Common use of Separate Formalities Clause in Contracts

Separate Formalities. The Company shall, and shall cause SEP GP to, (i) observe all limited liability company or partnership formalities and other formalities required by their respective organizational documents, the laws of the jurisdiction of their respective formation, or other laws, rules, regulations and orders of governmental authorities exercising jurisdiction over it, (ii) engage in transactions with SET and its Affiliates (other than the Company or SEP GP) in conformity with the requirements of Section 6.09 of this Agreement, and (iii) subject to the terms of the Omnibus Agreement, promptly pay, from their respective own funds and on a timely basis, their respective allocable shares of general and administrative expenses, capital expenditures, and costs for services performed by SET or Affiliates of SET (other than the Company or SEP GP).

Separate Formalities. The Company shall, and shall cause SEP GP to, (i) observe all limited liability company or partnership formalities and other formalities required by their respective organizational documents, the laws of the jurisdiction of their respective formation, or other laws, rules, regulations and orders of governmental authorities exercising jurisdiction over it, (ii) engage in transactions with SET SESPC and its Affiliates (other than the Company or SEP GP) in conformity with the requirements of Section 6.09 of this Agreement, and (iii) subject to the terms of the Omnibus Agreement, promptly pay, from their respective own funds and on a timely basis, their respective allocable shares of general and administrative expenses, capital expenditures, and costs for services performed by SET SESPC or Affiliates of SET SESPC (other than the Company or SEP GP).