USB upgrade - How many licences?

Hi,
I have three machines I wish to upgrade to Lion from SL, and downloading is not an option. Can I install Lion on all three from one purchased USB upgrade, or do I have to sting myself three times over?
Thanks

Here is what I copied from the Apple Store USB Lion page:
OS X Lion Software License Agreement
The OS X Lion Software License Agreement allows you to install and use the software for your personal, non-commercial use on all the Macs you own or control that are running Mac OS X Snow Leopard or Snow Leopard Server (a Mac Computer). Commercial enterprises or educational institutions can install and use one copy of the software for use either a) by a single individual on each Mac Computer that the enterprise or educational institution owns or controls, or b) by multiple individuals on a single shared Mac Computer that the enterprise or educational institution owns or controls (for example, in a resource center or library). You can also use the software in accordance with the terms of a volume or maintenance license (purchased separately). Full license terms can be found at http://www.apple.com/legal/sla/.

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