Common use of Corporate Separateness Clause in Contracts

Corporate Separateness. The capital of such Seller is adequate for the respective business and undertakings of such Seller. Other than as provided in this Agreement, the other Transaction Documents and the Seller’s Governing Documents, such Seller is not engaged in any business transactions with any of its Affiliates other than transactions in the ordinary course of its business on an “arms-length” basis. The funds and assets of such Seller are not, and will not be, commingled with the funds of any other Person.

Appears in 5 contracts

Samples: Master Repurchase Agreement (Angel Oak Mortgage REIT, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage REIT, Inc.)

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Corporate Separateness. (i) The capital of such Seller is adequate for the respective business businesses and undertakings of such Seller. . (ii) Other than as provided in this Agreement, Agreement and the other Transaction Documents and the Seller’s Governing Program Documents, such Seller is not engaged in any business transactions with any of its Affiliates other than transactions in the ordinary course of its business business, conducted in a commercially reasonable manner and on an “arms-"arm's length" basis. . (iii) The funds and assets of such Seller are not, not and will not be, commingled with the funds of any other Person.

Appears in 1 contract

Samples: Master Repurchase Agreement (Chimera Investment Corp)

Corporate Separateness. The capital of such Seller is adequate for the respective business and undertakings of such Seller. Other than as provided in this Agreement, Agreement and the other Transaction Documents and the Seller’s Governing Program Documents, such Loan Seller is not engaged in any business transactions with Guarantor or any of its Affiliates other than transactions in the ordinary course of its business on an “arms-length” basis. The funds and assets of such Loan Seller are not, and will not be, commingled with the funds of any other Personperson.

Appears in 1 contract

Samples: Master Repurchase Agreement (Spirit Finance Corp)

Corporate Separateness. (i) The capital of such Seller is adequate for the respective business and undertakings of such Seller. . (ii) Other than as provided in this Agreement, Agreement and the other Transaction Documents and the Seller’s Governing Program Documents, such Seller is not engaged in any business transactions with any of its Affiliates other than transactions in the ordinary course of its business on an “arms-length” basis. . (iii) The funds and assets of such Seller are not, is not and will not be, commingled with the funds of any other Person.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

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Corporate Separateness. The capital of such Seller is adequate for the respective business and undertakings of such Seller. Other than as provided in this AgreementAgreement and, the other Transaction Documents and the Seller’s Governing Documents, such Seller is not engaged in any business transactions with any of its Affiliates other than transactions in the ordinary course of its business on an “arms-length” basis. The funds and assets of such Seller are not, and will not be, commingled with the funds of any other Person.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

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