Common use of Separateness Requirements Clause in Contracts

Separateness Requirements. SECTION 11.01. So long as any indebtedness is outstanding under the Loan Documents, the Company will -- (a) maintain records and books of account separate from those of any other Person; (b) maintain financial statements separate from those of any other Person (except that the Company may be included in consolidated financial statements of another Person where required by GAAP); (c) except for certain overhead and transaction costs that are allocated on a reasonable basis among the Company and certain of its Affiliates, pay its own liabilities from its own funds and pay the salaries of its own employees, if any; (d) participate in the fair and reasonable allocation of any and all overhead expenses and other common expenses for facilities, goods, or services provided to multiple entities;