Common use of Money Held in Custody Clause in Contracts

Money Held in Custody. Money held by the Purchase Contract Agent in custody hereunder need not be segregated from the other funds except to the extent required by law or provided herein. The Purchase Contract Agent shall be under no obligation to invest or pay interest on any money received by it hereunder except as otherwise provided hereunder or agreed in writing with the Company.

Appears in 14 contracts

Samples: Stock Purchase Contract Agreement (Widepoint Corp), Purchase Contract Agreement (Cc Funding Trust Ii), Purchase Contract Agreement (International Paper Co /New/)

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Money Held in Custody. Money held by the Purchase Contract Agent in custody hereunder need not be segregated from the other funds except to the extent required by law or provided herein. The Purchase Contract Agent shall be under no obligation to invest or pay interest on any money received by it hereunder except as otherwise provided hereunder or agreed in writing with the Company.

Appears in 9 contracts

Samples: Purchase Contract Agreement (Pp&l Capital Funding Inc), Purchase Contract Agreement (CMS Energy Corp), Purchase Contract Agreement (Valero Energy Corp/Tx)

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