Common use of Separateness Clause in Contracts

Separateness. The Lenders acknowledge and affirm (i) their reliance on the separateness of EPD, Enterprise GP, Borrower and Manager from each other and from other Persons, including EPCO, EPCO Holdings, Inc. (“Xxxxx”), Xxxxxx Family Interests, Inc. (“DFI”), DFI GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors of the Borrower, Manager, EPD or Enterprise GP have likely advanced funds to such Persons in reliance upon the separateness of the Borrower, Manager, EPD and Enterprise GP from each other and from other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iii) that each of the Borrower, Manager, EPD and Enterprise GP have assets and liabilities that are separate from those of each other and from other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and documents related hereto or thereto have not been guaranteed by Manager, Enterprise GP, EPCO, Xxxxx, DFI, DFI GP or DFI Holdings, and (v) that, except as other Persons may expressly assume or guarantee this Agreement, the Notes or any documents related hereto or thereto or any of the Loans or other obligations thereunder, the Lenders shall look solely to the Borrower and, pursuant to the EPD Guaranty Agreement, EPD, and their respective property and assets, and any property pledged as collateral with respect hereto or thereto, for the repayment of any amounts payable pursuant hereto or thereto and for satisfaction of any obligations owing to the Lenders hereunder or thereunder and that neither Enterprise GP nor Manager is personally liable to the Lenders for any amounts payable or any liability hereunder or thereunder.

Appears in 11 contracts

Samples: Day Revolving Credit Agreement (Enterprise Products Partners L P), Day Revolving Credit Agreement (Enterprise Products Partners L.P.), Day Revolving Credit Agreement (Enterprise Products Partners L.P.)

AutoNDA by SimpleDocs

Separateness. The Lenders acknowledge and affirm (i) their reliance on the separateness of EPD, Enterprise GP, Borrower and Manager from each other and from other Persons, including EPCO, EPCO Holdings, Inc. (“Xxxxx”), Xxxxxx Family Interests, Inc. (“DFI”), DFI GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors of the Borrower, Manager, EPD or Enterprise GP have likely advanced funds to such Persons in reliance upon the separateness of the Borrower, Manager, EPD and Enterprise GP from each other and from other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI HoldingsXXX Xxxxxxxx, (iiixxx) that each of the Borrower, Manager, EPD and Enterprise GP have assets and liabilities that are separate from those of each other and from other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and documents related hereto or thereto have not been guaranteed by Manager, Enterprise GP, EPCO, Xxxxx, DFI, DFI GP or DFI Holdings, and (v) that, except as other Persons may expressly assume or guarantee this Agreement, the Notes or any documents related hereto or thereto or any of the Loans or other obligations thereunder, the Lenders shall look solely to the Borrower and, pursuant to the EPD Guaranty Agreement, EPD, and their respective property and assets, and any property pledged as collateral with respect hereto or thereto, for the repayment of any amounts payable pursuant hereto or thereto and for satisfaction of any obligations owing to the Lenders hereunder or thereunder and that neither Enterprise GP nor Manager is personally liable to the Lenders for any amounts payable or any liability hereunder or thereunder.

Appears in 3 contracts

Samples: Assignment and Assumption (Enterprise Products Partners L P), Assignment and Assumption (Enterprise Products Partners L P), Assignment and Assumption (Enterprise Products Partners L.P.)

Separateness. The Lenders acknowledge and affirm (i) their reliance on the separateness as of EPD, Enterprise GP, Borrower and Manager from each other and from other Persons, including EPCO, EPCO Holdings, Inc. (“Xxxxx”), Xxxxxx Family Interests, Inc. (“DFI”), DFI GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors the date hereof of the Borrower, ManagerTEPPCO, EPD or TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise GP have likely advanced funds to such Persons in reliance upon the separateness of the Borrower, Manager, EPD and Enterprise GP from each other and from other Persons, including EPCO(ii) that the lenders and noteholders under credit agreements with Enterprise, XxxxxTEPPCO, DFITEPPCO GP, DFI ETE, ETE GP, ETP, EPE Holdings or Enterprise GP, or any one or more of them, have likely advanced funds thereunder in reliance upon the separateness of the Borrower, TEPPCO, TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise and Enterprise GP from each other and DFI Holdingsfrom other Persons, (iii) that each of the Borrower, ManagerTEPPCO, EPD TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise and Enterprise GP have assets and liabilities that are separate from those of each other and from those of other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and documents related hereto or thereto Loan Documents have not been guaranteed by ManagerEnterprise, Enterprise GP, EPCOTEPPCO, XxxxxTEPPCO GP, DFIETE, DFI GP ETE GP, ETP, EPE Holdings or DFI Holdingsany of their respective subsidiaries, and (v) that, except as other Persons may expressly assume or guarantee this Agreement, the Notes or any documents related hereto or thereto or any of the Loans Loan Documents or other obligations thereunder, the Lenders shall look solely to the Borrower and, pursuant to the EPD Guaranty Agreement, EPD, and their respective its property and assets, and any property pledged as collateral with respect hereto or theretoto the Loan Documents, for the repayment of any amounts payable pursuant hereto or thereto to the Loan Documents and for satisfaction of any obligations owing to the Lenders hereunder or thereunder under the Loan Documents and that neither none of TEPPCO, TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise, Enterprise GP nor Manager or any of their respective subsidiaries is personally liable to the Lenders for any amounts payable payable, or any liability hereunder or thereunderliability, under the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Enterprise GP Holdings L.P.), Credit Agreement (Enterprise GP Holdings L.P.)

