Common use of Separate Entity Clause in Contracts

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller), and the Seller hereby acknowledges that the Deal Agent and the Purchasers are entering into the transactions contemplated by this Agreement in reliance upon the Seller's identity as a separate legal entity from the Originator and from each such other Affiliate of the Originator.

Appears in 5 contracts

Samples: Loan Purchase and Servicing Agreement (First International Bancorp Inc), Receivables Purchase Agreement (Resource America Inc), Purchase and Servicing Agreement (First International Bancorp Inc)

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Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator Buyer and any Affiliates thereof (other than the Seller)thereof, and the Seller hereby acknowledges that the Deal Collateral Agent and the Purchasers Secured Parties under the Credit Agreement are entering into the transactions contemplated by this the Credit Agreement in reliance upon the Seller's ’s identity as a separate legal entity from the Originator Buyer and from each such other Affiliate of the OriginatorBuyer.

Appears in 4 contracts

Samples: Purchase and Contribution Agreement (Monroe Capital Income Plus Corp), Purchase and Contribution Agreement (PennantPark Floating Rate Capital Ltd.), Purchase and Contribution Agreement (Monroe Capital Income Plus Corp)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller), and the Seller hereby acknowledges that the Deal Agent and the Purchasers Secured Parties are entering into the transactions contemplated by this Agreement in reliance upon the Seller's identity as a separate legal entity from the Originator and from each such other Affiliate of the Originator.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Fidelity Leasing Inc), Receivables Purchase Agreement (American Business Financial Services Inc /De/)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller)Buyer, and the Seller hereby acknowledges that the Deal Agent and the Purchasers Lenders under the Loan Funding Agreement are entering into the transactions contemplated by this the Loan Funding Agreement in reliance upon the Seller's ’s identity as a separate legal entity from the Originator and from each such other Affiliate of the OriginatorBuyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator Buyer and any Affiliates thereof (other than the Seller)thereof, and the Seller hereby acknowledges that the Deal Administrative Agent and the Purchasers Secured Party under the Credit Agreement are entering into the transactions contemplated by this the Credit Agreement in reliance upon the Seller's ’s identity as a separate legal entity from the Originator Buyer and from each such other Affiliate of the OriginatorBuyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (GSC Investment Corp.), Purchase and Sale Agreement (GSC Investment Corp.)

Separate Entity. The Seller is operated as an entity with assets --------------- and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller), and the Seller hereby acknowledges that the Deal Agent and the Purchasers are entering into the transactions contemplated by this Agreement in reliance upon the Seller's identity as a separate legal entity from the Originator and from each such other Affiliate of the Originator.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Bankvest Capital Corp), Loan Purchase and Servicing Agreement (First International Bancorp Inc)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller)Buyer, and the Seller hereby acknowledges that the Deal Agent and the Purchasers Investors under the Loan Funding Agreement are entering into the transactions contemplated by this the Loan Funding Agreement in reliance upon the Seller's ’s identity as a separate legal entity from the Originator and from each such other Affiliate of the OriginatorBuyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Patriot Capital Funding, Inc.), Purchase and Sale Agreement (American Capital Strategies LTD)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller), and the Seller and Originator hereby acknowledges acknowledge that the Deal Agent and the Purchasers are Purchaser is entering into the transactions contemplated by this Agreement in reliance upon the Seller's identity as a separate legal entity from the Originator and from each such other Affiliate of the Originator.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bluegreen Corp), Asset Purchase Agreement (Bluegreen Corp)

Separate Entity. The Seller Buyer is operated as an entity with assets and liabilities distinct from those of the Originator Seller and any Affiliates thereof (other than the Seller)thereof, and the Seller hereby acknowledges that the Deal Agent and the Purchasers under the Receivables Purchase Agreement are entering into the transactions contemplated by this the Receivables Purchase Agreement in reliance upon the SellerBuyer's identity as a separate legal entity from the Originator Seller and from each such other Affiliate of the OriginatorSeller.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Resource America Inc), Purchase and Sale Agreement (Fidelity Leasing Inc)

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Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller)thereof, and the Seller hereby acknowledges that the Deal Purchaser Agent and the Purchasers are entering into the transactions contemplated by this Agreement in reliance upon the Seller's ’s identity as a separate legal entity from the Originator Administrator and from each such other Affiliate of the OriginatorAdministrator.

Appears in 1 contract

Samples: Securities Purchase Agreement (ECC Capital CORP)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator Buyer and any Affiliates thereof (other than the Seller)thereof, and the Seller hereby acknowledges that the Deal Agent and the Purchasers Lenders under the Loan Funding Agreement are entering into the transactions contemplated by this the Loan Funding Agreement in reliance upon the Seller's identity as a separate legal entity from the Originator Buyer and from each such other Affiliate of the OriginatorBuyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Capital Strategies LTD)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller)Buyer, and the Seller hereby acknowledges that the Deal Agent and the Purchasers Investors under the Loan Funding Agreement are entering into the transactions contemplated by this the Loan Funding Agreement in reliance upon the Seller's ’s identity as a separate legal entity from the Originator and from each such other Affiliate of the OriginatorBuyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Capital Strategies LTD)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof (other than the Seller)Buyer, and the Seller hereby acknowledges that the Deal Agent and the Purchasers Lenders under the Loan Funding Agreement are entering into the transactions contemplated by this the Loan Funding Agreement in reliance upon the Seller's ’s identity as a separate legal entity from the Originator and from each such other Affiliate of the OriginatorBuyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kohlberg Capital CORP)

Separate Entity. The Seller is operated as an entity with assets and liabilities distinct from those of the Originator Buyer and any Affiliates thereof (other than the Seller)thereof, and the Seller hereby acknowledges that the Deal Collateral Agent and the Purchasers Secured Parties under the Credit Agreement are entering into the transactions contemplated by this the Credit Agreement in reliance upon the Seller's identity as a separate legal entity from the Originator Buyer and from each such other Affiliate of the OriginatorBuyer.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (PennantPark Floating Rate Capital Ltd.)

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