Common use of Money Market Borrowings Clause in Contracts

Money Market Borrowings. (a) The Money Market Option. In addition to Borrowings pursuant to Section 2.1, the Borrower may, as set forth in this Section, (on behalf of itself or the applicable Co-Borrower) request the Banks during the Revolving Credit Period to make offers to make Money Market Loans in Dollars or any Alternate Currency to the Borrower or the applicable Co-Borrower. The Banks may, but shall have no obligation to, make such offers and the Borrower may (on behalf of itself or the applicable Co-Borrower), but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 2 contracts

Samples: Credit Agreement (MEADWESTVACO Corp), Credit Agreement (MEADWESTVACO Corp)

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Money Market Borrowings. (a) The Money Market Option. In addition to Syndicated Borrowings pursuant to Section 2.12.01, the each Borrower may, as set forth in this Section, (on behalf of itself or the applicable Co-Borrower) request the Banks (or, if the Borrower has requested Money Market Quotes only from Qualifying Banks pursuant to subsection (b)(iii) of this Section, the Qualifying Banks) during the Revolving Credit Period to make offers to make Money Market Loans in Dollars or any Alternate Currency to the Borrower or the applicable Co-such Borrower. The Banks may, but shall have no obligation to, make such offers and the Borrower may (on behalf of itself or the applicable Co-Borrower)may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Atlantic Richfield Co /De)

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Money Market Borrowings. (a) The Money Market Option. In addition to Revolving Credit Borrowings pursuant to Section 2.12.01, but within the limitations of the Revolving Credit Commitments as contemplated by Sections 3.04(b) and (c), the Borrower may, as set forth in this Section, request (on behalf of itself or the applicable Co-Borrowerbut is not obligated to request) request the Banks during from time to time prior to the Revolving Credit Period Termination Date to make offers to make Money Market Loans in Dollars or any Alternate Currency to the Borrower or the applicable Co-Borrower. The Banks maymay make, but shall have no obligation toto make, make such offers and the Borrower may (on behalf of itself or the applicable Co-Borrower)accept, but shall have no obligation toto accept, accept any such offers in the manner set forth in this Section.

Appears in 1 contract

Samples: Credit Agreement (Norfolk Southern Corp)

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