Common use of Conditions to Issuance of Commercial Paper Notes Clause in Contracts

Conditions to Issuance of Commercial Paper Notes. In addition to the conditions set forth in Sections 2.02, 6.02 and 6.03 for each Credit Event, on the date of each proposed issuance of Commercial Paper Notes hereunder the Commercial Paper Notes shall have received a rating from each rating organization which rates the Commercial Paper Notes at least as high as the rating of the Bank's own short-term debt.

Appears in 6 contracts

Samples: Credit Agreement (Entergy Arkansas Inc), Assignment and Acceptance Agreement (Entergy Louisiana Inc), Assignment and Acceptance Agreement (System Energy Resources Inc)

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Conditions to Issuance of Commercial Paper Notes. In addition to the conditions set forth in Sections 2.02, Section 6.02 and 6.03 for each Credit Event, on the date of each proposed issuance of Commercial Paper Notes hereunder the Commercial Paper Notes shall have received a rating from each rating organization which rates the Commercial Paper Notes at least as high as the rating of the Bank's own short-term debt.

Appears in 3 contracts

Samples: Credit Agreement (System Energy Resources Inc), Credit Agreement (Entergy Louisiana Inc), Credit Agreement (Entergy Arkansas Inc)

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