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 Borrower shall have any rights to or interest in the Purchase Fund or any amounts in it. The 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 Tender Agent shall have the sole right of withdrawal from that Fund.

Appears in 4 contracts

Samples: Loan Agreement (Commonwealth Edison Co), Loan Agreement (Commonwealth Edison Co), 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 Borrower Company shall have any rights to or interest in the Purchase Fund or any amounts in it. The Borrower 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 Tender Paying Agent shall have the sole right of withdrawal from that Fund.Fund.β€Œ

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Rights to Purchase Fund. Notwithstanding anything else in the Indenture or this Agreement to the contrary, neither the Authority nor the Borrower shall have any rights to or interest in the Purchase Fund or any amounts in it. The 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 Tender Agent shall have the sole right of withdrawal from that Fund.Fund.β€Œ

Appears in 1 contract

Samples: 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 Borrower Company shall have any rights to or interest in the Purchase Fund or any amounts in it. The Borrower 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 Tender Paying Agent shall have the sole right of withdrawal from that Fund.

Appears in 1 contract

Samples: Loan Agreement

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