Common use of Periodic Spread Information Clause in Contracts

Periodic Spread Information. Provided no Default or Event of Default exists, not later than 9:30 A.M. (New York City local time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by e-mail (with confirmation of receipt), telefacsimile or telephone, and MetLife will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City local time) on such Business Day, on the following Business Day), information (by e-mail (with confirmation of receipt), telefacsimile or telephone) with respect to various spreads at which MetLife Affiliates might be interested in purchasing Shelf Notes of Roanoke Gas Company Private Shelf Agreement different average lives; provided, however, that the Company may not make such requests more frequently than once in every five (5) Business Days or such other period as shall be mutually agreed to by the Company and MetLife. The amount and content of information so provided shall be in the sole discretion of MetLife but it is the intent of MetLife to provide information which will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither MetLife nor any MetLife Affiliate shall be obligated to purchase Shelf Notes at the spreads specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of (i) the fifth (5th) Business Day after such day and (ii) the first (1st) Business Day after any day on which further spread information is provided to the Company. MetLife may suspend or terminate its obligation to provide information pursuant to this Section 2(c) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.

Periodic Spread Information. Provided no Default or Event of Default exists, not Not later than 9:30 A.M. (New York City local time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by e-mail (with confirmation of receipt), telefacsimile email or telephone, and MetLife New York Life will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City local time) on such Business Day, on the following Business Day), information (by e-mail (with confirmation of receipt), telefacsimile email or telephone) with respect to various spreads and margins at which MetLife New York Life or New York Life Affiliates might be interested in purchasing Shelf Notes of Roanoke Gas Company Private Shelf Agreement different average lives; provided, however, that the Company may not make such requests more frequently than once in every five (5) Business Days or such other period as shall be mutually agreed to by the Company and MetLifeNew York Life. The amount and content of information so provided shall be in the sole discretion of MetLife New York Life but it is the intent of MetLife New York Life to provide information which that will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither MetLife New York Life nor any MetLife New York Life Affiliate shall be obligated to purchase Shelf Notes at the spreads or margins specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of (i) the fifth (5th) Business Day after such day and (ii) the first (1st) Business Day day after any such day on which further spread information is provided to the Companyprovided. MetLife New York Life may suspend or terminate its obligation to provide providing information pursuant to this Section 2(cparagraph 2A(3) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.

Periodic Spread Information. Provided no Default or Event of Default exists, not Not later than 9:30 A.M. (New York City local time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by e-mail (with confirmation of receipt), telefacsimile telecopier or telephone, and MetLife will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City local time) on such Business Day, on the following Business Day), information (by e-mail (with confirmation of receipt), telefacsimile telecopier or telephone) with respect to various spreads at which MetLife or MetLife Affiliates might be interested in purchasing Shelf Notes of Roanoke Gas Company Private Shelf Agreement different average lives; provided, however, that the Company may not make such requests more frequently than once in every five (5) Business Days or such other period as shall be mutually agreed to by the Company and MetLife. The amount and content of information so provided shall be in the sole discretion of MetLife but it is the intent of MetLife to provide information which will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither MetLife nor any MetLife Affiliate shall be obligated to purchase Shelf Notes at the spreads specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of (i) the fifth (5th) Business Day after such day and (ii) the first (1st) Business Day day after any such day on which further spread information is provided to the Companyprovided. MetLife may suspend or terminate its obligation to provide providing information pursuant to this Section 2(cparagraph 2B(3) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.

Periodic Spread Information. Provided no Default or Event of Default exists, not Not later than 9:30 A.M. (New York City local time) on a Business Day during the Issuance Period if there is an Available Facility Amount on such Business Day, the Company may request by e-mail (with confirmation of receipt), telefacsimile telecopier or telephone, and MetLife New York Life will, to the extent reasonably practicable, provide to the Company on such Business Day (or, if such request is received after 9:30 A.M. (New York City local time) on such Business Day, on the following Business Day), information (by e-mail (with confirmation of receipt), telefacsimile telecopier or telephone) with respect to various spreads at which MetLife New York Life or New York Life Affiliates might be interested in purchasing Shelf Notes of Roanoke Gas Company Private Shelf Agreement different average lives; provided, however, that the Company may not make such requests more frequently than once in every five (5) Business Days or such other period as shall be mutually agreed to by the Company and MetLifeNew York Life. The amount and content of information so provided shall be in the sole discretion of MetLife New York Life but it is the intent of MetLife New York Life to provide information which will be of use to the Company in determining whether to initiate procedures for use of the Facility. Information so provided shall not constitute an offer to purchase Shelf Notes, and neither MetLife New York Life nor any MetLife New York Life Affiliate shall be obligated to purchase Shelf Notes at the spreads specified. Information so provided shall be representative of potential interest only for the period commencing on the day such information is provided and ending on the earlier of (i) the fifth (5th) Business Day after such day and (ii) the first (1st) Business Day day after any such day on which further spread information is provided to the Companyprovided. MetLife New York Life may suspend or terminate its obligation to provide providing information pursuant to this Section 2(cparagraph 2B(3) for any reason, including its determination that the credit quality of the Company has declined since the date of this Agreement.