Common use of Separate Legal Entity Clause in Contracts

Separate Legal Entity. Notwithstanding anything to the contrary in this Agreement or in any other document governing the Company, the Company shall be operated in such a manner that it would not be substantively consolidated in the estate of any Person in the event of a bankruptcy or insolvency of such Person, and in such regard the Company shall:

Appears in 3 contracts

Samples: Limited Liability Company Agreement (New Mountain Finance Corp), Limited Liability Company Agreement (New Mountain Finance Corp), Limited Liability Company Agreement (New Mountain Finance Corp)

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Separate Legal Entity. Notwithstanding anything to the contrary in this Agreement or in any other document governing the Company, the Company shall be operated in such a manner that it would not be substantively consolidated in the estate of any Person in the event of a bankruptcy or insolvency of such Person, Person and in such regard regard, the Company shall:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (New Mountain Finance Corp), Limited Liability Company Agreement (New Mountain Finance Holdings, L.L.C.)

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