NPC Credit Agreement definition

NPC Credit Agreement means the Fifth Amended and Restated Credit Agreement, dated as of June 30, 2022, among Nevada Power Company, Xxxxx Fargo Bank, as administrative agent, and certain other financial institutions party thereto, as the same may be further amended, restated, supplemented or otherwise modified from time to time.

NPC Credit Agreement means that certain Credit Agreement, dated as of the Closing Date, by and among NPC, as the borrower, Xxxxx Fargo Bank, as the administrative agent, swingline lender, an issuing bank and a lender and the other lenders and issuing banks from time to time party thereto, as amended or otherwise modified.

NPC Credit Agreement means that certain Amended and Restated Credit -------------------- Agreement dated as of August 28, 2000 among NPC, as borrower, Mellon Bank, N.A. as administrative agent, First Union National Bank and Xxxxx Fargo Bank, N.A., as syndication agents, and the lender from time to time party thereto.

Examples of NPC Credit Agreement in a sentence

• Receipt by the Administrative Agent of evidence that the Existing NPC Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing NPC Credit Agreement concurrently with the Closing Date are being released.

• Receipt by the Administrative Agent of a certificate of a Responsible Officer of the Borrower, certifying that the NPC Credit Agreement is, or contemporaneously with the effectiveness of this Agreement will be, effective on and as of Closing Date.

• The amount of the reduction is calculated by NPC on a monthly basis, and after calculating such reduction, the NPC Credit Agreement provides that the reduction in availability under the revolving credit facility to NPC shall in no event exceed 50% of the total commitments then in effect under the revolving credit facility.

• The NPC Credit Agreement places certain restrictions on debt incurrence, liens and dividends.

• The NPC Credit Agreement provides for an event of default if there is a failure under NPC’s other financing agreements to meet certain payment terms or to observe other covenants that would result in an acceleration of payments due.

• In the event that NPC did not meet the financial maintenance covenant or there is a different event of default, the NPC Credit Agreement would restrict dividends to NVE.

• The NPC Credit Agreement contains one financial maintenance covenant that requires NPC to maintain a ratio of consolidated indebtedness to consolidated capital, determined as of the last day of each fiscal quarter, not to exceed 0.68 to 1.

• The Administrative Agent for the facility remains Wells Fargo Bank, N.A., and amounts due under the NPC Credit Agreement are collateralized by NPC’s general and refunding mortgage bonds.

More Definitions of NPC Credit Agreement

NPC Credit Agreement means that certain Credit Agreement of even -------------------- date herewith among NPC, as borrower, Mellon Bank, N.A., as administrative agent, First Union National Bank and Xxxxx Fargo Bank, N.A., as syndication agents, and the lenders from time to time party thereto.

NPC Credit Agreement means the Credit Agreement, dated as -------------------- of November 30, 2001, among NPC, Union Bank of California, N.A., as Administrative Agent and Sole Bookrunner, Xxxxx Fargo Bank, N.A., as Syndication Agent, Bank One, NA, BNP Paribas and Mellon Bank, N.A., as Co-Documentation Agents, the lenders party thereto from time to time, and Union Bank of California, N.A. and Xxxxx Fargo Bank, N.A., as Co-Lead Arrangers, as the same may be amended, supplemented or otherwise modified from time to time.