Common use of Certain Intercompany Matters Clause in Contracts

Certain Intercompany Matters. The Borrower will not permit any of its Excluded Subsidiaries to (a) fail to satisfy customary formalities with respect to organization separateness, including (i) the maintenance of separate books and records and (ii) the maintenance of separate bank accounts in its own name, (b) fail to act solely in its own name and through its authorized officers and agents, (c) commingle any money or other assets of any Excluded Subsidiary with any money or other assets of the Borrower or any other Subsidiary of the Borrower, or (d) take any action, or conduct its affairs in a manner, which could reasonably be expected to result in the separate organizational existence of the Excluded Subsidiaries being ignored under any circumstance.

Certain Intercompany Matters. The Borrower will not permit any of its Excluded Subsidiaries Fail to (ai) fail to satisfy customary formalities with respect to organization organizational separateness, including including, without limitation, (ix) the maintenance of separate books and records and (iiy) the maintenance of separate bank accounts in its own name, ; (bii) fail to act solely in its own name and through its authorized officers and agents, (ciii) commingle any money or other assets of any Excluded Unrestricted Subsidiary with any money or other assets of the Borrower or any other Subsidiary of the Borrower, Restricted Subsidiaries; or (div) take any action, or conduct its affairs in a manner, which could reasonably be expected to result in the separate organizational existence of the Excluded Borrower, each Unrestricted Subsidiary and the Restricted Subsidiaries being ignored under any circumstance.

Certain Intercompany Matters. The Borrower will not permit any of its Excluded Subsidiaries to to, (a) fail to satisfy customary formalities with respect to organization separateness, including (i) the maintenance of separate books and records and (ii) the maintenance of separate bank accounts in its own name, (b) fail to act solely in its own name and through its authorized officers and agents, (c) commingle any money or other assets of any Excluded Subsidiary with any money or other assets of the Borrower or any other Subsidiary of the Borrower, or (d) take any action, or conduct its affairs in a manner, which could reasonably be expected to result in the separate organizational existence of the Excluded Subsidiaries being ignored under any circumstance.