Common use of Material Obligations Clause in Contracts

Material Obligations. Pay, and cause each Significant Subsidiary to pay, promptly as the same shall become due each material obligation of the Borrower or such Significant Subsidiary.

Appears in 7 contracts

Samples: Credit Agreement (Progress Energy Inc), Credit Agreement (Carolina Power & Light Co), Credit Agreement (Progress Energy Inc)

AutoNDA by SimpleDocs

Material Obligations. Pay, and cause each Significant Subsidiary to pay, promptly as the same shall become due each material obligation of the Borrower or such Significant Subsidiary.

Appears in 4 contracts

Samples: 364 Day Revolving Credit Agreement (Cp&l Energy Inc), Credit Agreement (Progress Energy Inc), Credit Agreement (Florida Progress Corp)

AutoNDA by SimpleDocs

Material Obligations. Pay, and cause each Significant Subsidiary to pay, promptly as the same shall become due each material obligation of the Borrower or such Significant Subsidiary."

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Progress Energy Inc), Credit Agreement (Progress Energy Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!