Common use of Single Asset Entity Clause in Contracts

Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity. 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person; 15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities; 15.1.3. The Company shall not guarantee the debt or performance of any obligation of any of its Members or any other person; 15.1.4. The Company will not pledge any of its assets for the benefit of any of its Members or any other person, and no person shall pledge its assets for the benefit of the Company; 15.1.5. The Company shall conduct its affairs strictly in accordance with this Agreement, and shall observe all necessary, appropriate, and customary limited liability company formalities, including, but not limited to, maintaining accurate and separate books, records and account (including, but not limited to, transaction accounts with any affiliate of the Company); 15.1.6. The books, records, and accounts of the Company will at all times be maintained in a manner permitting the assets and liabilities of

Single Asset Entity. 15.1. 15.1 Except as may be provided to the contrary in the Cross-Collateralization AgreementsLehm▇▇ Documents (as hereinafter defined), the Company shall at all timed times conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity.: 15.1.1. 15.1.1 The Company will not assume liability for the debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person; 15.1.2. 15.1.2 None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities; 15.1.3. 15.1.3 The Company shall not guarantee the debt or the performance of any obligation of any of its Members or any other person; 15.1.4. 15.1.4 The Company will not pledge any of its assets for the benefit of any of its Members or any other person, and no person shall pledge its assets for the benefit of the Company; 15.1.5. 15.1.5 The Company shall conduct its affairs strictly in accordance with this Agreement, and shall observe all necessary, appropriate, and customary limited liability company formalities, including, but not limited to, maintaining accurate and separate books, records and account (including, but not limited to, transaction accounts with any affiliate of the Company); 15.1.6. The books, records, and accounts of the Company will at all times be maintained in a manner permitting the assets and liabilities ofand

Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed times conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity.: 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person; 15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities; 15.1.3. The Company shall not guarantee the debt or performance of any obligation of any of its Members or any other person; 15.1.4. The Company will not pledge any of its assets for the benefit of any of its Members or any other person, and no person shall pledge its assets for the benefit of the Company; 15.1.5. The Company shall conduct its affairs strictly in accordance with this Agreement, and shall observe all necessary, appropriate, and customary limited liability company formalities, including, but not limited to, maintaining accurate and separate books, records and account (including, but not limited to, transaction accounts with any affiliate of the Company); 15.1.6. The books, records, and accounts of the Company will at all times be maintained in a manner permitting the assets and liabilities of,

Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity., 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person; 15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities; 15.1.3. The Company shall not guarantee the debt or performance of any obligation of any of its Members or any other person; 15.1.4. The Company will not pledge any of its assets for the benefit of any of its Members or any other person, and no person shall pledge its assets for the benefit of the Company; 15.1.5. The Company shall conduct its affairs strictly in accordance with this Agreement, and shall observe all necessary, appropriate, and customary limited liability company formalities, including, but not limited to, maintaining accurate and separate books, records and account (including, but not limited to, transaction accounts with any affiliate of the Company); 15.1.6. The books, records, and accounts of the Company will at all times be maintained in a manner permitting the assets and liabilities of,

Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed time conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity.: 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person; 15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities; 15.1.3. The Company shall not guarantee the debt or performance of any obligation of any of its Members or any other person; 15.1.4. The Company will not pledge any of its assets for the benefit of any of its Members or any other person, and no person shall pledge its assets for the benefit of the Company; 15.1.5. The Company shall conduct its affairs strictly in accordance with this Agreement, and shall observe all necessary, appropriate, and customary limited liability company formalities, including, but not limited to, maintaining accurate and separate books, records and account (including, but not limited to, transaction accounts with any affiliate of the Company); 15.1.6. The books, records, and accounts of the Company will at all times be maintained in a manner permitting the assets and liabilities of

Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed times conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity.: 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person; 15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities; 15.1.3. The Company shall not guarantee the debt or performance of any obligation of any of its Members or any other person; 15.1.4. The Company will not pledge any of its assets for the benefit of any of its Members or any other person, and no person shall pledge its assets for the benefit of the Company; 15.1.5. The Company shall conduct its affairs strictly in accordance with this Agreement, and shall observe all necessary, appropriate, and customary limited liability company formalities, including, but not limited to, maintaining accurate and separate books, records and account (including, but not limited to, transaction accounts with any affiliate of the Company); 15.1.6. The books, records, and accounts of the Company will at all times be maintained in a manner permitting the assets and liabilities of,

Single Asset Entity. 15.1. Except as may be provided to the contrary in the Cross-Collateralization Agreements, the Company shall at all timed conduct its business and operations in accordance with the following provisions so as to maintain itself as a single purpose entity.: 15.1.1. The Company will not assume liability for debts of any other person, and the Company will not hold itself out as being liable for the debts of any other person; 15.1.2. None of the liabilities of the Company shall be paid from the funds of the Members or any other person without the Members being obligated for such liabilities; 15.1.3. The Company shall not guarantee the debt or performance of any obligation of any of its Members or any other person; 15.1.4. The Company will not pledge any of its assets for the benefit of any of its Members or any other person, and no person shall pledge its assets for the benefit of the Company; 15.1.5. The Company shall conduct its affairs strictly in accordance with this Agreement, and shall observe all necessary, appropriate, and customary limited liability company formalities, including, but not limited to, maintaining accurate and separate books, records and account (including, but not limited to, transaction accounts with any affiliate of the Company); 15.1.6. The books, records, and accounts of the Company will at all times be maintained in a manner permitting the assets and liabilities of