Common use of Deficiencies in Revenues Clause in Contracts

Deficiencies in Revenues. If for any reason, including the Company’s being required to withhold or pay any tax imposed by reason of its obligations evidenced by the Note, amounts paid to the Trustee on the Note, together with other moneys held by the Trustee and then available, would not be sufficient to make the corresponding payments of principal or redemption price of, and interest on, the Bonds when such payments become due, the Company will pay or cause to be paid the amounts required from time to time, when due, to make up any such deficiency.

Appears in 3 contracts

Samples: Loan Agreement (Firstenergy Corp), Facilities Loan Agreement (Metropolitan Edison Co), Loan Agreement (Jersey Central Power & Light Co)

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Deficiencies in Revenues. If for any reason, including the Company’s 's being required to withhold or pay any tax imposed by reason of its obligations evidenced by the Note, amounts paid to the Trustee on the Note, together with other moneys held by the Trustee and then available, would not be sufficient to make the corresponding payments of principal and premium, if any, or redemption price of, and interest on, the Bonds when such payments become due, the Company will pay or cause to be paid the amounts required from time to time, when due, to make up any such deficiency.

Appears in 2 contracts

Samples: Loan Agreement (Ak Steel Holding Corp), Quality Facilities (Ak Steel Holding Corp)

Deficiencies in Revenues. If for any reason, including the Company’s 's being required to withhold or pay any tax imposed by reason of its obligations evidenced by the Note, amounts paid to the Trustee on the Note, together with other moneys held by the Trustee and then available, would not be sufficient to make the corresponding payments of principal or redemption price of, premium, if any, and interest on, the Bonds when such payments become due, the Company will pay or cause to be paid the amounts required from time to time, when due, to make up any such deficiency.

Appears in 1 contract

Samples: Loan Agreement (Ak Steel Holding Corp)

Deficiencies in Revenues. If for any reason, including the Company’s 's being required to withhold or pay any tax imposed by reason of its obligations evidenced by the Note, amounts paid to the Trustee on the Note, together with other moneys held by the Trustee and then available, would not be sufficient to make the corresponding payments of the principal or redemption price of, premium, if any, and interest on, the Bonds when such payments become due, the Company will pay or cause to be paid the amounts required from time to time, when due, to make up any such deficiency.

Appears in 1 contract

Samples: Control Facilities Loan Agreement (PPL Electric Utilities Corp)

Deficiencies in Revenues. If for any reason, including the Company’s 's being required to withhold or pay any tax imposed by reason of its obligations evidenced by the NoteNote or the Senior Secured Bonds, amounts paid to the Trustee on the NoteNote or the Senior Secured Bonds, together with other moneys held by the Trustee and then available, would not be sufficient to make the corresponding payments of the principal or redemption price of, premium, if any, and interest on, the Bonds when such payments become due, the Company will pay or cause to be paid the amounts required from time to time, when due, to make up any such deficiency.

Appears in 1 contract

Samples: Pollution Control Facilities Loan Agreement (PPL Electric Utilities Corp)

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Deficiencies in Revenues. If for any reason, including the Company’s being required to withhold or pay any tax imposed by reason of its obligations evidenced by the Note, amounts paid to the Trustee on the Note, together with other moneys held by the Trustee and then available, would not be sufficient to make the corresponding payments of the principal or redemption price of, premium, if any, and interest on, the Bonds when such payments become due, the Company will pay or cause to be paid the amounts required from time to time, when due, to make up any such deficiency.

Appears in 1 contract

Samples: Pollution Control Facilities Loan Agreement (PPL Energy Supply LLC)

Deficiencies in Revenues. If for any reason, including the Company’s Company being required to withhold or pay any tax imposed by reason of its obligations evidenced by the Note, amounts paid to the Trustee by the Company on the Note, together with other moneys held by the Trustee and then available, Note would not be sufficient to make the corresponding payments of the principal or redemption price of, premium, if any, and interest on, on the Bonds when such payments become due, the Company will pay or cause to be paid the amounts required from time to time, when due, time to make up any such deficiency.

Appears in 1 contract

Samples: Exempt Facilities Loan Agreement (Potomac Electric Power Co)

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