Common use of SECTION Post-closing Consents/Waivers Clause in Contracts

SECTION Post-closing Consents/Waivers. The Borrower agrees to obtain and deliver to the Administrative Agent no later than September 1, 2001 (but in any event prior to the occurrence of any Event of Default) waivers, amendments or consents, in form and substance reasonably satisfactory to the Administrative Agent, to the 364-Day Credit Agreement dated as of August 21, 2000 among the Borrower, certain lenders and The Chase Manhattan Bank, as administrative agent, and to the Five-Year Credit Agreement dated as of August 25, 1997 among the Borrower, certain lenders and The Chase Manhattan Bank, as administrative agent, to the extent either such agreement is still in effect, permitting the cash collateralization provisions of this Agreement relating to LC Obligations. 11 ARTICLE

Appears in 1 contract

Sources: Credit Agreement (Duke Energy Corp)

SECTION Post-closing Consents/Waivers. The Borrower agrees to obtain and deliver to the Administrative Agent no later than September 1, 2001 (but in any event prior to the occurrence of any Event of Default) waivers, amendments or consents, in form and substance reasonably satisfactory to the Administrative Agent, to the 364-Day Credit Agreement dated as of August 21, 2000 among the Borrower, certain lenders and The Chase Manhattan Bank, as administrative agent, and to the Five-Year Credit Agreement dated as of August 25, 1997 among the Borrower, certain lenders and The Chase Manhattan Bank, as administrative agent, to the extent either such agreement is still in effect, permitting the cash collateralization provisions of this Agreement relating to LC Obligations. 11 ARTICLE.

Appears in 1 contract

Sources: Credit Agreement (Duke Energy Corp)