable steps to continue its identity as a separate legal entity and to make it apparent to third parties that it is an entity with assets and liabilities distinct from those of the Transferor and the Seller, other affiliates or any other Person.
Appears in 5 contracts
Samples: Indenture (Monongahela Power Co /Oh/), Indenture (PE Environmental Funding LLC), Indenture (MP Environmental Funding LLC)
Separate Entity. The Issuer shall take all reasonable steps to continue its identity as a separate legal entity and to make it apparent to third parties persons that it is an entity with assets and liabilities distinct from those of the Transferor and the Seller, other affiliates Affiliates or any other PersonPersons.
Appears in 2 contracts
Samples: Indenture (Atlantic City Electric Transition Funding LLC), Sale Agreement, Servicing Agreement (Atlantic City Electric Transition Funding LLC)
Separate Entity. The Issuer shall take all reasonable steps to continue its identity as a separate legal entity and to make it apparent to third parties persons that it is an entity with assets and liabilities distinct from those of the Transferor and the Seller, other affiliates or any other Person.
Appears in 1 contract
Samples: Indenture (West Penn Funding LLC)
Separate Entity. The Issuer shall take all reasonable steps to continue its identity as a separate legal entity and to make it apparent to third parties persons that it is an entity with assets and liabilities distinct from those of the Transferor and the Seller, other affiliates or any other Person, and that, except for financial reporting purposes (to the extent required by generally accepted accounting principles) and for state and Federal income and franchise tax purposes, it is not a division of the Transferor, the Seller or any of its affiliated entities or any other Person.
Appears in 1 contract
