Common use of Substantive Consolidation Clause in Contracts

Substantive Consolidation. The Manager will be operated so that neither the Issuer nor the Lessor will be “substantively consolidated” with the Manager or any of its Affiliates. In connection therewith, the Manager makes herein by this reference each of the representations and warranties made by it to Xxxxx Xxxxx LLP in support of its opinions issued and delivered in connection with the issuance of the Notes, as if specifically made herein and agrees to comply with each of the factual assumptions contained in such opinions.

Substantive Consolidation. The Manager will be operated so that neither the Issuer nor the Lessor will not be “substantively consolidated” consolidated with the Manager or any of its Affiliates. In connection therewith, the Manager makes herein by this reference each of the representations and warranties made by it to Gardere Xxxxx Xxxxx Xxxxxx LLP in support of its opinions issued and delivered in connection with the issuance of the Notes, as if specifically made herein and agrees to comply with each of the factual assumptions contained in such opinions.

Substantive Consolidation. The Manager will be operated so that neither the Issuer nor the ABS Lessor will be “substantively consolidated” with the Manager or any of its Affiliates. In connection therewith, the Manager makes herein by this reference each of the representations and warranties made by it to Xxxxx Xxxxx Bxxxx Bxxxx LLP in support of its opinions issued and delivered in connection with the issuance of the Notes, as if specifically made herein and agrees to comply with each of the factual assumptions contained in such opinions.