Representation by Lender. Each Lender hereby represents that it is a commercial lender or financial institution which makes loans in the ordinary course of its business and that it will make its Advances hereunder for its own account in the ordinary course of such business; provided that, subject to Sections 2.23 and 7.05, the disposition of the Advances owed to such Lender and the Notes held by such Lender shall at all times be within its exclusive control.
Appears in 5 contracts
Samples: Term Loan Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Works Company, Inc.)
Representation by Lender. Each Lender hereby represents that it is a commercial lender or financial institution which makes loans in the ordinary course of its business and that it will make its Advances hereunder for its own account in the ordinary course of such business; provided that, subject to Sections 2.23 and 7.05Section 7.05 of this Agreement, the disposition of the Advances owed to such Lender and the Notes held by such Lender shall at all times be within its exclusive control.
Appears in 2 contracts
Samples: Credit Agreement (American Water Works Company, Inc.), Credit Agreement (American Water Capital Corp.)
Representation by Lender. Each Lender hereby represents that it is a commercial lender or financial institution which makes loans in the ordinary course of its business and that it will make its Advances Loans hereunder for its own account in the ordinary course of such business; provided that, subject to Sections 2.23 and 7.05Section 7.05 of this Agreement, the disposition of the Advances owed to such Lender Loans and the Notes held by such Lender shall at all times be within its exclusive control.
Appears in 1 contract
