Borrower Sublimit definition

Borrower Sublimit means, as to any Borrower, the amount set forth opposite such Borrower’s name below, as modified from time to time pursuant to Section 2.06: Borrower Borrower Sublimit Met-Ed $350,000,000 Penn $100,000,000 Penelec $300,000,000 West-Penn $200,000,000

Borrower Sublimit for each Borrower, the amount set forth below next to the name of such Borrower, as such amounts may be reduced from time to time pursuant to Section 2.06(a): Borrower Sublimit AEP $650,000,000 OPC $400,000,000 APC $300,000,000 CSPC $230,000,000 IMPC $230,000,000 SEPC $230,000,000 ATCC $130,000,000 ATNC $65,000,000 KPC $65,000,000 PSCO $65,000,000

Borrower Sublimit has the meaning set forth in Section 2.01(a).

Examples of Borrower Sublimit in a sentence

• In no event shall any Borrower be entitled to request or receive any Borrowing that would cause the aggregate Outstanding Credits (x) of all Borrowers to exceed the Commitments or (y) of such Borrower to exceed the Borrower Sublimit of such Borrower.

• Within the limits of each Lender’s Commitment and each Borrower’s Borrower Sublimit and as hereinabove and hereinafter provided, each Borrower may request Extensions of Credit hereunder, and repay or prepay Advances pursuant to Section 2.12 and utilize the resulting increase in the Available Commitments for further Extensions of Credit in accordance with the terms hereof.

• Each such notice of termination or reduction shall be irrevocable; provided, further, that, if, after giving effect to any reduction of the Commitments, any Borrower Sublimit exceeds the amount of the aggregate Commitments, such sublimit shall be automatically reduced by the amount of such excess.

• In connection with any Commitment Increase, each Borrower may increase its Borrower Sublimit by an amount equal to its Fraction (calculated as of the Closing Date) of such Commitment Increase by delivering a notice to the Administrative Agent requesting such increase.

• Promptly after receipt thereof, the Agent will notify each Lender in writing of the contents of each Aggregate Commitment or Borrower Sublimit reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder.

More Definitions of Borrower Sublimit

Borrower Sublimit means: (i) with respect to CL&P, $150,000,000, (ii) with respect to WMECO, $100,000,000, (iii) with respect to Yankee, $100,000,000 and (iv) with respect to PSNH, $100,000,000.

Borrower Sublimit means (a) with respect to Seadrill Operating, $250,000,000, and (b) with respect to Seadrill Capricorn, $150,000,000.

Borrower Sublimit means, with respect to a Borrower, the aggregate amount of all Lenders’ Subcommitments allocated to such Borrower, as such sublimit may be reduced or increased from time to time pursuant to Section 2.07, reduced from time to time pursuant to Section 2.09 or as otherwise provided in this Agreement. The amount of each Borrower’s Borrower Sublimit is set forth on Schedule I. As of the Effective Date, the Borrower Sublimit with respect to (i) CCT is $1,450,000,000, (ii) FSIC is $685,000,000, (iii) FSIC II is $650,000,000 and (iv) FSIC III is $650,000,000.

Borrower Sublimit means (a) as to the Company, $500,000,000 and (b) as to the Borrowing Subsidiary, $800,000,000, in each case as such sublimit may be reduced from time to time pursuant to Section 2.6.3.

Borrower Sublimit means (a) as to the Company, $500,000,000 and (b) as to the Borrowing Subsidiary, $500,000,000, in each case as such sublimit may be reduced from time to time pursuant to Section 2.8.3.

Borrower Sublimit in Section 1.01 of the Credit Agreement is hereby amended in its entirety to read as follows:

Borrower Sublimit means: (i) with respect to FE, $2,750,000,000, (ii) with respect to FES, $0 (unless and until increased pursuant to Section 2.06(c)), (iii) with respect to ATSI, $0 (unless and until increased pursuant to Section 2.06(c)), (iv) with respect to OE, $500,000,000, (v) with respect to Penn, $50,000,000, (vi) with respect to CEI, $250,000,000 (unless and until increased pursuant to Section 2.06(c)), (vii) with respect to TE, $250,000,000 (unless and until increased pursuant to Section 2.06(c)), (viii) with respect to JCP&L, $425,000,000, (ix) with respect to Met-Ed, $250,000,000, and (x) with respect to Penelec, $250,000,000.