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Common use of Maintenance of Separateness Clause in Contracts

Maintenance of Separateness. Each Loan Party shall observe organizational formalities and keep books and records separate from MPC.

Appears in 5 contracts

Sources: Revolving Credit Agreement, Amendment Agreement (Marathon Petroleum Corp), Credit Agreement (Marathon Petroleum Corp)

Related Clauses

  • Maintenance of Corporate Separateness
  • Maintenance of Services
  • Maintenance of Business
  • Maintenance of Seniority
  • Maintenance of Separate Existence

Parent Clauses

  • Affirmative Covenants
  • The Manager
  • Miscellaneous
  • COVENANTS
  • AFFIRMATIVE COVENANTS OF BORROWER

Sub-Clauses

  • Liens
  • Transactions with Affiliates
  • Indebtedness
  • Restricted Payments
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