Common use of Charities Clause in Contracts

Charities. The parties agree that provision of charitable contribution and community support within the New England region serves a number of important goals. After the Effective Time, XXXX intends to cause the Surviving Entity to provide charitable contributions and community support within the New England region at annual levels substantially comparable to the annual level of charitable contributions and community support provided, directly or indirectly, by EUA and its public utility subsidiaries within the New England region during 1998.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (New England Electric System), Agreement and Plan of Merger (New England Electric System)

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Charities. The parties agree that provision of charitable contribution and community support within the New England region serves a number of important goals. After the Effective Time, XXXX NEES intends to cause the xxx Surviving Entity to provide charitable contributions and community support within the New England region at annual levels substantially comparable to the annual level of charitable contributions and community support provided, directly or indirectly, by EUA and its public utility subsidiaries within the New England region during 1998.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Eastern Edison Co), Agreement and Plan of Merger (Eastern Utilities Associates)

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Charities. The parties agree that provision of charitable contribution and community support within the New England region serves a number of important goals. After the Effective Time, XXXX Parent intends to cause the Surviving Entity to provide charitable contributions and community support within the New England region at annual levels substantially comparable to the annual level of charitable contributions and community support provided, directly or indirectly, by EUA the Company and its public utility subsidiaries within the New England region during 1998.1997. (d)

Appears in 1 contract

Samples: Agreement and Plan of Merger (New England Electric System)

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