Financing Activities. PVY shall, and shall cause its Subsidiaries to, cooperate, to the fullest extent commercially reasonable and practicable, with SUG's requests with respect to refinancing by the Acquired Companies of the current maturities of any of their indebtedness, and any repurchase, redemption or prepayment by any of the Acquired Companies of any of its indebtedness or preferred stock that may be required because of the Mergers or that SUG may request that the Acquired Companies effect, so as to permit SUG to have the maximum opportunity to refinance, on or promptly after the Closing Date without any penalty except as may be due pursuant to the terms of the Acquired Companies' indebtedness and preferred stock as in effect on the date of this Agreement, any of the Acquired Companies' indebtedness or preferred stock outstanding on the Closing Date; provided, however, that, except as provided in Section 6.1(m), no Acquired Company shall be required to consummate prior to the Effective Time any such refinancing, repurchase, redemption or repayment requested by SUG.
Appears in 2 contracts
Samples: Merger Agreement (Providence Energy Corp), Merger Agreement (Southern Union Co)
Financing Activities. PVY The Company shall, and shall cause its Subsidiaries to, cooperate, to the fullest extent commercially reasonable and practicable, with SUGParent's requests with respect to refinancing by the Acquired Companies Company and its Subsidiaries of the current maturities of any of their indebtedness, and any repurchase, redemption or prepayment by the Company or any of the Acquired Companies its Subsidiaries of any of its their indebtedness or preferred stock that may be required prior to or because of the Mergers or that SUG Parent may request that the Acquired Companies effectCompany or any of its Subsidiaries effect prior to the Mergers, so as to permit SUG Parent to have the maximum opportunity to refinance, on or promptly after the Closing Date without any penalty except as may be due pursuant to the terms of the Acquired CompaniesCompany's or its Subsidiaries' indebtedness and preferred stock as in effect on the date of this Agreement, any of the Acquired CompaniesCompany's or its Subsidiaries' indebtedness or preferred stock outstanding on the Closing Date; provided, however, that, except as provided in Section 6.1(m), no Acquired that neither the Company nor any of its Subsidiaries shall be required to consummate prior to the Effective Time any such refinancing, repurchase, redemption or repayment requested by SUGParent.
Appears in 2 contracts
Samples: Merger Agreement (Southern Union Co), Merger Agreement (Valley Resources Inc /Ri/)
Financing Activities. PVY FAL shall, and shall cause its Subsidiaries -------------------- to, cooperate, to the fullest extent commercially reasonable and practicable, with SUG's requests with respect to refinancing by the Acquired Companies of the current maturities of any of their indebtedness, and any repurchase, redemption or prepayment by any of the Acquired Companies of any of its indebtedness or preferred stock that may be required prior to or because of the Mergers Merger or that SUG may request that the Acquired Companies effecteffect prior to the Merger, so as to permit SUG to have the maximum opportunity to refinance, on or promptly after the Closing Date without any penalty except as may be due pursuant to the terms of the Acquired Companies' indebtedness and preferred stock as in effect on the date of this Agreement, any of the Acquired Companies' indebtedness or preferred stock outstanding on the Closing Date; provided, however, that, except as provided in Section 6.1(m), that no Acquired Company shall be required to consummate prior to the Effective Time any such refinancing, repurchase, redemption or repayment requested by SUG.
Appears in 1 contract
Samples: Merger Agreement (Jarabek Barbara)