Common use of Use of Cash Clause in Contracts

Use of Cash. To the maximum extent permitted under Law, if no Event of Default has occurred and is continuing with respect to PG&E, then PG&E shall have the right to use, commingle or otherwise use in its business any cash that it holds as Performance Assurance, free from any claim or right of any nature whatsoever of Party B, including any equity or right of redemption by Party B.

Appears in 5 contracts

Samples: Master Allowance/Offset Credit Purchase Agreement, Master Allowance/Offset Credit Purchase Agreement, Master Allowance/Offset Credit Purchase Agreement

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