Common use of Prepaid Expenses Clause in Contracts

Prepaid Expenses. Except for prepaid expenses and deposits of Seller attributable to any Excluded Asset or Retained Liabilities, all prepaid expenses, progress payments and deposits of or by Seller, rights to receive a prepaid expense, deposit or progress payment, and cash in transit that constitutes a prepaid expense, progress payment or deposit, relating to the Assets or the ownership, operation and maintenance of the Colstrip Facilities;

Appears in 4 contracts

Samples: Asset Purchase Agreement (Pp&l Resources Inc), Asset Purchase Agreement (Puget Sound Energy Inc), Asset Purchase Agreement (Pp&l Resources Inc)

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Prepaid Expenses. Except for prepaid expenses and deposits of Seller attributable to any Excluded Asset or Retained Liabilities, all prepaid expenses, progress payments and deposits of or by Seller, rights to receive a prepaid expense, deposit or progress payment, and cash in transit that constitutes a prepaid expense, progress payment or deposit, relating to the Assets or the ownership, operation and maintenance of the Colstrip FacilitiesGenerating Assets;

Appears in 3 contracts

Samples: Asset Purchase Agreement (Montana Power Co /Mt/), Asset Purchase Agreement (Pp&l Inc), Asset Purchase Agreement (Pp&l Resources Inc)

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