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Common use of CONDITIONS OF THE OBLIGATIONS OF THE COMPANY Clause in Contracts

CONDITIONS OF THE OBLIGATIONS OF THE COMPANY. The obligations of the Company shall be subject to the following conditions: (a) The conditions as set forth in the first sentence of Section 6(a) hereof. (b) No “Tax Event” (as defined in the Indenture) shall have occurred and be continuing on the Closing Date. (c) No “Rating Agency Event” (as defined in the Indenture) shall have occurred and be continuing on the Closing Date. In case such conditions shall not have been fulfilled, this Agreement may be terminated by the Company by mailing or delivering written notice thereof to the Representatives. Any such termination shall be without liability of any party to any other party except as otherwise provided in Sections 5, 8 and 10(b) hereof.

Appears in 6 contracts

Samples: Underwriting Agreement (Southern Co), Underwriting Agreement (Southern Co), Underwriting Agreement (Southern Co)

CONDITIONS OF THE OBLIGATIONS OF THE COMPANY. The obligations of the Company shall be subject to the following conditions: (a) The conditions as set forth in the first sentence of Section 6(a) and in Section 6(b) hereof. (b) No “Tax Event” (as defined in the Indenture) shall have occurred and be continuing on the Closing Date. (c) No “Rating Agency Event” (as defined in the Indenture) shall have occurred and be continuing on the Closing Date. In case such conditions shall not have been fulfilled, this Agreement may be terminated by the Company by mailing or delivering written notice thereof to the Representatives. Any such termination shall be without liability of any party to any other party except as otherwise provided in Sections 5, 8 and 10(b) hereof.

Appears in 1 contract

Samples: Underwriting Agreement (Georgia Power Co)

CONDITIONS OF THE OBLIGATIONS OF THE COMPANY. The obligations of the Company shall be subject to the following conditions: (a) The conditions as set forth in the first sentence of Section 6(a) and in Section 6(b) hereof. (b) No “Tax Event” (as defined in the Indenture) shall have occurred and be continuing on the Closing Date. (c) No “Rating Agency Event” (as defined in the Indenture) shall have occurred and be continuing on the Closing Date. In case such conditions shall not have been fulfilled, this Agreement may be terminated by the Company by mailing or delivering written notice thereof to the Representatives. Any such termination shall be without liability of any party to any other party except as otherwise provided in Sections 5, 8 and 10(b) hereof.

Appears in 1 contract

Samples: Underwriting Agreement (Southern Co)