Nonconsolidation. The Originator is and at all times since its incorporation has been operated in such a manner that it would not be substantively consolidated with either the Seller or the Issuer and such that the separate existence of any of the Originator, the Seller or the Issuer would not be disregarded in the event of a bankruptcy or insolvency of the Originator or the Seller or the Issuer, and in such regard:
Appears in 8 contracts
Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables Funding LLC), Assignment and Servicing Agreement (Ikon Receivables LLC)
Nonconsolidation. The Originator is and at all times since its incorporation has been operated in such a manner that it would not be substantively consolidated with either the Seller or the Issuer and Issuer, such that the separate existence of any of the Originator, Originator and the Seller or the Issuer would not be disregarded in the event of a bankruptcy or insolvency of the Originator or the Seller or the Issuer, and in such regard:
Appears in 1 contract
Samples: Assignment and Servicing Agreement (Ikon Receivables LLC)
Nonconsolidation. The Originator Originator, is and at all times since its incorporation has been operated in such a manner that it would not be substantively consolidated with either the Seller or the Issuer and such that the separate existence of any of the Originator, the Seller or the Issuer would not be disregarded in the event of a bankruptcy or insolvency of the Originator or the Seller or the Issuer, and in such regard:
Appears in 1 contract
Samples: Assignment and Servicing Agreement (Ikon Receivables Funding LLC)
