Common use of Maintenance of Corporate Separateness Clause in Contracts

Maintenance of Corporate Separateness. The Borrower shall, and shall cause each of its Subsidiaries to, satisfy customary corporate formalities, including the holding of regular board of directors’ and shareholders’ meetings or action by directors or shareholders without a meeting and the maintenance of corporate records. None of the Borrower or any of its Subsidiaries shall conduct its or their affairs in a manner which is reasonably likely to result in the corporate or other existence of the Borrower or any of its Subsidiaries being ignored, or in the assets and liabilities of the Borrower 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 Corporate Separateness. The Holdings and the Borrower shallwill, and shall will cause each of its their respective Subsidiaries to, satisfy customary corporate formalities, including the holding of regular board of directors’ ' and shareholders’ ' meetings or action by directors or shareholders without a meeting and the maintenance of corporate offices and records. None of the Borrower or Neither Holdings nor any of its Subsidiaries shall take any action, or conduct its or their affairs in a manner manner, which is reasonably likely to result in the corporate or other existence of the Borrower Holdings or any of its Subsidiaries being ignored, or in the assets and liabilities of the Borrower Holdings 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 Corporate Separateness. The Holdings and the Borrower shallwill, and shall the Borrower will cause each of its Subsidiaries to, satisfy in all material respects customary corporate formalities, including the holding of regular board of directors’ and shareholders’ meetings or action by directors or shareholders without a meeting and the maintenance of corporate offices and records. None of the Borrower or Neither Holdings nor any of its Subsidiaries shall will take any action, or conduct its or their affairs in a manner manner, which is reasonably likely to result in the corporate or other existence of the Borrower Holdings or any of its Subsidiaries being ignored, or in the assets and liabilities of the Borrower Holdings 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 Corporate Separateness. The Borrower shallwill, and shall will cause each of its Subsidiaries to, satisfy customary corporate formalities, including the holding of regular board of directors’ ' and shareholders’ ' meetings or action by directors or shareholders without a meeting and the maintenance of corporate offices and records. None of Neither the Borrower or nor any of its Subsidiaries shall take any action, or conduct its or their affairs in a manner manner, which is reasonably likely to result in the corporate or other existence of the Borrower or any of its Subsidiaries being ignored, or in the assets and liabilities of the Borrower 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 Corporate Separateness. The Borrower shallwill, and shall will cause each of its Subsidiaries to, satisfy in all material respects customary corporate formalities, including the holding of regular board of directors’ ' and shareholders’ ' meetings or action by directors or shareholders without a meeting and the maintenance of corporate offices and records. None of Neither the Borrower or nor any of its Subsidiaries shall take any action, or conduct its or their affairs in a manner manner, which is reasonably likely to result in the corporate or other existence of the Borrower or any of its Subsidiaries being ignored, or in the assets and liabilities of the Borrower 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 Corporate Separateness. The Borrower shallwill, and shall will cause each of its Subsidiaries to, satisfy customary corporate formalities, including the holding of regular board of directors’ and shareholders’ meetings or action by directors or shareholders without a meeting and the maintenance of corporate records. None of Furthermore, neither the Borrower or nor any of its Subsidiaries shall take any action, or conduct its or their affairs in a manner manner, which is reasonably likely to result in the corporate or other existence of the Borrower or any Subsidiary of its Subsidiaries the Borrower being ignored, or in the assets and liabilities of the Borrower or any Subsidiary of its Subsidiaries the Borrower being substantively consolidated with those of any other such Person in a bankruptcy, reorganization or other insolvency proceeding.

Maintenance of Corporate Separateness. The Borrower shallwill, and shall will cause each of its Subsidiaries to, satisfy in all material respects customary corporate formalities, including the holding of regular board of directors’ ' and shareholders’ ' meetings or action by directors or shareholders without a meeting and the maintenance of corporate offices and records. None of Neither the Borrower or nor any of its Subsidiaries shall will take any action, or conduct its or their affairs in a manner manner, which is reasonably likely to result in the corporate or other existence of the Borrower or any of its Subsidiaries being ignored, or in the assets and liabilities of the Borrower or any of its Subsidiaries being substantively consolidated with one another or with those of any other such Person in a bankruptcy, reorganization or other insolvency proceeding.