Separateness. The Lenders acknowledge and affirm (i) their reliance on the separateness as of EPDthe date hereof of the Borrower, TEPPCO, TEPPCO GP, ETE, ETE GP, ETP, Enterprise GPGP Holdings, Borrower EOLP, the General Partner and Manager the Partnership from each other and from other Persons, including EPCO, EPCO Holdings, Inc. (“Xxxxx”), Xxxxxx Family Interests, Inc. (“DFI”), DFI GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors of the lenders and noteholders under credit agreements with the Borrower, ManagerTEPPCO, EPD or TEPPCO GP, ETE, ETE GP, ETP, Enterprise GP Holdings, EOLP, the General Partner and the Partnership have likely advanced funds to such Persons thereunder in reliance upon the separateness of the Borrower, ManagerTEPPCO, EPD and TEPPCO GP, ETE, ETE GP, ETP, Enterprise GP Holdings, EOLP, the General Partner and the Partnership from each other and from other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iii) that each of the Borrower, ManagerTEPPCO, EPD and TEPPCO GP, ETE, ETE GP, ETP, Enterprise GP Holdings, EOLP, the General Partner and the Partnership have assets and liabilities that are separate from those of each other and from those of other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and documents related hereto or thereto Loan Documents have not been guaranteed by ManagerTEPPCO, TEPPCO GP, ETE, ETE GP, ETP, Enterprise GPGP Holdings, EPCOEOLP, Xxxxx, DFI, DFI GP the Partnership or DFI Holdingsany of their respective subsidiaries, and (v) that, except as other Persons may expressly assume or guarantee this Agreement, the Notes or any documents related hereto or thereto or any of the Loans Loan Documents or other obligations thereunder, the Lenders shall look solely to the Borrower and, pursuant to the EPD Guaranty Agreement, EPD, and their respective its property and assets, and any property pledged as collateral with respect hereto or theretoto the Loan Documents, for the repayment of any amounts payable pursuant hereto or thereto to the Loan Documents and for satisfaction of any obligations owing to the Lenders hereunder or thereunder under the Loan Documents and that neither none of the General Partner, the Partnership, TEPPCO, TEPPCO GP, ETE, ETE GP, ETP, Enterprise GP nor Manager Holdings or EOLP or any of their respective subsidiaries is personally liable to the Lenders for any amounts payable or any liability hereunder or thereunderunder the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Duncan Dan L), Credit Agreement (Duncan Dan L)

Separateness. The Lenders acknowledge and affirm (i) their reliance on the separateness of EPD, Enterprise GP, Borrower Borrower, CEGP and Manager from each other and from other Persons, including EPCO, EPCO Holdings, Inc. (“Xxxxx”), Xxxxxx Family Interests, Inc. (“DFI”), DFI GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors of the Borrower, CEGP, Manager, EPD or Enterprise GP have likely advanced funds to such Persons in reliance upon the separateness of the Borrower, CEGP, Manager, EPD and Enterprise GP from each other and from other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iii) that each of the Borrower, CEGP, Manager, EPD and Enterprise GP have assets and liabilities that are separate from those of each other and from other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and documents related hereto or thereto have not been guaranteed by Manager, Enterprise GP, EPCO, Xxxxx, DFI, DFI GP or DFI Holdings, and (v) that, except as other Persons may expressly assume or guarantee this Agreement, the Notes or any documents related hereto or thereto or any of the Loans or other obligations thereunder, the Lenders shall look solely to the Borrower and CEGP, as the case may be, and, pursuant to the EPD Guaranty Agreement, EPD, and their respective property and assets, and any property pledged as collateral with respect hereto or thereto, for the repayment of any amounts payable pursuant hereto or thereto and for satisfaction of any obligations owing to the Lenders hereunder or thereunder and that neither Enterprise GP nor Manager is personally liable to the Lenders for any amounts payable or any liability hereunder or thereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Enterprise Products Partners L P)

