Common use of Disposition of Pledged Bonds by Administrative Agent Clause in Contracts

Disposition of Pledged Bonds by Administrative Agent. The Borrower further agrees to do or cause to be done all such other reasonable acts and things as may be necessary to make any disposition or sale of any portion or all of the Pledged Bonds by the Administrative Agent permitted by this Agreement valid and binding and in compliance with applicable law, all at the Borrower’s expense.

Appears in 4 contracts

Samples: Credit Agreement (South Jersey Gas Co/New), Credit Agreement (South Jersey Industries Inc), Credit Agreement (South Jersey Industries Inc)

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Disposition of Pledged Bonds by Administrative Agent. The Borrower Obligors further agrees agree to do or cause to be done all such other reasonable acts and things as may be necessary to make any disposition or sale of any portion or all of the Pledged Bonds by the Administrative Agent permitted by this Agreement valid and binding and in compliance with applicable law, all at the Borrower’s Obligors' expense.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement (South Jersey Industries Inc)

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