Common use of SEPARATENESS/OPERATIONS MATTERS Clause in Contracts

SEPARATENESS/OPERATIONS MATTERS. The Company shall: (a) maintain books and records separate from those of any other person; (b) maintain its assets in such a manner that it is not costly or difficult to segregate, identify or ascertain such assets; (c) observe all customary organizational and operational formalities; (d) hold itself out to creditors and the public as a legal entity separate and distinct from any other entity; (e) prepare separate tax returns, if necessary, and separate financial statements; (f) conduct business in its own name; and (g) account for its assets and funds separately from those of any other person.

SEPARATENESS/OPERATIONS MATTERS. The Company shall: (a) maintain books and records separate from those of any other person; (b) maintain its assets in such a manner that it is not costly or difficult to segregate, identify or ascertain such assets; (c) observe all customary organizational and operational formalities; (d) hold itself out to creditors and the public as a legal entity separate and distinct from any other entity; statements; (e) prepare separate tax returns, if necessary, and separate financial statements;financial (f) conduct business in its own name; and (g) account for its assets and funds separately from those of any other person.