Common use of Lines of Business and Hedge Activities Clause in Contracts

Lines of Business and Hedge Activities. (a) With respect to the Guarantor and each Subsidiary (other than AGL Capital Corporation), enter into any business, either directly or through any Subsidiary, except for (i) those businesses in which the Guarantor and its Subsidiaries (other than AGL Capital Corporation) and its existing joint ventures are engaged on the date of this Agreement (or, in the case of Nicor and its Subsidiaries, on the date of the consummation of the Nicor Merger), (ii) that are reasonably related or incidental to the businesses referred to in the preceding clause (i), or (iii) that are being undertaken by comparable companies in the natural gas and electric industries, (b) with respect to AGL Capital Corporation, enter into any business, except for that in which AGL Capital Corporation is engaged on the Closing Date, or (c) with respect to the Guarantor, the Applicant, and each other Group Member, enter into any Hedge Agreement except in the ordinary course of their business and consistent with industry practices.

Lines of Business and Hedge Activities. (a) With respect to the Guarantor Holdings and each Subsidiary (other than AGL Capital Corporationthe Borrower), enter into any business, either directly or through any Subsidiary, except for (i) those businesses in which the Guarantor Holdings and its Subsidiaries (other than AGL Capital Corporationthe Borrower) and its existing joint ventures are engaged on the date of this Agreement (or, in the case of Nicor and its Subsidiaries, on the date of the consummation of the Nicor Merger), (ii) that are reasonably related or incidental to the businesses referred to in the preceding clause (i), or (iii) that are being undertaken by comparable companies in the natural gas and electric electricity industries, (b) with respect to AGL Capital Corporationthe Borrower, enter into any business, except for that in which AGL Capital Corporation the Borrower is engaged on the Closing Date, or (c) with respect to the GuarantorHoldings, the ApplicantBorrower, and each other Group Member, enter into any Hedge Agreement except in the ordinary course of their business and consistent with industry practices.