Common use of Financing Activities Clause in Contracts

Financing Activities. The Company shall, and shall cause its Subsidiaries to, cooperate, to the fullest extent commercially reasonable and practicable, with Parent's requests with respect to refinancing by the Company and its Subsidiaries of the current maturities of any of their indebtedness, and any repurchase, redemption or prepayment by the Company or any of its Subsidiaries of any of their indebtedness that may be required prior to or because of the Mergers or that Parent may request that the Company or any of its Subsidiaries effect prior to the Mergers, so as to permit Parent to have the maximum opportunity to refinance, on or promptly after the Closing Date without any penalty except as may be due pursuant to the terms of the Company's or its Subsidiaries' indebtedness as in effect on the date of this Agreement, any of the Company's or its Subsidiaries' indebtedness outstanding on the Closing Date; provided, however, that neither the Company nor any of its Subsidiaries shall be required to consummate prior to the Effective Time any such refinancing, repurchase, redemption or repayment requested by Parent.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Southern Union Co), Agreement and Plan of Merger (Valley Resources Inc /Ri/)

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Financing Activities. The Company PVY shall, and shall cause its Subsidiaries to, cooperate, to the fullest extent commercially reasonable and practicable, with ParentSUG's requests with respect to refinancing by the Company and its Subsidiaries Acquired Companies of the current maturities of any of their indebtedness, and any repurchase, redemption or prepayment by any of the Company or Acquired Companies of any of its Subsidiaries of any of their indebtedness or preferred stock that may be required prior to or because of the Mergers or that Parent SUG may request that the Company or any of its Subsidiaries effect prior to the MergersAcquired Companies effect, so as to permit Parent SUG to have the maximum opportunity to refinance, on or promptly after the Closing Date without any penalty except as may be due pursuant to the terms of the Company's or its SubsidiariesAcquired Companies' indebtedness and preferred stock as in effect on the date of this Agreement, any of the Company's or its SubsidiariesAcquired Companies' indebtedness or preferred stock outstanding on the Closing Date; provided, however, that neither the that, except as provided in Section 6.1(m), no Acquired Company nor any of its Subsidiaries shall be required to consummate prior to the Effective Time any such refinancing, repurchase, redemption or repayment requested by ParentSUG.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Providence Energy Corp), Agreement and Plan of Merger (Southern Union Co)

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Financing Activities. The Company FAL shall, and shall cause its Subsidiaries -------------------- to, cooperate, to the fullest extent commercially reasonable and practicable, with ParentSUG's requests with respect to refinancing by the Company and its Subsidiaries Acquired Companies of the current maturities of any of their indebtedness, and any repurchase, redemption or prepayment by any of the Company or Acquired Companies of any of its Subsidiaries of any of their indebtedness that may be required prior to or because of the Mergers Merger or that Parent SUG may request that the Company or any of its Subsidiaries Acquired Companies effect prior to the MergersMerger, so as to permit Parent SUG to have the maximum opportunity to refinance, on or promptly after the Closing Date without any penalty except as may be due pursuant to the terms of the Company's or its SubsidiariesAcquired Companies' indebtedness as in effect on the date of this Agreement, any of the Company's or its SubsidiariesAcquired Companies' indebtedness outstanding on the Closing Date; provided, however, that neither the no Acquired Company nor any of its Subsidiaries shall be required to consummate prior to the Effective Time any such refinancing, repurchase, redemption or repayment requested by ParentSUG.

Appears in 1 contract

Samples: Agreement of Merger (Jarabek Barbara)

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