SEPARATION OF OPERATIONS. 1. The ordinary capital resources and the Special Funds resources of the Bank shall at all times and in all respects be held, used, committed, invested or otherwise disposed o£ entirely separate from each other. The financial statements of the Bank shall show the ordinary operations and special operations separately.
2. The ordinary capital resources of the Bank shall under no circumstances be charged with, or used to discharge, losses or liabilities arising out of special operations or other activities for which Special Funds resources were originally used or committed.
3. Expenses appertaining directly to ordinary operations shall be charged to the ordinary capital resources of the Bank. Expenses appertaining directly to special operations shall be charged to the Special Funds resources. Any other expenses shall be charged as the Bank shall determine.
SEPARATION OF OPERATIONS. 1. The ordinary capital resources of the Bank shall at all times and in all respects be held, used, committed, invested or otherwise disposed of, entirely separate from special funds resources. Each special fund, its resources and accounts shall be kept entirely separate from other special funds, their resources and accounts.
2. The ordinary capital resources of the Bank shall not be charged with, or used to discharge, losses or liabilities arising out of operations or other activities of any special fund. Special funds resources appertaining to any special fund shall not be charged with, or used to discharge, losses or liabilities arising out of operations or other activities of the Bank financed from its ordinary capital resources or from resources appertaining to any other special fund.
3. In the operations and other activities of any special fund, the liability of the Bank shall be limited to the resources appertaining to that special fund which are at the disposal of the Bank.
4. The financial statements of the Bank shall show the ordinary operations and the special operations of the Bank separately. Expenses appertaining to ordinary operations shall be charged to the ordinary capital resources of the Bank. Expenses appertaining directly to special operations shall be charged to the special funds resources. Any other expenses shall be charged as the Bank shall determine.
5. The Bank shall adopt such other rules and regulations as may be required to ensure the effective separation of the two types of its operations.
SEPARATION OF OPERATIONS. The Ordinary Capital Resources and the Special Funds Resources of the Bank shall, at all times and in all respects, be held, used, committed, invested or otherwise disposed of entirely separately from each other. Financial statements of the Bank shall show the reserves of the Bank together with its ordinary operations and the special operations, separately.
SEPARATION OF OPERATIONS. The covenants in clauses 18.1 and 18.2 may be waived by auDA in writing if auDA considers that:
18.4.1 the Registrar is able to have a clear and effective separation between the business operations of the Registrar as a registrar in the Designated 2LD, and that of a registry operator in the Designated 2LD; and
18.4.2 despite the Registrar's involvement as a registrar, competing registrars still have fair and equal access to the registry of the Designated 2LD.
SEPARATION OF OPERATIONS. 1. The ordinary capital resources and the Special Funds resources of the Bank shall at all times and in all respects be held, used, committed, invested or otherwise disposed of entirely separately from each other. The financial statements of the Bank shall show the reserves of the Bank, together with its ordinary operations and, separately, its special operations.
2. The ordinary capital resources of the Bank shall, under no circumstances, by charged with, or used to discharge, losses or liabilities arising out of special operations or other activities for which Special Funds resources were originally used or committed.
3. Expenses appertaining directly to ordinary operations shall be charged to the ordinary capital resources of the Bank. Expenses appertaining directly to the special operations shall be charged to Special Funds resources. Any other expenses shall, subject to paragraph 1 of Article 18 of this Agreement, be charged as the Bank shall determine.
SEPARATION OF OPERATIONS. The Division, which shall not be a separate legal entity, shall be operated in a manner that is, to the extent practicable or otherwise required hereunder, internally separate and distinct from the general servicing and subservicing business of Nationstar, it being understood that, unless otherwise provided herein, Nationstar will provide the Corporate Services and Subsidiary Servicing Functions. The Division shall be staffed with Dedicated Employees to perform the functions detailed in Section 1.3.1 and maintain separate financial records so as to enable Nationstar to comply with its obligations under this Agreement.
SEPARATION OF OPERATIONS. It is agreed that during the term of this Agreement, the Servicer shall maintain all information, premium funds, files, bank accounts and all other data relating to the Keep Policies separate and apart from any other business or operations of Servicer and the Servicer shall not under any circumstance allow any commingling of funds relating to the Keep Policies with any other funds whatsoever.
SEPARATION OF OPERATIONS. Continental and United will keep their flight operations separate until the Operational Merger Date, or except as the Parties otherwise agree, specifically as follows:
SEPARATION OF OPERATIONS. The covenants in clause 20.1 may be waived by auDA in writing if, in auDA's absolute discretion, auDA considers that:
20.2.1 the Registry Operator is able to have a clear and effective separation between the business operations of the Registry Operator as operator of the Registry, and that of a Registrar in the Registry; and
20.2.2 despite the Registry Operator's involvement as a Registrar, competing Registrars still have fair and equal access to the Registry. For clarity, nothing in this clause 20.2 requires auDA to waive the covenants in clause 20.1, even if the requirements in clauses 20.2.1 and 20.2.2 are satisfied.
SEPARATION OF OPERATIONS. 1. The ordinary capital resources and the Special Funds resources of the Bank shall at all times and in all respects be held, used, committed, invested 486 • The Future of the Global Economic Organizations or otherwise disposed of entirely separately from each other. The financial statements of the Bank shall show the reserves of the Bank, together with its ordinary operations and, separately, its special operations.
2. The ordinary capital resources of the Bank shall, under no circum- stances, by charged with, or used to discharge, losses or liabilities arising out of special operations or other activities for which Special Funds resources were originally used or committed.
3. Expenses appertaining directly to ordinary operations shall be charged to the ordinary capital resources of the Bank. Expenses appertaining directly to the special operations shall be charged to Special Funds resources. Any other expenses shall, subject to paragraph 1 of Article 18 of this Agreement, be charged as the Bank shall determine.
