Common use of Miscellaneous Business Covenants Clause in Contracts

Miscellaneous Business Covenants. Unless otherwise consented to by the Administrative Agent or Majority Lenders, each Restricted Person will: (i) maintain entity records and books of account separate from those of any other entity, including ETP or any of its subsidiaries, which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity, including ETP or any of its subsidiaries, which is an Affiliate of such entity; and (iii) provide that the board of directors or other analogous governing body of the General Partner will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities, including ETP and its subsidiaries.

Miscellaneous Business Covenants. Unless otherwise consented to by the Administrative Agent or Majority Requisite Lenders, each Restricted Person will: (i) maintain entity records and books of account separate from those of any other entity, including ETP or any of its subsidiariesSubsidiaries, which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity, including ETP or any of its subsidiariesSubsidiaries, which is an Affiliate of such entity; and (iii) provide that the board of directors or other analogous governing body of the General Partner Company GP will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities, including ETP and its subsidiariesSubsidiaries.