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
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)
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
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