Common use of Covenant Not to Merge Clause in Contracts

Covenant Not to Merge. Consolidate, Enter into a Share Exchange, Sell or Convey Property Except Under Certain Conditions................................................................56 Section 9.2. Rights and Duties of Successor Corporation.....................................................56 Section 9.3. Officers' Certificate and Opinion of Counsel Given to Purchase Contract Agent..................57 ARTICLE X COVENANTS Section 10.1. Performance Under Purchase Contracts...........................................................57 Section 10.2. Maintenance of Office or Agency................................................................57 Section 10.3. Company to Reserve Common Stock................................................................58 Section 10.4. Covenants as to Common Stock...................................................................58 Section 10.5. Statements of Officers of the Company as to Default............................................58 Section 10.6. ERISA..........................................................................................58 EXHIBITS EXHIBIT A Form of Corporate Unit Certificate EXHIBIT B Form of Treasury Unit Certificate EXHIBIT C Instruction to Purchase Contract Agent EXHIBIT D Notice from Purchase Contract Agent to Holders (Transfer of Collateral upon Occurrence of a Termination Event) EXHIBIT E Notice to Settle by Cash EXHIBIT F Notice from Purchase Contract Agent to Collateral Agent and Indenture Trustee (Settlement of Purchase Contract through Remarketing) EXHIBIT G Notice from Holder to Indenture Trustee (Election to Tender for Purchase Senior Notes in the Remarketing) PURCHASE CONTRACT AGREEMENT, dated as of ______, 200_, between KEYSPAN CORPORATION, a New York corporation (the "Company"), and __________, a ______, acting as purchase contract agent for the Holders of Securities from time to time (the "Purchase Contract Agent").

Covenant Not to Merge. Consolidate, Enter into a Share Exchange, Sell or Convey Property Except Under Certain Conditions................................................................56 Conditions ..............................................................60 Section 9.2. Rights and Duties of Successor Corporation.....................................................56 .......................................................61 Section 9.3. Officers' Certificate Officers'Certificate and Opinion of Counsel Given to Purchase Contract Agent..................57 .....................61 ARTICLE X COVENANTS Covenants..............................................................................................61 Section 10.1. Performance Under Purchase Contracts...........................................................57 ............................................................61 Section 10.2. Maintenance of Office or Agency................................................................57 .................................................................61 Section 10.3. Company to Reserve Common Stock................................................................58 .................................................................62 Section 10.4. Covenants as to Common Stock...................................................................58 ....................................................................62 Section 10.5. Statements of Officers of the Company as to Default............................................58 .............................................62 Section 10.6. ERISA..........................................................................................58 EXHIBITS ...........................................................................................63 EXHIBIT A Form of Corporate Unit Certificate FORM OF PEPS UNITS CERTIFICATE................................................................. 1 EXHIBIT B Form of Treasury Unit Certificate FORM OF TREASURY PEPS UNITS CERTIFICATE........................................................ 1 EXHIBIT C Instruction to Purchase Contract Agent INSTRUCTION TO PURCHASE CONTRACT AGENT......................................................... 1 EXHIBIT D Notice from Purchase Contract Agent to Holders (Transfer of Collateral upon Occurrence of a Termination Event) NOTICE FROM PURCHASE CONTRACT AGENT TO HOLDERS................................................. 1 EXHIBIT E Notice to Settle by Cash NOTICE TO SETTLE BY CASH....................................................................... 1 EXHIBIT F Notice from Purchase Contract Agent to Collateral Agent and Indenture Trustee (Settlement of Purchase Contract through Remarketing) EXHIBIT G Notice from Holder to Indenture Trustee (Election to Tender for Purchase Senior Notes in the Remarketing) NOTICE FROM PURCHASE CONTRACT AGENT TO COLLATERAL AGENT AND SENIOR TRUSTEE..................... 1 PURCHASE CONTRACT AGREEMENT, dated as of __September ____, 200_1999, between KEYSPAN CORPORATIONUTILICORP UNITED INC., a New York Delaware corporation (the "Company"), and __________BANK ONE TRUST COMPANY, NA, a ______national banking association, acting as purchase contract agent for the Holders of Securities from time to time (the "Purchase Contract Agent").

Covenant Not to Merge. Consolidate, Enter into a Share Exchange, Sell or Convey Property Except Under Certain Conditions................................................................56 ....................62 Section 9.2. Rights and Duties of Successor Corporation.....................................................56 ....................62 Section 9.3. Officers' Certificate and Opinion of Counsel Given to Purchase Contract Agent..................57 .............................................................63 ARTICLE X COVENANTS Covenants...........................................................63 Section 10.1. Performance Under Purchase Contracts...........................................................57 .........................63 Section 10.2. Maintenance of Office or Agency................................................................57 ..............................63 Section 10.3. Company to Reserve Common Stock................................................................58 ..............................64 Section 10.4. Covenants as to Common Stock...................................................................58 .................................64 Section 10.5. Statements of Officers of the Company as to Default............................................58 ..........64 Section 10.6. ERISA..........................................................................................58 EXHIBITS ........................................................64 EXHIBIT A Form of Corporate Unit Certificate FORM OF PEPS UNITS CERTIFICATE...............................1 EXHIBIT B Form of Treasury Unit Certificate FORM OF TREASURY PEPS UNITS CERTIFICATE......................1 EXHIBIT C Instruction to Purchase Contract Agent INSTRUCTION TO PURCHASE CONTRACT AGENT.......................1 EXHIBIT D Notice from Purchase Contract Agent to Holders (Transfer of Collateral upon Occurrence of a Termination Event) NOTICE FROM PURCHASE CONTRACT AGENT TO HOLDERS...............1 EXHIBIT E Notice to Settle by Cash NOTICE TO SETTLE BY CASH.....................................1 EXHIBIT F Notice from Purchase Contract Agent to Collateral Agent and Indenture Trustee (Settlement of Purchase Contract through Remarketing) EXHIBIT G Notice from Holder to Indenture Trustee (Election to Tender for Purchase Senior Notes in the Remarketing) NOTICE FROM PURCHASE CONTRACT AGENT TO COLLATERAL AGENT AND SENIOR TRUSTEE.....................................1 PURCHASE CONTRACT AGREEMENT, dated as of __September ____, 200_1999, between KEYSPAN CORPORATIONUTILICORP UNITED INC., a New York Delaware corporation (the "Company"), and __________THE CHASE MANHATTAN BANK, a ______New York banking association, acting as purchase contract agent for the Holders of Securities from time to time (the "Purchase Contract Agent").