Common use of RECORDS TO BE KEPT SEPARATE Clause in Contracts

RECORDS TO BE KEPT SEPARATE. The Company (a) shall maintain its financial and accounting books and records separate from those of any other entity or person, (b) shall pay from its assets all obligations and indebtedness of any kind incurred by it, and shall not pay from its assets any obligations or indebtedness of any other entity or person, and (c) shall observe all formalities required by its Articles, this Agreement and the laws of the State of Delaware.

Appears in 9 contracts

Samples: Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii)

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