Common use of Form of Loans to Parties Clause in Contracts

Form of Loans to Parties. Loans to parties from the Utility Money Pool shall be made as open-account advances, pursuant to the terms of this agreement. A separate promissory note will not be required for each individual transaction. Instead, a promissory note evidencing the terms of the transactions shall be signed by the parties to the transaction. Any such note shall; (a) be in substantially the form filed as Exhibit 3.1 to AGLR’s Form U-1 Application-Declaration (SEC File No. ______); (b) be dated as of the date of the initial borrowing; (c) mature on demand or on a date agreed by the Parties to the transaction, but in any event not later than one year from the date of the applicable borrowing; and (d) be repayable in whole at any time or in part from time to time, without premium or penalty.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Agl Resources Inc)

AutoNDA by SimpleDocs

Form of Loans to Parties. Loans to parties from the Non-Utility Money Pool shall be made as open-account advances, pursuant to the terms of this agreement. A separate promissory note will not be required for each individual transaction. Instead, a promissory note evidencing the terms of the transactions shall be signed by the parties to the transaction. Any such note shall; (a) be in substantially the form filed as Exhibit 3.1 3.2 to AGLR’s Form U-1 Application-Declaration (SEC File No. ______); (b) be dated as of the date of the initial borrowing; (c) mature on demand or on a date agreed by the Parties to the transaction, but in any event not later than one year from the date of the applicable borrowing; and (d) be repayable in whole at any time or in part from time to time, without premium or penalty.

Appears in 1 contract

Samples: Non Utility Money Pool Agreement (Agl Resources Inc)

Form of Loans to Parties. Loans to parties Parties from the Utility Money Pool shall be made as open-account advances, pursuant to the terms of this agreement. A separate promissory note will not be required for each individual transaction. Instead, a promissory note evidencing the terms of the transactions shall be signed by the parties Parties to the transaction. Any such note shall; : (a) be in substantially the form filed as Exhibit 3.1 L-2 to AGLR’s 's Form U-1 Application-Declaration (SEC File No. ______70-9707); (b) be dated as of the date of the initial borrowing; (c) mature on demand or on a date agreed by the Parties to the transaction, but in any event not later than one year from the date of the applicable borrowing; and (d) be repayable in whole at any time or in part from time to time, without premium or penalty.

Appears in 1 contract

Samples: Money Pool Agreement (Agl Resources Inc)

Form of Loans to Parties. Loans to parties from the Non-Utility Money Pool shall be made as open-account advances, pursuant to the terms of this agreement. A separate promissory note will not be required for each individual transaction. Instead, a promissory note evidencing the terms of the transactions shall be signed by the parties to the transaction. Any such note shall; (a) be in substantially insubstantially the form filed as Exhibit 3.1 L-2 to AGLR’s Form U-1 Application-Declaration (SEC File No. ______70-9707); (b) be dated as of the date of the initial borrowing; (c) mature on demand or on a date agreed by the Parties to the transaction, but in any event not later than one year from the date of the applicable borrowing; and (d) be repayable in whole at any time or in part from time to time, without premium or penalty.

Appears in 1 contract

Samples: Non Utility Money Pool Agreement (Agl Resources Inc)

AutoNDA by SimpleDocs

Form of Loans to Parties. Loans to parties from the Utility Money Pool shall be made as open-account advances, pursuant to the terms of this agreement. A separate promissory note will not be required for each individual transaction. Instead, a promissory note evidencing the terms of the transactions shall be signed by the parties to the transaction. Any such note shall; (a) be in substantially insubstantially the form filed as Exhibit 3.1 L-2 to AGLR’s Form U-1 Application-Declaration (SEC File No. ______70-9707); (b) be dated as of the date of the initial borrowing; (c) mature on demand or on a date agreed by the Parties to the transaction, but in any event not later than one year from the date of the applicable borrowing; and (d) be repayable in whole at any time or in part from time to time, without premium or penalty.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Agl Resources Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.