Supply and Purchase Contracts. The Borrower will not, and will not permit any Subsidiary to, enter into or be a party to any contract for the purchase of materials, supplies or other property if such contract requires that payment for such materials, supplies or other property shall be made regardless of whether or not delivery is ever made or tendered of such materials, supplies and other property, except in those circumstances and involving those supply or purchase contracts that the Borrower reasonably considers to be necessary or helpful in its operations in the ordinary course of business and that the Borrower reasonably considers not to be unnecessarily burdensome on the Borrower or its Subsidiaries.
Appears in 10 contracts
Samples: Revolving Credit Agreement (Southern Union Co), Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)
Supply and Purchase Contracts. The Borrower will not, ----------------------------- and will not permit any Subsidiary to, enter into or be a party to any contract for the purchase of materials, supplies or other property if such contract requires that payment for such materials, supplies or other property shall be made regardless of whether or not delivery is ever made or tendered of such materials, supplies and other property, except in those circumstances circum- stances and involving those supply or purchase contracts that the Borrower reasonably considers to be necessary or helpful in its operations in the ordinary course of business and that the Borrower Bor- rower reasonably considers not to be unnecessarily burdensome on the Borrower or its Subsidiaries.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Southern Union Co), Revolving Credit Agreement (Southern Union Co)
Supply and Purchase Contracts. The Borrower Borrowers will not, and will not permit any Subsidiary of their respective Subsidiaries to, enter into or be a party to any contract for the purchase of materials, supplies or other property if such contract requires that payment for such materials, supplies or other property shall be made regardless of whether or not delivery is ever made or tendered of such materials, supplies and other property, except in those circumstances and involving those supply or purchase contracts that the Borrower Borrowers reasonably considers to be necessary or helpful in its operations in the ordinary course of business and that the Borrower Borrowers reasonably considers consider not to be unnecessarily burdensome on the Borrower Parent or its Subsidiaries.
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