Maintenance of Independence. Each Credit Party shall at all times (a) conduct and present itself as a separate entity and maintain all business organization formalities, (b) maintain separate books and records, (c) conduct all transactions with Affiliates (i) in accordance with the provisions of the Operative Documents, or (ii) otherwise on an arm’s length basis, and (d) not commingle its funds with funds of other Persons, including Affiliates.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp), Revolving Credit Agreement (Stone Point Credit Corp)
Maintenance of Independence. Each Credit Party shall at all times (a) conduct and present itself themselves as a separate entity entities and maintain all business organization formalities, ; (b) maintain separate books and records, ; (c) conduct all transactions with Affiliates (i) in accordance with the provisions of the Operative Documents, or (ii) otherwise on an arm’s length basis, ; and (d) not commingle its funds with funds of other Persons, including Affiliates.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Lord Abbett Private Credit Fund), Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.)
Maintenance of Independence. Each Such Credit Party shall at all times (a) conduct and present itself as a separate entity and maintain all business organization formalities, (b) maintain separate books and records, (c) conduct all transactions with Affiliates (i) in accordance with Applicable Law and with the provisions of the Operative applicable Governing Agreements and, except as expressly permitted in its Constituent Documents, or (ii) otherwise on an arm’s length basis, and (d) not commingle its funds in the Collateral Accounts with funds of other Persons, including Affiliates, except for related Capital Contributions deposited directly or indirectly into the related Collateral Account.
Appears in 1 contract
Samples: Revolving Credit Agreement (AGL Private Credit Income Fund)
Maintenance of Independence. Each Credit Party shall at all times (a) conduct and present itself themselves as a separate entity entities and maintain all business organization formalities, (b) 703041399 12410180 74 maintain separate books and records, (c) conduct all transactions with Affiliates (i) in accordance with the provisions of the Operative Documents, or (ii) otherwise on an arm’s length basis, and (d) not commingle its funds with funds of other Persons, including Affiliates.
Appears in 1 contract
Maintenance of Independence. Each Credit Party shall at all times (a) conduct and present itself as a separate entity and maintain all business organization formalities, (b) maintain separate books and records, (c) conduct all transactions with Affiliates (i) in accordance with the provisions of the Operative Documents, or (ii) otherwise on an arm’s length basis, and (d) not commingle its funds with funds of other Persons, including Affiliates.,
Appears in 1 contract
Samples: Revolving Credit Agreement (AG Twin Brook BDC, Inc.)
