Common use of Requests for Loans; Accounting Clause in Contracts

Requests for Loans; Accounting. EGTS agrees to keep EEGH advised of its short-term borrowing needs, and any requests for Loans hereunder shall be for a proposed amount and Drawdown Date consistent with such short-term borrowing needs. EEGH reserves the right to require EGTS to deliver a prompt written confirmation of any oral request for a Loan, together with, if requested by EEGH, a general statement of the contemplated disposition of the proceeds. No Loan shall be in excess of the Available Credit, and no part of any Loan may mature later than the Final Maturity Date. Increases and decreases in the amounts due and payable by EGTS under this Agreement and the Note shall be evidenced by book entries, and EEGH shall maintain a current daily accounting of all Loans to EGTS under this Agreement. Such accounting shall be maintained in electronic format and shall indicate the Base Rate in effect from time to time. Upon request, EEGH shall provide EGTS copies of such current accounting.

Appears in 1 contract

Samples: Inter Company Credit Agreement (Midamerican Energy Co)

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Requests for Loans; Accounting. EGTS EEGH agrees to keep EEGH BHEGTS advised of its short-term borrowing needs, and any requests for Loans hereunder shall be for a proposed amount and Drawdown Date consistent with such short-term borrowing needs. EEGH BHEGTS reserves the right to require EGTS EEGH to deliver a prompt written confirmation of any oral request for a Loan, together with, if requested by EEGHXXXXXX, a general statement of the contemplated disposition of the proceeds. No Loan shall be in excess of the Available Credit, and no part of any Loan may mature later than the Final Maturity Date. Increases and decreases in the amounts due and payable by EGTS EEGH under this Agreement and the Note shall be evidenced by book entries, and EEGH BHEGTS shall maintain a current daily accounting of all Loans to EGTS EEGH under this Agreement. Such accounting shall be maintained in electronic format and shall indicate the Base Rate in effect from time to time. Upon request, EEGH BHEGTS shall provide EGTS EEGH copies of such current accounting.

Appears in 1 contract

Samples: Inter Company Credit Agreement (Midamerican Energy Co)

Requests for Loans; Accounting. EGTS agrees BHEGTS will endeavor to keep EEGH advised of its short-term borrowing needs, as BHEGTS deems appropriate, to help assure that EEGH has ready and any rapid access to the funds requested by BHEGTS. Any requests for Loans hereunder shall be for a proposed amount and Drawdown Date consistent with such short-term borrowing needs. EEGH reserves the right to require EGTS BHEGTS to deliver a prompt written confirmation of any oral request for a Loan, together with, if requested by EEGH, a general statement of the contemplated disposition of the proceeds. No Loan shall be in excess of the Available Credit, and no part of any Loan may mature later than the Final Maturity Date. Increases and decreases in the amounts due and payable by EGTS BHEGTS under this Agreement and the Note shall be evidenced by book entries, and EEGH shall maintain a current daily accounting of all Loans to EGTS BHEGTS under this Agreement. Such accounting shall be maintained in electronic format and shall indicate the Base Rate in effect from time to time. Upon request, EEGH shall provide EGTS BHEGTS copies of such current accounting.

Appears in 1 contract

Samples: Inter Company Credit Agreement (Midamerican Energy Co)

Requests for Loans; Accounting. EGTS agrees EEGH will endeavor to keep EEGH EGTS advised of its short-term borrowing needs, as EEGH deems appropriate, to help assure that EGTS has ready and any rapid access to the funds requested by EEGH. Any requests for Loans hereunder shall be for a proposed amount and Drawdown Date consistent with such short-term borrowing needs. EEGH EGTS reserves the right to require EGTS EEGH to deliver a prompt written confirmation of any oral request for a Loan, together with, if requested by EEGHEGTS, a general statement of the contemplated disposition of the proceeds. No Loan shall be in excess of the Available Credit, and no part of any Loan may mature later than the Final Maturity Date. Increases and decreases in the amounts due and payable by EGTS EEGH under this Agreement and the Note shall be evidenced by book entries, and EEGH EGTS shall maintain a current daily accounting of all Loans to EGTS EEGH under this Agreement. Such accounting shall be maintained in electronic format and shall indicate the Base Rate in effect from time to time. Upon request, EEGH EGTS shall provide EGTS EEGH copies of such current accounting.

Appears in 1 contract

Samples: Company Credit Agreement (Eastern Gas Transmission & Storage, Inc.)

Requests for Loans; Accounting. EGTS EEGH agrees to keep EEGH BHEGTS advised of its short-term borrowing needs, and any requests for Loans hereunder shall be for a proposed amount and Drawdown Date consistent with such short-term borrowing needs. EEGH BHEGTS reserves the right to require EGTS EEGH to deliver a prompt written confirmation of any oral request for a Loan, together with, if requested by EEGHBHEGTS, a general statement of the contemplated disposition of the proceeds. No Loan shall be in excess of the Available Credit, and no part of any Loan may mature later than the Final Maturity Date. Increases and decreases in the amounts due and payable by EGTS EEGH under this Agreement and the Note shall be evidenced by book entries, and EEGH BHEGTS shall maintain a current daily accounting of all Loans to EGTS EEGH under this Agreement. Such accounting shall be maintained in electronic format and shall indicate the Base Rate in effect from time to time. Upon request, EEGH BHEGTS shall provide EGTS EEGH copies of such current accounting.

Appears in 1 contract

Samples: Inter Company Credit Agreement (Eastern Energy Gas Holdings, LLC)

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Requests for Loans; Accounting. EGTS agrees EEGH will endeavor to keep EEGH EGTS advised of its short-term borrowing needs, as EEGH deems appropriate, to help assure that EGTS has ready and any rapid access to the funds requested by EEGH. Any requests for Loans hereunder shall be for a proposed amount and Drawdown Date consistent with such short-term borrowing needs. EEGH EGTS reserves the right to require EGTS EEGH to deliver a prompt written confirmation of any oral request for a Loan, together with, if requested by EEGHXXXX, a general statement of the contemplated disposition of the proceeds. No Loan shall be in excess of the Available Credit, and no part of any Loan may mature later than the Final Maturity Date. Increases and decreases in the amounts due and payable by EGTS EEGH under this Agreement and the Note shall be evidenced by book entries, and EEGH EGTS shall maintain a current daily accounting of all Loans to EGTS EEGH under this Agreement. Such accounting shall be maintained in electronic format and shall indicate the Base Rate in effect from time to time. Upon request, EEGH EGTS shall provide EGTS EEGH copies of such current accounting.

Appears in 1 contract

Samples: Inter Company Credit Agreement (Midamerican Energy Co)

Requests for Loans; Accounting. EGTS agrees to keep EEGH and BHE GT&S, LLC advised of its short-term borrowing needs, and any requests for Loans hereunder shall be for a proposed amount and Drawdown Date consistent with such short-term borrowing needs. EEGH reserves the right to require EGTS to deliver a prompt written confirmation of any oral request for a Loan, together with, if requested by EEGH, a general statement of the contemplated disposition of the proceeds. No Loan shall be in excess of the Available Credit, and no part of any Loan may mature later than the Final Maturity Date. Increases and decreases in the amounts due and payable by EGTS under this Agreement and the Note shall be evidenced by book entries, and EEGH shall maintain a current daily accounting of all Loans to EGTS under this Agreement. Such accounting shall be maintained in electronic format and shall indicate the Base Rate in effect from time to time. Upon request, EEGH shall provide EGTS copies of such current accounting.

Appears in 1 contract

Samples: Company Credit Agreement (Eastern Gas Transmission & Storage, Inc.)

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