Common use of Third Party Clause in Contracts

Third Party. The Corporation hereby represents to the Canadian Co-Trustee that any account to be opened by, or interest to be held by, the Canadian Co-Trustee in connection with this Indenture, for or to the credit of the Corporation, either: (1) is not intended to be used by or on behalf of any third party; or (2) is intended to be used by or on behalf of a third party, in which case, the Corporation hereto agrees to complete and execute forthwith a declaration in the Canadian Co-Trustee’s prescribed form as to the particulars of such third party.

Appears in 13 contracts

Sources: Indenture (Hydro One Inc), Indenture (Hydro One Inc), Indenture (Hydro One Holdings LTD)