Common use of Property; Franchises Clause in Contracts

Property; Franchises. The Company owns or has sufficient rights and consents to use under existing franchises, easements, leases, and license agreements all properties, rights and assets necessary for the conduct of its businesses and operations as currently conducted, except where the failure to own or have sufficient rights and consents to use such properties, rights and assets would not, individually or in the aggregate, have a Material Adverse Effect. The Company is duly authorized and franchised by the state of New Hampshire to carry on its utility operations as presently being conducted and such franchise is unlimited as to time and subject to no burdensome restrictions. Except as set forth on Schedule 3.20, since December 31, 1990, no state regulatory body has denied the request of the Company to include in rate base for recovery any asset then in utility service in the amount of $100,000 or more.

Property; Franchises. The Company owns or has sufficient rights and consents to use under existing franchises, easements, leases, and license agreements all properties, rights and assets necessary for the conduct of its businesses and operations as currently conducted, except where the failure to own or have sufficient rights and consents to use such properties, rights and assets would not, individually or in the aggregate, have a Material Adverse Effect. The Company is duly authorized and franchised by the state Commonwealth of New Hampshire Massachusetts to carry on its utility operations as presently being conducted and such franchise is unlimited as to time and subject to no burdensome restrictions. Except as set forth on Schedule 3.20, since December 31, 1990, no state regulatory body has denied the request of the Company to include in rate base for recovery any asset then in utility service in the amount of $100,000 or more.

Property; Franchises. The Company owns or has sufficient rights and consents to use under existing franchises, easements, leases, and license agreements all properties, rights and assets necessary for the conduct of its businesses and operations as currently conducted, except where the failure to own or have sufficient rights and consents to use such properties, rights and assets would not, individually or in the aggregate, have a Material Adverse Effect. The Company is duly authorized and franchised by the state of New Hampshire York to carry on its utility operations as presently being conducted and such franchise is unlimited as to time and subject to no burdensome restrictions. Except as set forth on Schedule 3.20, since December 31, 1990, no state regulatory body has denied the request of the Company to include in rate base for recovery any asset then in utility service in the amount of $100,000 or more.

Property; Franchises. The Company owns or has sufficient rights and consents to use under existing franchises, easements, leases, and license agreements all properties, rights and assets necessary for the conduct of its businesses and operations as currently conducted, except where the failure to own or have sufficient rights and consents to use such properties, rights and assets would not, individually or in the aggregate, have a Material Adverse Effect. The Company is duly authorized and franchised by the state of New Hampshire Connecticut to carry on its utility operations as presently being conducted and such franchise is unlimited as to time and subject to no burdensome restrictions. Except as set forth on Schedule 3.20, since December 31, 1990, no state regulatory body has denied the request of the Company to include in rate base for recovery any asset then in utility service in the amount of $100,000 or more.