Sublimit definition

Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

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Sublimit means one or more (as the context requires) of the sublimits described in Section 4.2.

Sublimit means, with respect to each Borrower, its Initial Sublimit, as the same may be modified from time to time pursuant to Sections 2.08 and 2.17; provided that a Borrower’s Sublimit shall at no time exceed such Borrower’s Maximum Sublimit.

Examples of Sublimit in a sentence

• The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions of the L/C Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06.

• Any reduction of the Letter of Credit Sublimit to an amount less than the aggregate Letter of Credit Commitments at such time shall be accompanied by an automatic corresponding reduction of the Letter of Credit Commitments, which reduction shall be applied to the Letter of Credit Commitment of each Issuing Bank on a pro rata basis based on their Letter of Credit Commitments at such time.

• The Borrowers shall have delivered to the Administrative Agent a Sublimit Adjustment Letter to reallocate a portion of the Revolving Credit Commitments to Spire Tennessee, effective as of the Spire Tennessee Activation Date, in accordance with the requirements of Section 2.01(g) and any other applicable requirements set forth in this Agreement with respect to adjustments of the Borrowers’ Sublimits.

• A Revolving Lender reasonably acceptable to the Borrowers and the Administrative Agent may become an additional Swing Line Lender hereunder pursuant to a written agreement among the Borrower, the Administrative Agent and such Revolving Lender (which agreement shall include the Swing Line Sublimit for such additional Swing Line Lender).

• Except as provided above, the amount of any such Revolving Commitment reduction shall not be applied to the L/C Sublimit or Swing Line Sublimit unless otherwise specified by the Borrowers.

More Definitions of Sublimit

Sublimit means the Exelon Sublimit, the ComEd Sublimit, the PECO Sublimit or the Genco Sublimit.

Sublimit means the aggregate amount of Advances (expressed as a dollar amount or as a percentage of the Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

Sublimit means, individually, the DEI Sublimit, the VaPower Sublimit, the Questar Gas Sublimit or the SCE&G Sublimit and collectively, the “Sublimits”.

Sublimit means, individually, the DEI Sublimit, the VaPower Sublimit, the Questar Gas Sublimit or the DESC Sublimit and collectively, the “Sublimits”.

Sublimit means each of the PHI Sublimit, the PEPCO Sublimit, the DPL Sublimit and the ACE Sublimit.

Sublimit means the Company Sublimit or an applicable Designated Borrower Sublimit, as the context may indicate.

Sublimit means the limit for the applicable Mortgage Loan type set forth in the Sublimit, Rate and Term Schedule of the Addendum. For a Purchased Mortgage Loan that is a Wet-Ink Mortgage Loan, such Mortgage Loan shall be subject to both the Sublimit for a Wet-Ink Mortgage Loan and the Sublimit applicable to such Mortgage Loan type. For a Purchased Mortgage Loan that is a Cooperative Mortgage Loan, such Mortgage Loan shall be subject to the Sublimit for a Wet-Ink Mortgage Loan, Conforming Mortgage Loan or Jumbo Mortgage Loan, as applicable.