Substitute Letter of Credit. At the request of the Borrower made in compliance with the provisions of the Loan Agreement, the Indenture and Section 2.13, the Bank shall cooperate in order that a Substitute Letter of Credit may be obtained and substituted for the Letter of Credit, and the Bank take such actions as reasonably requested by the Borrower or the Trustee with respect thereto (at the sole expense of the Borrower). The Letter of Credit Fee paid to the Bank shall accrue and be payable through the end of the quarter in which the substitution is made as if no substitution had taken place.
Appears in 2 contracts
Samples: Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct), Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct)
Substitute Letter of Credit. At the request of the Borrower made in compliance with the provisions of the Loan Agreement, the Indenture and Section 2.13, the Bank shall cooperate in order that a Substitute Letter of Credit may be obtained and substituted for the Letter of Credit, and the Bank take such actions as reasonably requested by the Borrower or the Trustee with respect thereto (at the sole expense of the Borrower). The Letter of Credit Fee paid to the Bank shall accrue and be payable through the end of the quarter in which the substitution is made as if no substitution had taken place.
Appears in 1 contract
Samples: Reimbursement and Credit Agreement (Connecticut Water Service Inc / Ct)
