Land Acquisition Limitation. The Company will not use, directly or indirectly, 25% or more of the net proceeds of the Bonds for the acquisition of land or an interest therein.
Appears in 6 contracts
Samples: Loan Agreement (Delmarva Power & Light Co /De/), Exempt Facilities Loan Agreement (Allegheny Energy, Inc), Loan Agreement (PPL Energy Supply LLC)
Land Acquisition Limitation. The Company will did not use, directly or indirectly, 25% or more of the net proceeds of the Prior Bonds for the acquisition of land or an interest therein.
Appears in 2 contracts
Samples: Pollution Control Facilities Loan Agreement (Atlantic City Electric Co), Exempt Facilities Loan Agreement (Potomac Electric Power Co)
