INTERNAL AFFAIRS. The Company shall insure at all times that (a) it maintains separate records and books of account from those of NMAC, and (b) except as permitted by contract between the Company and NMAC with respect to deposits in certain accounts of collections of receivables of NMAC's that were not sold to the Company pursuant to an agreement between them, which will be promptly remitted to the owner thereof, none of the Company's assets will be commingled with those of NMAC or any of its affiliates.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Nissan Auto Lease Trust 2013-A), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Lease Trust 2012-A)
INTERNAL AFFAIRS. The Company shall insure at all times that (a) it maintains separate records and books of account from those of NMAC, and (b) except as permitted by contract between the Company and NMAC with respect to deposits in certain accounts of collections of receivables of NMAC's ’s that were not sold to the Company pursuant to an agreement between them, which will be promptly remitted to the owner thereof, none of the Company's ’s assets will be commingled with those of NMAC or any of its affiliates.. ARTICLE FIVE
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan-Infiniti Lt), Limited Liability Company Agreement (Nissan-Infiniti Lt)
