Separateness. (a) Except as provided in the Basic Documents, the funds and other assets of the Company shall not be commingled with those of any other entity, and the Company shall maintain its accounts separate from the Member and any other Person.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (PSE&G Transition Funding II LLC), Limited Liability Company Agreement (Florida Power & Light Co), Limited Liability Company Agreement (PSE&G Transition Funding II LLC)
Separateness. (a) Except as provided in expressly permitted by the Basic Documents, the funds and other assets of the Company shall not be commingled with those of any other entity, and the Company shall maintain its own bank accounts separate from the Member and any other Person. At all times, all funds and assets of the Company shall be separately identifiable from those of the Member or any other Person.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (Centerpoint Energy Houston Electric LLC)
Separateness. (a) Except as provided in the Basic Documents, the funds and other assets of the Company shall not be commingled with those of any other entity, entity and the Company shall maintain with commercial banking institutions its own bank accounts separate from those of the Member and any other Person.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Atlantic City Electric Transition Funding LLC), Limited Liability Company Agreement (Atlantic City Electric Transition Funding LLC)
Separateness. (a) Except as provided in the Basic Documents, the The funds and other assets of the Company shall not be commingled with those of any other entity, and the Company shall maintain its accounts separate from the each Member and any other Person.
Appears in 2 contracts
Samples: Txu Us Holdings Co, Txu Corp /Tx/
Separateness. (a) Except as provided in expressly permitted by the Basic Documents, the funds and other assets of the Company shall not be commingled with those of any other entity, and the Company shall maintain its own bank accounts separate from the Member and any other Person.
Appears in 2 contracts
Samples: Limited Liability (Reliant Energy Transition Bond Co LLC), Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC)
Separateness. (a) Except as provided in the Basic Documents, the The funds and other assets of the Company shall not be commingled with those of any other entity, and the Company shall maintain its accounts separate from the each Company Member and any other Person.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Txu Energy Co LLC)
Separateness. (a) Except as provided in the Basic Documents, the The funds and other assets of the Company shall not be commingled with those of any other entity, and the Company shall maintain its accounts separate from the Member and any other Personperson or entity.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pp&l Transition Bond Co Inc)
