Common use of Payments to be Sufficient to Meet DTC Requirements Clause in Contracts

Payments to be Sufficient to Meet DTC Requirements. The Company hereby acknowledges that the Bonds are intended to be issued in book-entry form through DTC and that DTC has certain timing requirements and notice requirements. The Company hereby agrees to make payments and give notices in a manner sufficient to comply from time to time with the DTC requirements, for so long as the Bonds are in book-entry form at DTC.

Appears in 7 contracts

Samples: Loan Agreement (York Water Co), Loan Agreement (York Water Co), Loan Agreement (York Water Co)

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Payments to be Sufficient to Meet DTC Requirements. The Company hereby acknowledges that the 2008A Bonds are intended to be issued in book-entry form through DTC and that DTC has certain timing requirements and notice requirements. The Company hereby agrees to make payments and give notices in a manner sufficient to comply from time to time with the DTC requirements, for so long as the 2008A Bonds are in book-entry form at DTC.

Appears in 1 contract

Samples: Loan Agreement (York Water Co)

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