Common use of Rights to Purchase Fund Clause in Contracts

Rights to Purchase Fund. Notwithstanding anything else in the Indenture or this Agreement to the contrary, neither the Authority nor the Company shall have any rights to or interest in the Purchase Fund or any amounts in it. The Company acknowledges that it has no right, title or interest in the Purchase Fund or in any amounts in it at any time and disclaims any such right, title or interest and further acknowledges that the Paying Agent shall have the sole right of withdrawal from that Fund.‌

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Rights to Purchase Fund. Notwithstanding anything else in the Indenture or this Agreement to the contrary, neither the Authority nor the Company Borrower shall have any rights to or interest in the Purchase Fund or any amounts in it. The Company Borrower acknowledges that it has no right, title or interest in the Purchase Fund or in any amounts in it at any time and disclaims any such right, title or interest and further acknowledges that the Paying Tender Agent shall have the sole right of withdrawal from that Fund.‌Fund.

Appears in 3 contracts

Samples: Loan Agreement (Commonwealth Edison Co), Loan Agreement (Commonwealth Edison Co), Loan Agreement (Commonwealth Edison Co)

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Rights to Purchase Fund. Notwithstanding anything else in the Indenture or this Agreement to the contrary, neither the Authority nor the Company shall have any rights to or interest in the Purchase Fund or any amounts in it. The Company acknowledges that it has no right, title or interest in the Purchase Fund or in any amounts in it at any time and disclaims any such right, title or interest and further acknowledges that the Paying Agent shall have the sole right of withdrawal from that Fund.‌Fund.

Appears in 1 contract

Samples: Loan Agreement

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