Common use of Failure to Approve Capital Structure Clause in Contracts

Failure to Approve Capital Structure. If the Minnesota Public Utilities Commission or any other governmental authority of appropriate jurisdiction shall issue an order finally determining not to approve, or finally disapproving of, this Agreement, the Borrower will terminate the Commitments and repay the Loans within sixty (60) days after such order becoming final (or within such shorter period as such order shall provide for such termination and repayment).

Appears in 5 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

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Failure to Approve Capital Structure. If the Minnesota Public Utilities Commission or any other governmental authority of appropriate jurisdiction shall issue an order finally determining not to approve, or finally disapproving of, this Agreement, the Borrower will terminate the Commitments and repay the Loans within sixty thirty (6030) days after such order becoming final (or within such shorter period as such order shall provide for such termination and repayment).

Appears in 3 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

Failure to Approve Capital Structure. If the Minnesota Public Utilities Commission or any other governmental authority of appropriate jurisdiction shall issue an order finally determining not to approve, or finally disapproving of, this Agreement, the Borrower will terminate the Commitments and repay the Loans Loan within sixty thirty (6030) days after such order becoming final (or within such shorter period as such order shall provide for such termination and repayment).

Appears in 1 contract

Samples: Credit Agreement (Otter Tail Corp)

Failure to Approve Capital Structure. If the Minnesota Public Utilities Commission or any other governmental authority of appropriate jurisdiction shall issue an order finally determining not to approve, or finally disapproving of, this Agreement, the Borrower will terminate the Commitments Commitment and repay the Loans within sixty thirty (6030) days after such order becoming final (or within such shorter period as such order shall provide for such termination and repayment).

Appears in 1 contract

Samples: Credit Agreement (Otter Tail Corp)

Failure to Approve Capital Structure. If the Minnesota Public Utilities Commission or any other governmental authority of appropriate jurisdiction shall issue an order finally determining not to approve, or finally disapproving of, this Agreement, the Borrower will terminate the Commitments and repay the Loans within sixty (60) days after such order becoming final (or within such shorter period as such order shall provide for such termination and repayment).

Appears in 1 contract

Samples: Credit Agreement (Otter Tail Corp)

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Failure to Approve Capital Structure. If the Minnesota Public Utilities Commission or any other governmental authority of appropriate jurisdiction shall issue an order finally determining not to approve, or finally disapproving of, this Agreement, the Borrower will terminate the Commitments and repay the Loans Loan within sixty (60) days after such order becoming final (or within such shorter period as such order shall provide for such termination and repayment).

Appears in 1 contract

Samples: Credit Agreement (Otter Tail Corp)

Failure to Approve Capital Structure. If the Minnesota Public Utilities Commission or any other governmental authority of appropriate jurisdiction shall issue an order finally determining not to approve, or finally disapproving of, this Agreement, the Borrower will either (a) terminate the Commitments and immediately or (b) if the Loans have been made, repay the Loans within sixty (60) 60 days after such order becoming final (or within such shorter period as such order shall provide for such termination and repayment).

Appears in 1 contract

Samples: Term Loan Agreement (Otter Tail Corp)

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