Common use of Rights to Properties Clause in Contracts

Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof and as presently proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.

Appears in 13 contracts

Samples: Credit Agreement (PPL Energy Supply LLC), Year Credit Agreement (PPL Montana LLC), Credit and Revolving Credit Agreement (PPL Energy Supply LLC)

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Rights to Properties. The Borrower and its Restricted -------------------- Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof and as presently proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: Day Credit Agreement (PPL Corp), Credit Agreement (PPL Corp)

Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof and as presently proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.

Appears in 2 contracts

Samples: 000 Credit Agreement (PPL Electric Utilities Corp), 000 Credit Agreement (PPL Electric Utilities Corp)

Rights to Properties. The Borrower Company and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Amendment Closing Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.

Appears in 1 contract

Samples: And Reimbursement Agreement (PPL Electric Utilities Corp)

Rights to Properties. The Borrower Company and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Closing Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Letter of Credit Issuance (LG&E & KU Energy LLC)

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Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Effective Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (LG&E & KU Energy LLC)

Rights to Properties. The Borrower and its Restricted Subsidiaries have good and valid fee, leasehold, easement or other right, title or interest in or to all the properties necessary to the conduct of their business as conducted on the date hereof Escrow Closing Date and as presently then proposed to be conducted, except to the extent the failure to have such rights or interests would not have a Material Adverse Effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (PPL Energy Supply LLC)

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