Common use of Investments in System Money Pool Clause in Contracts

Investments in System Money Pool. Each Party will determine each day, on the basis of relevant factors determined in such Party’s sole discretion, the amount of funds it has available to invest in the System Money Pool, and will invest such funds in the System Money Pool. The amount of each Party’s investments in the System Money Pool shall be evidenced by the records of the Administrative Agent, which shall be conclusive and binding upon all Parties. Each Party may withdraw any of its invested funds from the System Money Pool at any time upon notice to the Administrative Agent.

Appears in 3 contracts

Samples: System Money Pool Agreement (Columbia Pipeline Group, Inc.), System Money Pool Agreement (Columbia Pipeline Partners LP), System Money Pool Agreement (Columbia Pipeline Partners LP)

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Investments in System Money Pool. Each Party will determine each day, on the basis of relevant factors determined in such Party’s 's sole discretion, the amount of funds it has available to invest in the System Money Pool, and will invest such funds in the System Money Pool. The amount of each Party’s 's investments in the System Money Pool shall be evidenced by the records of the Administrative Agent, which shall be conclusive and binding upon all Parties. Each Party may withdraw any of its invested funds from the System Money Pool at any time upon notice to the Administrative Agent.

Appears in 1 contract

Samples: System Money Pool Agreement (Nisource Inc/De)

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