Common use of Maintenance of Corporate Separateness Clause in Contracts

Maintenance of Corporate Separateness. Permit any Unre- stricted Subsidiary to (a) fail to satisfy customary corporate formalities, including (i) the holding of regular board of directors' and shareholders' meetings, (ii) the maintenance of separate corporate records and (iii) the maintenance of separate bank accounts in its own name; (b) fail to act solely in its own corporate name and through its authorized officers and agents; (c) commingle any of its money or other assets with any money or other assets of any Credit Party; or (d) take any action, or conduct its affairs in a manner which is reasonably likely to result in the separate corporate existence of the Credit Parties from the Unrestricted Subsidiar- ies to be ignored or the assets and liabilities of any Unrestricted Sub- sidiary being substantively consolidated with those of any Credit Party in any bankruptcy, insolvency proceeding; or permit any Credit Party to make any payment to any creditor of any Unrestricted Subsidiary or provide any direct or indirect guarantee or other credit support for any Indebtedness or other obligations of any Unrestricted Subsidiary. 8.20.

Maintenance of Corporate Separateness. Permit any Unre- stricted Unrestricted Subsidiary to (a) fail to satisfy customary corporate formalities, including (i) the holding of regular board of directors' ’ and shareholders' ’ meetings, (ii) the maintenance of separate corporate records and (iii) the maintenance of separate bank accounts in its own name; (b) fail to act solely in its own corporate name and through its authorized officers and agents; (c) commingle any of its money or other assets with any money or other assets of any Credit Loan Party; or (d) take any action, or conduct its affairs in a manner which is reasonably likely to result in the separate corporate existence of the Credit Loan Parties from the Unrestricted Subsidiar- ies Subsidiaries to be ignored or the assets and liabilities of any Unrestricted Sub- sidiary Subsidiary being substantively consolidated with those of any Credit Loan Party in any bankruptcy, insolvency proceeding; or permit any Credit Loan Party to make any payment to any creditor of any Unrestricted Subsidiary or provide any direct or indirect guarantee or other credit support Guarantee for any Indebtedness or other obligations of any Unrestricted Subsidiary except to the extent permitted by the definition of “Unrestricted Subsidiary. 8.20”.

Maintenance of Corporate Separateness. Permit The Loan Parties shall not permit any Unre- stricted Unrestricted Subsidiary to (a) fail to satisfy customary corporate formalities, including (i) the holding of regular board of directors' and shareholders' meetings, (ii) the maintenance of separate corporate records and (iii) the maintenance of separate bank accounts in its own name; (b) fail to act solely in its own corporate name and through its authorized officers and agents; (c) commingle any of its money or other assets with any money or other assets of any Credit Loan Party; or (d) take any action, or conduct its affairs in a manner which is reasonably likely to result in the separate corporate existence of the Credit Loan Parties from the Unrestricted Subsidiar- ies Subsidiaries to be ignored or the assets and liabilities of any Unrestricted Sub- sidiary Subsidiary being substantively consolidated with those of any Credit Loan Party in any bankruptcy, insolvency proceeding; or permit any Credit Loan Party to make any payment to any creditor of any Unrestricted Subsidiary or provide any direct or indirect guarantee or other credit support for any Indebtedness or other obligations of any Unrestricted Subsidiary. 8.20.

Maintenance of Corporate Separateness. Permit any Unre- stricted Unrestricted Subsidiary to (a) fail to satisfy customary corporate formalities, including (i) the holding of regular board of directors' and shareholders' meetings, (ii) the maintenance of separate corporate records and (iii) the maintenance of separate bank accounts in its own name; (b) fail to act solely in its own corporate name and through its authorized officers and agents; (c) commingle any of its money or other assets with any money or other assets of any Credit Loan Party; or (d) take any action, or conduct its affairs in a manner which is reasonably likely to result in the separate corporate existence of the Credit Loan Parties from the Unrestricted Subsidiar- ies Subsidiaries to be ignored or the assets and liabilities of any Unrestricted Sub- sidiary Subsidiary being substantively consolidated with those of any Credit Loan Party in any bankruptcy, insolvency proceeding; or permit any Credit Loan Party to make any payment to any creditor of any Unrestricted Subsidiary or provide any direct or indirect guarantee or other credit support Guarantee for any Indebtedness or other obligations of any Unrestricted Subsidiary except to the extent permitted by the definition of "Unrestricted Subsidiary. 8.20".