Examples of Xxxxx Parties in a sentence
Promptly after the occurrence thereof, notice of any material adverse change in the business, operations, property or financial condition of (x) the Xxxxx Parties, taken as a whole or (y) any Borrower.
Each Borrower will strictly observe limited liability company formalities in its dealings any other Xxxxx Party or any Affiliates thereof, and funds or other assets of the Borrowers will not be commingled with those of the other Xxxxx Parties or any Affiliates thereof except as permitted by this Agreement in connection with servicing the Pool Receivables.
This Agreement shall inure solely to the benefit of, and shall be binding upon, the Agent, the Xxxxx Parties and their respective successors and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Agreement or any provision herein contained.
The Xxxxx Parties shall be entitled to act and rely on any request, notice, consent, waiver or agreement purportedly given on behalf of the Agent when the same shall have been given by the undersigned.
Each Borrower’s books and records will be maintained separately from those of the other Xxxxx Parties and any of their Affiliates and in a manner such that it will not be difficult or costly to segregate, ascertain or otherwise identify the assets and liabilities of such Borrower.