Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof and as presently proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.
Appears in 13 contracts
Samples: Letter of Credit and Reimbursement Agreement (PPL Energy Supply LLC), Revolving Credit Agreement (PPL Energy Supply LLC), Credit Agreement (PPL Energy Supply LLC)
Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof and as presently proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Agreement (PPL Electric Utilities Corp), Credit Agreement (PPL Electric Utilities Corp)
Rights to Properties. The Borrower and its Restricted -------------------- Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof and as presently proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (PPL Corp), Credit Agreement (PPL Corp)
Rights to Properties. The Borrower Company and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Closing Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Letter of Credit Issuance and Reimbursement Agreement (LG&E & KU Energy LLC)
Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Escrow Closing Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.
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Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Effective Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.
Appears in 1 contract
Rights to Properties. The Borrower Company and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Amendment Closing Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Letter of Credit Issuance and Reimbursement Agreement (PPL Electric Utilities Corp)