Common use of Corporate Separateness Clause in Contracts

Corporate Separateness. The Borrower and each of its Subsidiaries, on the one hand, shall conduct their business and operations separate from that of each other Affiliate, on the other hand. Without limiting the generality of the foregoing, the Borrower shall not, and shall not permit any Subsidiary, to commingle funds with any Person that is not the Borrower or a Subsidiary.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Dingley Press, Inc.), Revolving Credit Agreement (Sheridan Group Inc), Revolving Credit Agreement (Sheridan Group Inc)

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Corporate Separateness. The Borrower Borrowers shall, and shall cause each of their Subsidiaries that are Loan Parties to, conduct its Subsidiaries, on the one hand, shall conduct their business and operations separate from that of each other Affiliate, on the other handAffiliate that is not a Loan Party. Without limiting the generality of the foregoing, the Borrower Borrowers shall not, and shall not permit any Subsidiaryof their Subsidiaries, to commingle funds with any Person that is not the Borrower or a SubsidiaryLoan Party.

Appears in 2 contracts

Samples: Credit Agreement (Vishay Precision Group, Inc.), Credit Agreement (Vishay Precision Group, Inc.)

Corporate Separateness. The Borrower shall, and shall cause each of its SubsidiariesSubsidiaries that are Loan Parties to, on the one hand, shall conduct their its business and operations separate from that of each other Affiliate, on the other handAffiliate that is not a Loan Party. Without limiting the generality of the foregoing, the Borrower shall not, and shall not permit any Subsidiaryof its Subsidiaries, to commingle funds with any Person that is not the Borrower or a SubsidiaryLoan Party.

Appears in 1 contract

Samples: Credit Agreement (Vishay Precision Group, Inc.)

Corporate Separateness. The Borrower shall, and shall cause each of its SubsidiariesSubsidiaries to, on the one hand, shall conduct their its business and operations separate from that of each other AffiliateAffiliate of the Borrower and its Subsidiaries (except the Borrower, on the itself and other handSubsidiaries, themselves). Without limiting the generality of the foregoing, the Borrower shall not, and shall not permit any Subsidiaryof its Subsidiaries, to commingle funds with any Person that is not the Borrower or a SubsidiarySubsidiary of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Gateway Trade Center Inc.)

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Corporate Separateness. The Borrower shall, and shall cause each of its SubsidiariesSubsidiaries to, on the one hand, shall conduct their its business and operations separate from that of each other Affiliate, on Affiliate that is not the other handBorrower or one of Borrower’s Subsidiaries. Without limiting the generality of the foregoing, the Borrower shall not, and shall not permit any Subsidiaryof its Subsidiaries, to commingle funds with any Person that is not the Borrower or a SubsidiarySubsidiary of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Vishay Precision Group, Inc.)

Corporate Separateness. The Each Borrower and each of its Foreign Subsidiaries, on the one hand, shall conduct their business and operations separate from that of each other Affiliateand their Affiliates, on the other hand. Without limiting the generality of the foregoing, the each Borrower shall not, and shall not permit any Subsidiaryof its Foreign Subsidiaries, to commingle funds with any Person that is not the a Borrower or a SubsidiarySubsidiary of a Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sl Industries Inc)

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