Common use of Separate Corporate Existence of the Seller Clause in Contracts

Separate Corporate Existence of the Seller. Each Seller Party hereby acknowledges that each Investor and each Agent are entering into the transactions contemplated hereby in reliance upon the Seller’s identity as a legal entity separate from the Master Servicer and its other Affiliates. Therefore, each Seller Party shall take all steps specifically required by this Agreement or reasonably required by the Agents to continue the Seller’s identity as a separate legal entity and to make it apparent to third Persons that the Seller is an entity with assets and liabilities distinct from those of its Affiliates, and is not a division of the Master Servicer or any other Person. Without limiting the foregoing, each Seller Party will take such actions as shall be required in order that:

Appears in 7 contracts

Samples: Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc), Receivables Purchase Agreement (Lennox International Inc)

AutoNDA by SimpleDocs

Separate Corporate Existence of the Seller. Each Seller Party hereby acknowledges that each Investor the Purchaser and each the Administrative Agent are entering into the transactions contemplated hereby in reliance upon the Seller’s 's identity as a legal entity separate from the Master Servicer and its other Affiliates. Therefore, each Seller Party shall take all steps specifically required by this Agreement or reasonably required by the Agents Administrative Agent to continue the Seller’s 's identity as a separate legal entity and to make it apparent to third Persons that the Seller is an entity with assets and liabilities distinct from those of its Affiliates, and is not a division of the Master Servicer Servicer, any of the Originators or any other Person. Without limiting the foregoing, each Seller Party will take such actions as shall be required in order that:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Mascotech Inc)

Separate Corporate Existence of the Seller. Each Seller Party hereby acknowledges that each Investor the Purchaser and each Agent the Administrator are entering into the transactions contemplated hereby in reliance upon the Seller’s 's identity as a legal entity separate from the Master Servicer and its other Affiliates. Therefore, each Seller Party shall take all steps specifically required by this Agreement or reasonably required by the Agents Administrator to continue the Seller’s 's identity as a separate legal entity and to make it apparent to third Persons that the Seller is an entity with assets and liabilities distinct from those of its Affiliates, and is not a division of the Master Servicer Servicer, any of the Originators or any other Person. Without limiting the foregoing, each the Seller Party will take such actions as shall be required in order thatwill:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lifestyle Furnishings International LTD)

Separate Corporate Existence of the Seller. Each Seller Party hereby acknowledges that each Investor the Purchaser and each Agent are entering into the transactions contemplated hereby in reliance upon the Seller’s 's identity as a legal entity separate from the Master Servicer and its other Affiliates. Therefore, each Seller Party shall take all steps specifically required by this Agreement or reasonably required by the Agents to continue the Seller’s 's identity as a separate legal entity and to make it apparent to third Persons that the Seller is an entity with assets and liabilities distinct from those of its Affiliates, and is not a division of the Master Servicer or any other Person. Without limiting the foregoing, each Seller Party will take such actions as shall be required in order that:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

AutoNDA by SimpleDocs

Separate Corporate Existence of the Seller. Each Seller Party hereby acknowledges that each Investor the Purchaser and each Agent are entering into the transactions contemplated hereby in reliance upon the Seller’s identity as a legal entity separate from the Master Servicer and its other Affiliates. Therefore, each Seller Party shall take all steps specifically required by this Agreement or reasonably required by the Agents to continue the Seller’s identity as a separate legal entity and to make it apparent to third Persons that the Seller is an entity with assets and liabilities distinct from those of its Affiliates, and is not a division of the Master Servicer or any other Person. Without limiting the foregoing, each Seller Party will take such actions as shall be required in order that:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lennox International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.