Common use of Lending of Funds Clause in Contracts

Lending of Funds. The Service Company shall transfer to Participating Companies needing funds such funds as required. If insufficient funds are available in the Money Pool to meet the needs of Participating Companies, the Treasurer of the Service Corporation, or a designee thereof, shall request that the Parent Company make a deposit equal to the shortfall. In situations in which limited funds are available in the Money Pool for loans, Pepco, ACE and Delmarva will have first priority for such available funds. Nothing in this Agreement restricts the ability of the Parent Company to lend funds directly to any associate company. Section 1.4.

Lending of Funds. The Service Company shall transfer to Participating Companies needing funds such funds as required. If insufficient funds are available in the Money Pool to meet the needs of Participating Companies, the Treasurer of the Service Corporation, or a designee thereof, shall request that the Parent Company make a deposit equal to the shortfall. In situations in which limited funds are available in the Money Pool for loans, Pepco, ACE and Delmarva will have first priority for such available funds. Nothing in this Agreement restricts the ability of the Parent Company to lend funds directly to any associate company. Section 1.4.

Lending of Funds. The Service Company shall transfer to Participating Companies needing funds such funds as required. If insufficient funds are available in the Money Pool to meet the needs of Participating Companies, the Treasurer of the Service CorporationCompany, or a designee thereof, shall request that the Parent Company make a deposit equal to the shortfall. In situations in which limited funds are available in the Money Pool for loans, Pepco, ACE and Delmarva will the operating utility companies shall have first priority for such available funds. Nothing in this Agreement restricts the ability of the Parent Company to lend funds directly to any associate company. Section 1.4.

Lending of Funds. The Service Company shall transfer to Participating Companies needing funds such funds as required. If insufficient funds are available in the Money Pool to meet the needs of Participating Companies, the Treasurer of the Service Corporation, or a designee thereof, Corporation shall request that the Parent Company make a deposit equal to the shortfall. In situations in which limited funds are available Each borrowing company shall be deemed to have borrowed from each depositing company an amount equal to the proportion of the depositing company's deposit to the total amount on deposit in the Money Pool for loans, Pepco, ACE and Delmarva will have first priority for such available fundsPool. Nothing in this Agreement restricts the ability of the Parent Company to lend funds directly to any associate company. Section 1.4.