Separateness from PG&E. (a) The Guarantor has operated as a business entity separate and distinct in all relevant respects from PG&E Corp. and PG&E such that the Guarantor believes there exists no reasonable basis for a substantive consolidation of NEG LLC with either PG&E Corp. or PG&E in the event of a bankruptcy proceeding with respect to either of such Persons.
Appears in 8 contracts
Samples: Guarantee and Agreement (Pacific Gas & Electric Co), Guarantee and Agreement (Pg&e Corp), Guarantee and Agreement (Pg&e Corp)
Separateness from PG&E. (a) The Guarantor Borrower has operated as a business entity separate and distinct in all relevant respects from PG&E Corp. and PG&E such that the Guarantor Borrower believes there exists no reasonable basis for a substantive consolidation of NEG LLC or any of its Subsidiaries with either PG&E Corp. or PG&E in the event of a bankruptcy proceeding with respect to either of such Persons.
Appears in 2 contracts
Samples: Credit Agreement (Pg&e National Energy Group Inc), Credit Agreement (Pg&e Corp)
Separateness from PG&E. (a) The Guarantor Borrower has operated as a business entity separate and distinct in all relevant respects from PG&E Corp. and PG&E such that the Guarantor Borrower believes there exists no reasonable basis for a substantive consolidation of NEG LLC with either PG&E Corp. or PG&E in the event of a bankruptcy proceeding with respect to either of such Persons.
Appears in 1 contract
