Common use of Material Obligations Clause in Contracts

Material Obligations. Pay, and cause each Subsidiary to pay, promptly as the same shall become due each material obligation of the Company or such Subsidiary.

Appears in 4 contracts

Sources: Credit Agreement (Progress Energy Inc), Revolving Credit Agreement (Progress Energy Inc), Credit Agreement (Progress Energy Inc)

Material Obligations. Pay, and cause each Subsidiary of the Company to pay, promptly as the same shall become due each material obligation of the Company or such Subsidiary.

Appears in 4 contracts

Sources: Credit Agreement (Florida Progress Corp), Credit Agreement (Florida Progress Corp), Credit Agreement (Progress Energy Inc)