Non-Consolidation. Each of the Loan Parties will: (a) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such Loan Party; (b) not commingle its funds or assets with those of any other entity which is an Affiliate of such Loan Party; and (c) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity actions, which meetings will be separate from those of other Loan Parties.
Appears in 5 contracts
Samples: Credit Agreement (Alamosa Holdings Inc), Credit Agreement (Alamosa PCS Holdings Inc), Credit Agreement (Alamosa PCS Holdings Inc)
Non-Consolidation. Each of the The Borrowers will, and will cause each other Loan Parties willParty to: (a) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such Loan Party; (b) not commingle its funds or assets with those of any other entity which is an Affiliate of such Loan Party; and (c) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity actions, which meetings will be separate from those of other Loan Parties.
Appears in 2 contracts
Samples: Credit Agreement (Oao Technology Solutions Inc), Credit Agreement (Oao Technology Solutions Inc)
Non-Consolidation. Each The Borrower will, and will cause each of the other Loan Parties will: to:
(a) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such Loan Party; (b) not commingle its funds or assets with those of any other entity which is an Affiliate of such Loan Party; and (c) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity actions, which meetings will be separate from those of other Loan Parties.
Appears in 2 contracts
Samples: Credit Agreement (Pathnet Telecommunications Inc), Credit Agreement (Log on America Inc)
Non-Consolidation. Each of the The Borrower will, and will cause each other Loan Parties willParty to: (ai) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such Loan Party; (bii) not commingle its funds or assets with those of any other entity which is an Affiliate of such Loan Party; and (ciii) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity actions, which meetings will be separate from those of other Loan Parties.
Appears in 2 contracts
Samples: Credit Agreement (Net2000 Communications Inc), Credit Agreement (Net2000 Communications Inc)
Non-Consolidation. Each of the The Borrower will, and will cause each other Loan Parties willParty to: (a) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such Loan Party; (b) not commingle its funds or assets with those of any other entity which is an Affiliate of such Loan Party; and (c) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity actions, which meetings will be separate from those of other Loan Parties.
Appears in 2 contracts
Samples: Credit Agreement (State Communications Inc), Credit Agreement (Telergy Inc /Ny)
Non-Consolidation. Each of or the Loan Parties will: (a) ----------------- maintain entity records and books of account separate from those of any other entity which is an Affiliate of such Loan Party; (b) not commingle its funds or assets with those of any other entity which is an Affiliate of such Loan Party; and (c) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity actions, which meetings will be separate from those of other Loan Parties.
Appears in 1 contract
Samples: Credit Agreement (Ipcs Inc)
Non-Consolidation. Each of Holdings and the Borrower will, and will cause each of the other Loan Parties will: to:
(a) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such Loan Party; (b) not commingle its funds or assets with those of any other entity which is an Affiliate of such Loan Party; and (c) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity actions, which meetings will be separate from those of other Loan Parties.
Appears in 1 contract
Non-Consolidation. Each of the Unless otherwise consented to by Administrative Agent or Majority Lenders , each Loan Parties willParty and its respective Subsidiaries shall: (a) maintain entity records and books of account separate from those of any other entity which that is an Affiliate of such Loan Partyentity; (b) not commingle its funds or assets with those of any other entity which that is an Affiliate of such Loan Partyentity; and (c) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such Person's entity entity’s actions, which meetings will be separate from those of other Loan Partiesentities.
Appears in 1 contract