Contributions to Utility Money Pool. Subject to applicable regulatory restrictions, if any, each Party will determine each day, on the basis of cash flow projections and other relevant factors, in such Party's sole discretion, the amount of funds it has available for contribution to the Utility Money Pool, and will contribute such funds to the Utility Money Pool. The determination of whether a Party at any time has surplus funds to lend to the Utility Money Pool or shall lend funds to the Utility Money Pool will be made by such Party's chief financial officer or treasurer, or by a designee thereof, on the basis of cash flow projections and other relevant factors, in such Party's sole discretion. Each Party may withdraw any of its funds at any time upon notice to KCS as administrative agent of the Utility Money Pool.
Appears in 4 contracts
Samples: Utility Money Pool Agreement (Keyspan Corp), Utility Money Pool Agreement (Boston Gas Co), Utility Money Pool Agreement (Colonial Gas Co)
