Common use of Single Asset Entities Clause in Contracts

Single Asset Entities. Except as set forth on Schedule 7.1.(cc), each Subsidiary that owns a Borrowing Base Property (i) owns no other assets (including any Equity Interest in any Person) other than such Borrowing Base Property and other assets incidental to such Subsidiary's ownership of the Borrowing Base Property and (ii) is engaged only in the business of owning, operating and developing such one Borrowing Base Property.