Common use of Transfer of Office Clause in Contracts

Transfer of Office. (a) Each Bank may transfer and carry its ------------------ Loans at, to or for the account of any branch office, subsidiary or affiliate of such Bank; provided that such Bank shall continue to bear all of its obligations -------- under this Agreement; and provided further that the Borrowers shall not be -------- ------- responsible for costs arising under (S) 1.8, 2.5 or 3.4 resulting from any such transfer to the extent not otherwise applicable to such Bank prior to such transfer.

Appears in 3 contracts

Samples: Pp&l Inc, Pp&l Resources Inc, PPL Electric Utilities Corp

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Transfer of Office. (a) Each Bank may transfer and carry its ------------------ Loans at, to or for the account of any branch office, subsidiary or affiliate of such Bank; provided that such Bank shall continue to bear all of its obligations -------- under this Agreement; and provided further that the Borrowers shall not be -------- ------- responsible for costs arising under (S) Section 1.8, 2.5 or 3.4 resulting from any such transfer to the extent not otherwise applicable to such Bank prior to such transfer.

Appears in 2 contracts

Samples: Pp&l Inc, Pp&l Resources Inc

Transfer of Office. (a) Each Bank may transfer and carry its ------------------ Loans at, to or for the account of any branch office, subsidiary or affiliate of such Bank; provided that such Bank shall continue to bear all of its obligations -------- under this Agreement; and provided further that the Borrowers shall not be -------- ------- responsible for costs arising under (S) Sections 1.8, 2.5 or 3.4 resulting from any such transfer to the extent not otherwise applicable to such Bank prior to such transfer.

Appears in 2 contracts

Samples: Day Revolving Credit Agreement (Pp&l Resources Inc), Day Revolving Credit Agreement (Pp&l Inc)

Transfer of Office. (a) Each Bank may transfer and carry its ------------------ Loans at, to or for the account of any branch office, subsidiary or affiliate of such Bank; provided that such Bank shall continue to bear all of its obligations -------- under this Agreement; and provided further that the Borrowers Resources shall not be -------- ------- responsible for costs arising under (S) Sec. 1.8, 2.5 or 3.4 resulting from any such transfer to the extent not otherwise applicable to such Bank prior to such transfer.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Pennsylvania Power & Light Co /Pa), Revolving Credit Agreement (Pp&l Resources Inc)

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Transfer of Office. (a) Each Bank may transfer and carry its Loans ------------------ Loans at, to or for the account of any branch office, subsidiary or affiliate of such Bank; provided that such Bank shall continue to bear all of its obligations -------- under this Agreement; and provided further that the Borrowers Borrower shall not be -------- ------- responsible for costs arising under (S) 1.81.6, 2.5 or 3.4 resulting from any such transfer to the extent not otherwise applicable to such Bank prior to such transfer.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

Transfer of Office. (az) Each Bank may transfer and carry its ------------------ Loans ------------------------ at, to or for the account of any branch office, subsidiary or affiliate of such Bank; provided that such Bank shall continue to bear all of its obligations -------- under this Agreement; and provided further that the Borrowers Borrower shall not be -------- ------- -------- responsible for costs arising under (S) 1.81.6, 2.5 or 3.4 resulting from any such transfer to the extent not otherwise applicable to such Bank prior to such transfer.

Appears in 1 contract

Samples: Credit Agreement (PPL Electric Utilities Corp)

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