Common use of Agreements of Purchaser Clause in Contracts

Agreements of Purchaser. (a) The Purchaser will not commingle any of its assets with those of the Seller or the ultimate parent of the Purchaser. (b) The Purchaser will maintain separate corporate records and books of account from those of the Seller or the ultimate parent of the Purchaser. (c) The Purchaser will conduct its business from an office separate from the Seller or the ultimate parent of the Purchaser.

Appears in 16 contracts

Samples: Purchase Agreement (Mmca Auto Receivables Inc), Purchase Agreement (Mmca Auto Receivables Inc), Purchase Agreement (Mmca Auto Receivables Trust)

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Agreements of Purchaser. (a) The Purchaser will not commingle any of its assets with those of the Seller or the ultimate parent of the Purchaser. (b) The Purchaser will maintain separate corporate limited liability company records and books of account from those of the Seller or the ultimate parent of the Purchaser. (c) The Purchaser will conduct its business from an office separate from the Seller or the ultimate parent of the Purchaser.

Appears in 1 contract

Samples: Purchase Agreement (Carmax Auto Receivables LLC)

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