Common use of Organizational Separateness Clause in Contracts

Organizational Separateness. Each Originator agrees not to take any action that would cause Buyer to violate its articles of incorporation or certificate of incorporation, as appropriate, and bylaws. Buyer agrees to conduct its business in a manner consistent with its articles of incorporation or certification of incorporation, as appropriate, and bylaws or its limited liability company agreement or operating agreement, as applicable.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Arvinmeritor Inc), Purchase and Sale Agreement (Arvinmeritor Inc), Purchase and Sale Agreement (Arvinmeritor Inc)

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Organizational Separateness. Each Originator agrees not to take any action that would cause Buyer to violate its articles of incorporation or certificate of incorporation, as appropriate, and bylawsby-laws or the covenants in Section 5.1(o) of the Second Tier Agreement. Buyer agrees to conduct its business in a manner consistent with its articles certificate of incorporation or certification of incorporation, as appropriate, and bylaws or its limited liability company agreement or operating agreement, as applicableby-laws.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Great Plains Energy Inc), Purchase and Sale Agreement (Great Plains Energy Inc)

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Organizational Separateness. Each Originator agrees not to take any action that would cause Buyer to violate its articles of incorporation or certificate certification of incorporation, as appropriate, and bylawsbylaws or its limited liability company agreement or operating agreement, as applicable. Buyer agrees to conduct its business in a manner consistent with its articles of incorporation or certification of incorporation, as appropriate, and bylaws or its limited liability company agreement or operating agreement, as applicable.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Arvinmeritor Inc)

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