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 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 it may specifically agree in writing with the Company. 50

Appears in 1 contract

Samples: Purchase Contract Agreement (Aqua America Inc)

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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 62 Purchase Contract Agent shall be under no obligation to invest or pay interest on any money received by it hereunder except as it may specifically agree otherwise agreed in writing with the Company. 50.

Appears in 1 contract

Samples: Purchase Contract Agreement (Sierra Pacific Resources Capital Trust Ii)

Money Held in Custody. Money held by the Purchase Contract Agent in custody hereunder need not be segregated from 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 it may specifically agree otherwise provided hereunder or as designated in writing with by the Company. 50

Appears in 1 contract

Samples: Purchase Contract Agreement (Phoenix Companies Inc/De)

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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 it may specifically agree otherwise provided hereunder or agreed to in writing with the Company. 50.

Appears in 1 contract

Samples: Purchase Contract Agreement (Public Service Enterprise Group Inc)

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