Common use of Separateness of the Borrower from Sempra and Its Subsidiaries Clause in Contracts

Separateness of the Borrower from Sempra and Its Subsidiaries. Each Credit Party acknowledges and affirms that (i) it has advanced funds to or extended credit on behalf of the Borrower in reliance upon the separateness of the Holdings and its Subsidiaries (including the Borrower) from Sempra and its Subsidiaries (other than Holdings and its Subsidiaries) and any other Persons and (ii) the Borrower and its Subsidiaries have assets and liabilities that are separate from those of Sempra and its Subsidiaries (other than Holdings and its Subsidiaries) and any other Persons.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Oncor Electric Delivery Co LLC), Term Loan Credit Agreement (Oncor Electric Delivery Co LLC), Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)

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Separateness of the Borrower from Sempra and Its Subsidiaries. Each Credit Party The Lender acknowledges and affirms that (ia) it has advanced funds to or extended credit on behalf of the Borrower in reliance upon the separateness of the Holdings and its Subsidiaries (including the Borrower) from Sempra and its Subsidiaries (other than Holdings and its Subsidiaries) and any other Persons and (iib) the Borrower and its Subsidiaries have assets and liabilities that are separate from those of Sempra and its Subsidiaries (other than Holdings and its Subsidiaries) and any other Persons.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)

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Separateness of the Borrower from Sempra and Its Subsidiaries. Each Credit Party acknowledges and affirms that (ia) it has advanced funds to or extended credit on behalf of the Borrower in reliance upon the separateness of the Holdings and its Subsidiaries (including the Borrower) from Sempra and its Subsidiaries (other than Holdings and its Subsidiaries) and any other Persons and (iib) the Borrower and its Subsidiaries have assets and liabilities that are separate from those of Sempra and its Subsidiaries (other than Holdings and its Subsidiaries) and any other Persons.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Oncor Electric Delivery Co LLC)

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