Separate Person definition
Examples of Separate Person in a sentence
Neither any Group Member, any Limited Partner nor any other Person shall have any rights by virtue of this Agreement or the partnership relationship established hereby or thereby in any business ventures of any Separate Person.
The Servicer recognizes that the Indenture Trustee, the Holders and the Class A Note Insurer have entered into the Transaction Documents on the understanding that each of the Companies, the Sellers and TOP CAT (each, a "Separate Person") is an entity intended to have its own separate existence independent from that of the Servicer.
In the event that the Servicer's consolidated financial statements are required under GAAP to include any Separate Person, the Servicer will include footnotes therein that disclose the separate existence of each such Separate Person and its assets from the Servicer and the Servicer's assets.
In the event that the Manager's consolidated financial statements are required under GAAP to include any Separate Person, the Manager will include footnotes therein that disclose the separate corporate existence of each such Separate Person and its assets from the Manager and the Manager's Assets.
The Manager recognizes that the Indenture Trustee, the Holders and the Class A Note Insurer have entered into the Transaction Documents on the understanding that each of the Companies, the Seller and TOP CAT (each a "Separate Person") is an entity intended to have its own separate existence independent from that of the Manager.