AutoNDA by SimpleDocs

Separateness. The Lenders acknowledge and affirm (i) their reliance on the separateness of EPD, Enterprise GP, Borrower and Manager from each other and from other Persons, including EPCO, EPCO Holdings, Inc. (“XxxxxFxxxx”), Xxxxxx Dxxxxx Family Interests, Inc. (“DFI”), DFI GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors of the Borrower, Manager, EPD or Enterprise GP have likely advanced funds to such Persons in reliance upon the separateness of the Borrower, Manager, EPD and Enterprise GP from each other and from other Persons, including EPCO, XxxxxFxxxx, DFI, DFI GP and DFI Holdings, (iii) that each of the Borrower, Manager, EPD and Enterprise GP have assets and liabilities that are separate from those of each other and from other Persons, including EPCO, XxxxxFxxxx, DFI, DFI GP and DFI Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and documents related hereto or thereto have not been guaranteed by Manager, Enterprise GP, EPCO, XxxxxFxxxx, DFI, DFI GP or DFI Holdings, and (v) that, except as other Persons may expressly assume or guarantee this Agreement, the Notes or any documents related hereto or thereto or any of the Loans or other obligations thereunder, the Lenders shall look solely to the Borrower and, pursuant to the EPD Guaranty Agreement, EPD, and their respective property and assets, and any property pledged as collateral with respect hereto or thereto, for the repayment of any amounts payable pursuant hereto or thereto and for satisfaction of any obligations owing to the Lenders hereunder or thereunder and that neither Enterprise GP nor Manager is personally liable to the Lenders for any amounts payable or any liability hereunder or thereunder.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Enterprise Products Partners L.P.)

Separateness. The Term Loan B Lenders acknowledge and affirm (i) their reliance on the separateness as of EPD, Enterprise GP, Borrower and Manager from each other and from other Persons, including EPCO, EPCO Holdings, Inc. (“Xxxxx”), Xxxxxx Family Interests, Inc. (“DFI”), DFI GP Holdings L.P. (“DFI GP”) and DFI Holdings, LLC (“DFI Holdings”), (ii) that other creditors the date hereof of the Borrower, ManagerTEPPCO, EPD or TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise GP have likely advanced funds to such Persons in reliance upon the separateness of the Borrower, Manager, EPD and Enterprise GP from each other and from other Persons, including EPCO(ii) that the lenders and noteholders under credit agreements with Enterprise, XxxxxTEPPCO, DFITEPPCO GP, DFI ETE, ETE GP, ETP, EPE Holdings or Enterprise GP, or any one or more of them, have likely advanced funds thereunder in reliance upon the separateness of the Borrower, TEPPCO, TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise and Enterprise GP from each other and DFI Holdingsfrom other Persons, (iii) that each of the Borrower, ManagerTEPPCO, EPD TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise and Enterprise GP have assets and liabilities that are separate from those of each other and from those of other Persons, including EPCO, Xxxxx, DFI, DFI GP and DFI Holdings, (iv) that the Loans and other obligations owing under this Agreement, the Notes and documents related hereto or thereto Loan Documents have not been guaranteed by ManagerEnterprise, Enterprise GP, EPCOTEPPCO, XxxxxTEPPCO GP, DFIETE, DFI GP ETE GP, ETP, EPE Holdings or DFI Holdingsany of their respective subsidiaries, and (v) that, except as other Persons may expressly assume or guarantee this Agreement, the Notes or any documents related hereto or thereto or any of the Loans Loan Documents or other obligations thereunder, the Term Loan B Lenders shall look solely to the Borrower and, pursuant to the EPD Guaranty Agreement, EPD, and their respective its property and assets, and any property pledged as collateral with respect hereto or theretoto the Loan Documents, for the repayment of any amounts payable pursuant hereto or thereto to the Loan Documents and for satisfaction of any obligations owing to the Lenders hereunder or thereunder under the Loan Documents and that neither none of TEPPCO, TEPPCO GP, ETE, ETE GP, ETP, EPE Holdings, Enterprise, Enterprise GP nor Manager or any of their respective subsidiaries is personally liable to the Lenders for any amounts payable payable, or any liability hereunder or thereunderliability, under the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Enterprise GP Holdings L.P.)

Time is Money Join Law Insider Premium to draft better contracts faster.