Loan of Proceeds. The Authority agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Authority from the sale of the Bonds. Such proceeds shall be disbursed to or on behalf of the Company as provided in Sections 3.02 and 3.03 hereof.
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Samples: Loan Agreement (Agl Resources Inc), Loan Agreement (Agl Resources Inc), Loan Agreement (Agl Resources Inc)
Loan of Proceeds. The Authority agrees, upon the terms and conditions contained in this Agreement and the IndentureAgreement, to lend to the Company the proceeds received by the Authority from the sale of the Bonds. Such proceeds shall be disbursed to or on behalf of the Company as provided in Sections 3.02 and 3.03 Section 3.01 hereof.
Appears in 2 contracts
Samples: Loan Agreement (Middlesex Water Co), Loan Agreement (Middlesex Water Co)
Loan of Proceeds. The Authority agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Authority from the sale of the Bonds. Such proceeds shall be disbursed to or on behalf of the Company as provided in Sections 3.02 and Section 3.03 hereof.
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