Common use of Acknowledgment of Purchaser Clause in Contracts

Acknowledgment of Purchaser. Purchaser expressly acknowledges that Seller is the holder of a non-controlling interest in the Colstrip Facilities pursuant to the Colstrip Contracts, and that Seller (i) did not manage the construction of the PSE Colstrip Interests, (ii) is not now and has never been the operator (or otherwise in physical possession) of the Colstrip Facilities and (iii) was not involved in or responsible for the creation or provision of data or information about the Colstrip Facilities by MPC or any other co-owner of Colstrip Units 1, 2, 3 and 4.

Appears in 3 contracts

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

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Acknowledgment of Purchaser. Purchaser expressly acknowledges that Seller is the holder of a non-controlling interest in the Colstrip Facilities pursuant to the Colstrip Contracts, and that Seller (i) did not manage the construction of the PSE Colstrip InterestsFacilities, (ii) is not now and has never been the operator (or otherwise in physical possession) of the Colstrip Facilities Facilities, including with respect to issues involving the year 2000 compliance, and (iii) was not involved in or responsible for the creation or provision of data or information about the Colstrip Facilities by MPC or any other co-owner of the Colstrip Units 1, 2, 3 and 4Facilities.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pp&l Resources Inc)

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