Common use of Rights to Borrow Clause in Contracts

Rights to Borrow. Subject to the provisions of Section 1.4(b) of this Agreement, short-term borrowing needs of the Parties, with the exception of Ameren, may be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than Ameren) 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"). AmerenUE’s aggregate principal amount of borrowings outstanding at any one time from the Utility Money Pool will be limited to Five Hundred Million Dollars ($500,000,000.00). Each Party (other than Ameren) 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 relevant 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, Ameren.

Appears in 1 contract

Samples: Utility Money Pool Agreement

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Rights to Borrow. Subject to the provisions of Section 1.4(b) of this Agreement, short-term borrowing needs of the Parties, with the exception of AmerenAmeren and AERG, may be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than AmerenAmeren and AERG) 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"). AmerenUE’s aggregate principal amount of borrowings outstanding at any one time from the Utility Money Pool will be limited to Five Hundred Million Dollars ($500,000,000.00)500 million. Each Party (other than AmerenAmeren and AERG) 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 relevant 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, AmerenAmeren or AERG.

Appears in 1 contract

Samples: Utility Money Pool Agreement

Rights to Borrow. Subject to the provisions of Section 1.4(b) of this Agreement, short-term borrowing needs of the Parties, with the exception of AmerenAmeren and AERG, may be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than AmerenAmeren and AERG) 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"). AmerenUE’s 's aggregate principal amount of borrowings outstanding at any one time from the Utility Money Pool will be limited to Five Hundred Million Dollars ($500,000,000.00)500 million. Each Party (other than AmerenAmeren and AERG) 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 relevant 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, AmerenAmeren or AERG.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Ameren Corp)

Rights to Borrow. Subject to the provisions of Section 1.4(b) of this Agreement, short-term borrowing needs of the Parties, with the exception of Ameren, may be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than Ameren) 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"). AmerenUE’s aggregate principal amount of borrowings outstanding at any one time from the Utility Money Pool will be limited to Five Hundred Million Dollars ($500,000,000.00)500 million. Each Party (other than Ameren) 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 relevant 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, Ameren.

Appears in 1 contract

Samples: Utility Money Pool Agreement

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Rights to Borrow. Subject to the provisions of Section 1.4(b) of this Agreement, short-term borrowing needs of the Parties, with the exception of AmerenAmeren and AERG, may be met by funds in the Utility Money Pool to the extent such funds are available. Each Party (other than AmerenAmeren and AERG) 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"). AmerenUE’s aggregate principal amount of borrowings outstanding at any one time from the Utility Money Pool will be limited to Five Hundred Million Dollars ($500,000,000.00)500 million. Each Party (other than AmerenAmeren and AERG) 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 relevant 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 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, AmerenAmeren or AERG.

Appears in 1 contract

Samples: Utility Money Pool Agreement (Amerenenergy Generating Co)

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