Existence of Transmission Service Contract Sample Clauses

Existence of Transmission Service Contract. Inasmuch as the electric service hereunder is to be supplied over facilities not owned by the Authority, the obligation of the Authority to furnish electric service hereunder shall at all times be subject to and contingent upon the existence of a transmission service contract granting the Authority the right to use such facilities not owned by it as are necessary to the rendering of electric service hereunder; Provided, That, if the Authority acquires or constructs facilities which would enable it to furnish direct service to the Contractor, the Authority, at its option, may furnish the electric service hereunder over its own facilities.
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Existence of Transmission Service Contract. If the contract provides for Western to furnish services using the facilities of a third party, the obligation of Western shall be subject to and contingent upon the existence of a transmission service contract granting Western rights to use such facilities. If Western acquires or constructs facilities which would enable it to furnish direct service to the Contractor, Western, at its option, may furnish service over its own facilities.
Existence of Transmission Service Contract. In search as the electric service hereunder is to be supplied over facilities not owned by the United States, the obligation of the United States to furnish electric service hereunder shall at all times be subject to and contingent upon the existence of a transmission service contract granting the United States the right to use such facilities not owned by it as are necessary to the rendering of electric service hereunder; Provided, That, if the United States acquires or constructs facilities which would enable it to furnish direct service to the contractor, the United States, at its option, may furnish the electric service hereunder over its own facilities.

Related to Existence of Transmission Service Contract

  • Banking Services and Swap Agreements Each Lender or Affiliate thereof providing Banking Services for, or having Swap Agreements with, any Loan Party or any Subsidiary or Affiliate of a Loan Party shall deliver to the Administrative Agent, promptly after entering into such Banking Services or Swap Agreements, written notice setting forth the aggregate amount of all Banking Services Obligations and Swap Agreement Obligations of such Loan Party or Subsidiary or Affiliate thereof to such Lender or Affiliate (whether matured or unmatured, absolute or contingent). In furtherance of that requirement, each such Lender or Affiliate thereof shall furnish the Administrative Agent, from time to time after a significant change therein or upon a request therefor, a summary of the amounts due or to become due in respect of such Banking Services Obligations and Swap Agreement Obligations. The most recent information provided to the Administrative Agent shall be used in determining which tier of the waterfall, contained in Section 2.18(b), such Banking Services Obligations and/or Swap Agreement Obligations will be placed.

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