Common use of Surrender of Bonds Clause in Contracts

Surrender of Bonds. The Administrative Agent shall forthwith surrender to or upon the order of the Company all Bonds held by it to the Trustee when all of the Borrower Obligations shall have been duly paid in full in immediately available funds and the Credit Agreement (including, without limitation, all Commitments thereunder) shall have been terminated.

Appears in 3 contracts

Samples: Credit Agreement (Texas New Mexico Power Co), Credit Agreement (Texas New Mexico Power Co), Credit Agreement (PNM Resources Inc)

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Surrender of Bonds. (a) The Administrative Agent shall forthwith surrender to or upon the order of the Company all 2013 Credit Agreement Collateral Series Bonds held by it to at the Trustee when all of first time at which the Borrower Advances and the other Obligations shall have been duly paid in full in immediately available funds and the Credit Agreement (including, without limitation, all Commitments thereunder) shall have been terminated. The Administrative Agent shall promptly upon the request of the Company, at the sole cost and expense of the Company, take such action and execute such documents as may reasonably be requested by the Company in connection with such surrender.

Appears in 1 contract

Samples: Credit Agreement (Entergy Arkansas Inc)

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Surrender of Bonds. The Administrative Agent shall forthwith surrender to or upon the order of the Company all Bonds held by it to the Trustee when all of the Borrower Obligations and Related Hedging Obligations shall have been duly paid in full in immediately available funds and the Credit Agreement (including, without limitation, all Commitments thereunder) shall have been terminated.

Appears in 1 contract

Samples: Term Loan Credit Agreement (PNM Resources Inc)

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