Common use of Restriction on Use Clause in Contracts

Restriction on Use. Purchaser shall segregate from its general funds any contributions made or caused to be made by Parent hereunder and shall use such funds for the purpose, and only for the purpose, of satisfying its obligations to Seller under the Purchase Agreement. Such contribution shall be placed in a segregated account at an independent financial institution, the name of which account makes reference to the restrictions contained herein.

Appears in 3 contracts

Samples: Equity Contribution Agreement (Pp&l Resources Inc), Equity Contribution Agreement (Pp&l Inc), Equity Contribution Agreement (Pp&l Inc)

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Restriction on Use. Purchaser shall segregate from its general ------------------ funds any contributions made or caused to be made by Parent hereunder and shall use such funds for the purpose, and only for the purpose, of satisfying its obligations to Seller Sellers under the Purchase Agreement. Such contribution shall be placed in a segregated account at an independent financial institution, the name of which account makes reference to the restrictions contained herein.

Appears in 1 contract

Samples: Equity Contribution Agreement (Pp&l Inc)

Restriction on Use. Purchaser shall segregate from its general funds any contributions made or caused to be made by Parent hereunder and shall use such funds for the purpose, and only for the purpose, of satisfying its obligations to Seller under the Purchase Agreement. Such contribution shall be placed in a segregated account at an independent financial institution, the name of which account makes reference to the restrictions contained herein. Section 5.

Appears in 1 contract

Samples: Equity Contribution Agreement (Montana Power Co /Mt/)

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Restriction on Use. Purchaser shall segregate from its general funds any contributions made or caused to be made by Parent hereunder and shall use such funds for the purpose, and only for the purpose, of satisfying its obligations to Seller under the Purchase Agreement. Such contribution contributions shall be placed in a segregated account at an independent financial institution, the name of which account makes reference to the restrictions contained herein.

Appears in 1 contract

Samples: Equity Contribution Agreement (Pp&l Inc)

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