Financing Commitment. Definitive agreements between one or more financial institutions or other Persons and the Company or the Financing Corporation pursuant to which such financial institutions or other Persons agree, subject to the conditions set forth therein, to lend money to, or purchase securities of, the Company or the Financing Corporation, the proceeds of which shall be used to finance all or a portion of the Facilities.
Appears in 3 contracts
Samples: Operating Agreement (Public Service Co of North Carolina Inc), Operating Agreement (Public Service Co of North Carolina Inc), Operating Agreement (Public Service Co of North Carolina Inc)
Financing Commitment. Definitive definitive agreements between one or more financial institutions or other Persons and the Company or the Financing Corporation Entity pursuant to which such financial institutions or other Persons agree, subject to the conditions set forth therein, to lend money to, or purchase securities of, the Company or the Financing CorporationEntity, the proceeds of which shall be used to finance all or a portion of the FacilitiesInitial Facilities or any Capital Opportunity (as applicable).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Piedmont Natural Gas Co Inc)
