Common use of Rights to Borrow Clause in Contracts

Rights to Borrow. Subject to the provisions of Section 1.4(c) of this Agreement, short-term borrowing needs of the Borrowing Parties, with the exception of Black Hills, will be met by funds in the Non-Utility Money Pool to the extent such funds are available. Each Borrowing Party shall have the right to make short-term borrowings from the Non-Utility Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission (“SEC”). Each Borrowing Party may request loans from the Non-Utility Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Borrowing Party’s Board of Directors or similar governing body, such Party’s governing corporate documents, and agreements binding upon such Borrowing Party. No loans through the Non-Utility Money Pool will be made to, and no borrowings through the Non-Utility Money Pool will be made by, Black Hills.

Appears in 3 contracts

Samples: Utility Money Pool Agreement (Black Hills Corp /Sd/), Non Utility Money Pool Agreement (Black Hills Corp /Sd/), Utility Money Pool Agreement (Black Hills Corp /Sd/)

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Rights to Borrow. Subject to the provisions of Section 1.4(c1.04(c) of this Agreement, all short-term borrowing needs of the Borrowing Parties, with the exception of Black HillsSCANA, will be met by funds in the Non-Utility Money Pool to the extent such funds are available. Each Borrowing Party (other than SCANA) shall have the right to make short-term borrowings from the Non-Utility Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission (“SEC”)Commission. Each Borrowing Party (other than SCANA) may request loans from the Non-Utility Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC Securities and Exchange Commission and other regulatory authorities, resolutions of such Borrowing Party’s 's Board of Directors or similar governing body, such Party’s 's governing corporate documents, and agreements binding upon such Borrowing Party. No loans through the Non-Non- Utility Money Pool will be made to, and no borrowings through the Non-Utility Money Pool will be made by, Black HillsSCANA.

Appears in 2 contracts

Samples: Utility Money Pool Agreement (Scana Corp), Utility Money Pool Agreement (Scana Corp)

Rights to Borrow. Subject to the provisions of Section 1.4(c---------------------------- 1.4(b) of this Agreement, all short-term borrowing needs of the Borrowing Parties, with the exception of Black HillsWGL Holdings, will may be met by funds in the Non-Utility System Money Pool to the extent such funds are available. Each Borrowing Party (other than WGL Holdings) shall have the right to make short-term borrowings from the Non-Utility System Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission ("SEC"). Each Borrowing Party (other than WGL Holdings) may request loans from the Non-Utility System Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Borrowing Party’s 's shareholders and Board of Directors or similar governing bodyDirectors, such Party’s 's governing corporate documents, and agreements binding upon such Borrowing Party. No Party shall be obligated to borrow from the System Money Pool if lower cost funds can be obtained from external borrowing. No loans through the Non-Utility System Money Pool will be made to, and no borrowings through the Non-Utility System Money Pool will be made by, Black HillsWGL Holdings.

Appears in 2 contracts

Samples: System Money Pool Agreement (WGL Holdings Inc), System Money (WGL Holdings Inc)

Rights to Borrow. Subject to the provisions provision of Section 1.4(c1.04(c) of this Agreement, short-term borrowing needs of the Borrowing Parties, with the exception of Black HillsAGLR, will be met by funds in the Non-Utility Money Pool to the extent such funds are available. Each Borrowing Party (other than AGLR) shall have the right to make short-term borrowings from the Non-Utility Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission (“SEC”). Each Borrowing Party party (other than AGLR) may request loans from the Non-Utility Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Borrowing Party’s Board of Directors or similar governing bodyDirectors, such Party’s governing corporate documents, and agreements binding upon such Borrowing Party. No loans through the Non-Utility Money Pool will be made to, and no borrowings through the Non-Utility Money Pool will be made by, Black HillsAGLR.

Appears in 1 contract

Samples: Non Utility Money Pool Agreement (Agl Resources Inc)

Rights to Borrow. Subject to the provisions of Section 1.4(c1.04(c) of this Agreement, all short-term borrowing needs of the Borrowing Parties, with the exception of Black HillsExelon, will be met by funds in the Non-Utility Money Pool to the extent such funds are available. Each Borrowing Party (other than Exelon) shall have the right to make short-short- term borrowings from the Non-Utility Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission (“SEC”)Commission. Each Borrowing Party (other than Exelon) may request loans from the Non-Utility Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC Securities and Exchange Commission and other regulatory authorities, resolutions of such Borrowing Party’s 's Board of Directors or similar governing body, such Party’s 's governing corporate documents, and agreements binding upon such Borrowing Party. No loans through the Non-Non- Utility Money Pool will be made to, and no borrowings through the Non-Non- Utility Money Pool will be made by, Black HillsExelon.

Appears in 1 contract

Samples: Non Utility Money Pool Agreement (Exelon Corp)

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Rights to Borrow. Subject to the provisions of Section 1.4(c) of this Agreement, short-term borrowing needs of the Borrowing Parties, with the exception of Black Hills, will be met by funds in the Non-Utility Money Pool to the extent such funds are available. Each Borrowing Party (other than Black Hills) shall have the right to make short-term borrowings from the Non-Utility Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission (“SEC”). Each Borrowing Party (other than Black Hills) may request loans from the Non-Utility Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Borrowing Party’s Board of Directors or similar governing body, such Party’s governing corporate documents, and agreements binding upon such Borrowing Party. No loans through the Non-Utility Money Pool will be made to, and no borrowings through the Non-Utility Money Pool will be made by, Black Hills.

Appears in 1 contract

Samples: Non Utility Money Pool Agreement (Black Hills Corp /Sd/)

Rights to Borrow. Subject to the provisions of Section 1.4(c1.04(c) of this Agreement, all short-term borrowing needs of the Borrowing Parties, with the exception of Black HillsFirstEnergy, will may be met by funds in the Non-Utility Money Pool to the extent such funds are available. Each Borrowing Party (other than FirstEnergy) shall have the right to make short-term borrowings from the Non-Utility Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission (“SEC”)Commission. Each Borrowing Party (other than FirstEnergy) may request loans from the Non-Utility Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits limits, if any, set forth in applicable orders of the SEC Securities and Exchange Commission and other regulatory authorities, resolutions of such Borrowing Party’s 's Board of Directors or similar governing body, such Party’s 's governing corporate documents, and agreements binding upon such Borrowing Party. No loans through the Non-Non- Utility Money Pool will be made to, and no borrowings through the Non-Utility Money Pool will be made by, Black HillsFirstEnergy.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Firstenergy Corp)

Rights to Borrow. Subject to the provisions provision of Section 1.4(c1.04( c) of this Agreement, short-term borrowing needs of the Borrowing Parties, with the exception of Black HillsAGLR, will be met by funds in the Non-Utility Money Pool to the extent such funds are available. Each Borrowing Party (other than AGLR) shall have the right to make short-term borrowings from the Non-Utility Money Pool from time to time, subject to the availability of funds and the limitations and conditions set forth herein and in the applicable orders of the Securities and Exchange Commission (“SEC”). Each Borrowing Party party (other than AGLR) may request loans from the Non-Utility Money Pool from time to time during the period from the date hereof until this Agreement is terminated by written agreement of the Parties; provided, however, that the aggregate amount of all loans requested by any Borrowing Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Borrowing Party’s Board of Directors or similar governing bodyDirectors, such Party’s governing corporate documents, and agreements binding upon such Borrowing Party. No loans through the Non-Utility Money Pool will be made to, and no borrowings through the Non-Utility Money Pool will be made by, Black HillsAGLR.

Appears in 1 contract

Samples: Non Utility Money Pool Agreement (Agl Resources Inc)

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