Common use of Rights to Borrow Clause in Contracts

Rights to Borrow. Subject to the provisions of Section 1.04(c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANA, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANA) shall have the right to make short-term borrowings from the 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 Party (other than SCANA) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's Board of Directors, such Party's governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANA.

Appears in 2 contracts

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

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Rights to Borrow. Subject to the provisions of Section 1.04(c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANAFirstEnergy, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAFirstEnergy) shall have the right to make short-term borrowings from the Utility Money Pool from time to time, subject to 2 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 Party (other than SCANAFirstEnergy) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's Board of Directors, such Party's governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAFirstEnergy.

Appears in 1 contract

Samples: Agreement (Firstenergy Corp)

Rights to Borrow. Subject to the provisions of Section 1.04(c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANAExelon, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAExelon) shall have the right to make short-term borrowings from the 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 Party (other than SCANAExelon) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's ’s Board of Directors, such Party's ’s governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAExelon.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Exelon Corp)

Rights to Borrow. Subject to the provisions of Section 1.04(c) of this Agreement, short-short- term borrowing needs of the Parties, with the exception of SCANAKeySpan, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAKeySpan) shall have the right to make short-term borrowings borrowing from the 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 Party (other than SCANAKeySpan) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's Board of Directors, such Party's governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAKeySpan.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Colonial Gas Co)

Rights to Borrow. Subject to the provisions provision of Section 1.04(c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANAAGLR, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAAGLR) shall have the right to make short-term borrowings from the 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 Party party (other than SCANAAGLR) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's ’s Board of Directors, such Party's ’s governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAAGLR.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Agl Resources Inc)

Rights to Borrow. Subject to the provisions of Section 1.04(c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANAExelon, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAExelon) shall have the right to make short-term borrowings from the 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 Party (other than SCANAExelon) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's Board of Directors, such Party's governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAExelon.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Unicom Corp)

Rights to Borrow. Subject to the provisions of Section 1.04(c1.4(b) of this Agreement, all short-term borrowing needs of the Parties, with the exception of SCANAWGL Holdings, will may be met by funds in the Utility System Money Pool to the extent such funds are available. Each Party (other than SCANAWGL Holdings) shall have the right to make short-term borrowings from the 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 Party (other than SCANAWGL Holdings) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's ’s shareholders and Board of Directors, such Party's ’s governing corporate documents, and agreements binding upon such 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 Utility System Money Pool will be made to, and no borrowings through the Utility System Money Pool will be made by, SCANAWGL Holdings.

Appears in 1 contract

Samples: System Money Pool Agreement (WGL Holdings Inc)

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Rights to Borrow. Subject to the provisions provision of Section 1.04(c1.04( c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANAAGLR, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAAGLR) shall have the right to make short-term borrowings from the 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 Party party (other than SCANAAGLR) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's ’s Board of Directors, such Party's ’s governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAAGLR.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Agl Resources Inc)

Rights to Borrow. Subject to the provisions of Section 1.04(c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANAKeySpan, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAKeySpan) shall have the right to make short-term borrowings borrowing from the 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 Party (other than SCANAKeySpan) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's Board of Directors, such Party's governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAKeySpan.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Boston Gas Co)

Rights to Borrow. Subject to the ---------------- provisions of Section 1.04(c1.4(b) of this Agreement, all short-term borrowing needs of the Parties, with the exception of SCANAAmeren, will may be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAAmeren) shall have the right to make short-term borrowings from the 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 Party (other than SCANAAmeren) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's shareholders and Board of Directors, such Party's governing corporate documents, and agreements binding upon such Party. No Party shall be obligated to borrow from the Utility Money Pool if lower cost funds can be obtained from external borrowing. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAAmeren.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Ameren Corp)

Rights to Borrow. Subject to the provisions of Section 1.04(c) of this Agreement, short-term borrowing needs of the Parties, with the exception of SCANAKeySpan, will be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than SCANAKeySpan) shall have the right to make short-term borrowings from the 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 Party (other than SCANAKeySpan) may request loans from the 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 Party hereunder shall not exceed the applicable borrowing limits set forth in applicable orders of the SEC and other regulatory authorities, resolutions of such Party's Board of Directors, such Party's governing corporate documents, and agreements binding upon such Party. No loans through the Utility Money Pool will be made to, and no borrowings through the Utility Money Pool will be made by, SCANAKeySpan.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Keyspan Corp)

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