Common use of Nonconsolidation Clause in Contracts

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator or any Affiliate thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, such Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 10 contracts

Samples: Transfer and Administration Agreement (Greif, Inc), Transfer and Administration Agreement (Greif, Inc), Transfer and Administration Agreement (Greif, Inc)

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Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator or any Affiliate thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, such any Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 9 contracts

Samples: Transfer and Administration Agreement (Arrow Electronics Inc), Transfer and Administration Agreement (Arrow Electronics Inc), Transfer and Administration Agreement (Arrow Electronics Inc)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator or any Affiliate thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, such Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 5 contracts

Samples: Transfer and Administration Agreement (United Stationers Inc), Transfer and Administration Agreement (United Stationers Inc), Transfer and Administration Agreement (United Stationers Inc)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator or any Affiliate thereofof the Originator, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, such Originator or any Affiliate thereof of the Originator and, without limiting the generality of the foregoing:

Appears in 3 contracts

Samples: Loan and Administration Agreement (Commercial Credit, Inc.), Loan and Administration Agreement (Commercial Credit, Inc.), Loan and Administration Agreement (Commercial Credit, Inc.)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate legal existence of the SPV, on the one hand, and the Servicer Servicer, Colliers and each Originator or any Affiliate thereof, on the otherother hand, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, Colliers, such Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 2 contracts

Samples: Transfer and Administration Agreement (Colliers International Group Inc.), Canadian Transfer and Administration Agreement (Colliers International Group Inc.)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Master Servicer and each Originator or any Affiliate thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Master Servicer, such Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 2 contracts

Samples: Transfer and Administration Agreement (Valvoline Inc), Transfer and Administration Agreement (Ashland Inc.)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator Originator, the Guarantor or any Affiliate thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the ServicerOriginator, such Originator the Guarantor or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Transfer and Administration Agreement (Diebold Inc)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator or any Affiliate Exhibit 10(j) thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, such any Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Transfer and Release Agreement (Arrow Electronics Inc)

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Nonconsolidation. The SPV is operated in such a manner that the ---------------- separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator or any Affiliate thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, such any Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Transfer and Administration Agreement (Arrow Electronics Inc)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator Originator, NSC or any Affiliate thereofof either the Originator or NSC, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the ServicerOriginator, such Originator NSC or any Affiliate thereof of either the Originator or NSC and, without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Transfer and Administration Agreement (Norfolk Southern Corp)

Nonconsolidation. The Each SPV is operated in such a manner that the separate corporate existence of the such SPV, on the one hand, and the Servicer and each Originator or any Affiliate thereofOriginator, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, any such Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Loan and Administration Agreement (Commercial Credit, Inc.)

Nonconsolidation. The SPV is operated in such a manner that the separate corporate existence of the SPV, on the one hand, and the Servicer and each Originator or any Affiliate thereof, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, such Originator or any Affiliate thereof and, without limiting the generality of the foregoing:

Appears in 1 contract

Samples: Transfer and Administration Agreement (Boise Cascade Co)

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