Common use of Maintenance of Company Separateness Clause in Contracts

Maintenance of Company Separateness. The Partnership will, and will cause each of its Subsidiaries to, satisfy customary corporate or other organizational formalities, including, as applicable, the holding of regular board of directors’ and shareholders’ meetings or action by directors or shareholders without a meeting (or other legal equivalents thereof) and the maintenance of offices, books and records. Neither the Partnership nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which could reasonably be expected to result in the separate legal existence of the Partnership or any of its Subsidiaries being ignored, or in the assets and liabilities of the Partnership or any of its Subsidiaries being substantively consolidated with those of any other such Person in a bankruptcy, reorganization or other insolvency proceeding.

Maintenance of Company Separateness. The Partnership Holdings will, and will cause each of its Subsidiaries to, satisfy customary corporate or other organizational company formalities, including, as applicable, (i) the holding of regular board of directors’ and shareholders’ meetings or action by directors or shareholders without a meeting meeting, (or other legal equivalents thereofii) and the maintenance of offices, books separate company offices and recordsrecords and (iii) the maintenance of separate bank accounts in its own name. Neither the Partnership Holdings nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which could reasonably be expected is likely to result in the separate legal company existence of the Partnership Holdings or any of its Subsidiaries being ignored, or in the assets and liabilities of the Partnership Holdings or any of its Subsidiaries being substantively consolidated with those of any other such Person in a bankruptcy, reorganization or other insolvency proceeding.