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Common use of Non-Consolidation Clause in Contracts

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; and (ii) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities.

Appears in 3 contracts

Samples: Credit and Guaranty Agreement (Cit Group Inc), Amendment Agreement (Cit Group Inc), Credit and Guaranty Agreement (Cit Group Inc)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity (other than a wholly-owned Subsidiary); and (iiiii) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entitiesentities (other than Company or any of its Subsidiaries).

Appears in 2 contracts

Samples: Financing Agreement (Federal Signal Corp /De/), Financing Agreement (Federal Signal Corp /De/)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity; and (iiiii) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s 's actions, which meetings will be separate from those of other entities.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Taleo Corp), Credit and Guaranty Agreement (Taleo Corp)

Non-Consolidation. The Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity; and (iiiii) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Castle a M & Co)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity; and (iiiii) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Financing Agreement (Metalico Inc)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity (other than Loan Parties); and (iiiii) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actionsactions to the extent required by applicable law, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Financing Agreement (Model N, Inc.)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds (other than consistent with Company’s cash management requirements as permitted hereunder) or assets with those of any other entity which is an Affiliate of such entity; and (iiiii) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Credit Agreement (Covanta Holding Corp)

Non-Consolidation. Unless otherwise consented to by Administrative Agents or Required Lenders, Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (ia) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (b) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity; and (iic) provide that its board of directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Foothills Resources Inc)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity; and (iiiii) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s 's actions, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Financing Agreement (Global Geophysical Services Inc)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity except pursuant to a cash management system that is reasonably acceptable to the Required Lenders; and (iiiii) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s 's actions, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Financing Agreement (Usa Technologies Inc)

Non-Consolidation. Company will and will cause each of its Restricted Subsidiaries (other than an Owner-Trustee) to: (i) maintain entity records and books of account separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle its funds or assets with those of any other entity which is an Affiliate of such entity except pursuant to a cash management system that is reasonably acceptable to the Lenders; and (iiiii) provide that its board Board of directors Directors or other analogous governing body will hold all appropriate meetings to authorize and approve such entity’s actions, which meetings will be separate from those of other entities.

Appears in 1 contract

Samples: Financing Agreement (EVO Transportation & Energy Services, Inc.)