Common use of Maintenance of Separateness Clause in Contracts

Maintenance of Separateness. The Borrower will, and will cause each other Loan Party to, shall observe organizational formalities and keep books and records separate from MPC and the other MPC Companies.

Appears in 4 contracts

Sources: Term Loan Agreement (Marathon Petroleum Corp), Term Loan Agreement (MPLX Lp), Credit Agreement (MPLX Lp)

Maintenance of Separateness. The Borrower will, and will cause each other Loan Party to, shall observe organizational formalities and keep books and records separate from MPC and the other MPC Companies.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Marathon Petroleum Corp), Revolving Credit Agreement (MPLX Lp)