Common use of Consolidation with Any Other Person Clause in Contracts

Consolidation with Any Other Person. The Borrower will not operate in a manner that would result in substantive consolidation of the “estate” (as defined in Section 541(c) of the Bankruptcy Code) of the Borrower with the “estate” of any other Person, and in such connection the Borrower shall observe all corporate formalities, and maintain records separately and independently from those of any other Person.

Appears in 7 contracts

Samples: Term Loan Agreement (Trinity Industries Inc), Warehouse Loan Agreement (Trinity Industries Inc), Term Loan Agreement (Trinity Industries Inc)

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Consolidation with Any Other Person. The Borrower will not operate in a manner that would result in substantive consolidation of the “estate” (as defined in Section 541(c) of the Bankruptcy Code) of the Borrower with the “estate” of any other Person, and in such connection the Borrower shall observe all corporate formalities, and maintain records separately and independently from those of any other Person.. 95 762040188

Appears in 1 contract

Samples: Warehouse Loan Agreement (Trinity Industries Inc)

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Consolidation with Any Other Person. The Borrower will not operate in a manner that would result in substantive consolidation of the "estate" (as defined in Section 541(c) of the Bankruptcy Code) of the Borrower with the "estate" of any other Person, and in such connection the Borrower shall observe all corporate formalities, and maintain records separately and independently from those of any other Person.

Appears in 1 contract

Samples: Warehouse Loan Agreement (Trinity Industries Inc)

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