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

• Each Swingline Loan shall be in an aggregate principal amount of $2,000,000 or any larger integral multiple of $500,000 (except that any such Borrowing may be in the aggregate amount of the unused Swingline Sublimit).

• No Letter of Credit shall have a term of more than one year, provided, that no Letter of Credit shall have a term extending or be so extendible beyond the fifth Business Day before the Termination Date, provided that if the Commitments of some, but not all, Lenders shall have been extended pursuant to Section 2.08(d), the “Termination Date” for this purpose shall be the latest Termination Date which is applicable to Commitments aggregating at least to the Aggregate LC Sublimit.

• Any such reduction shall have the effect of reducing each Borrower’s Sublimit in an amount as designated by the Company, the Guarantor or each applicable Designated Borrower; provided that (x) no Sublimit of a Borrower shall be reduced to an amount less than (1) the Borrower Revolving Outstandings of such Borrower or (2) such Borrower’s Minimum Sublimit and (y) after giving effect to such reduction, the aggregate Sublimits must not exceed the aggregate amount of Commitments.

• The Commitment Fee shall accrue from and including the Effective Date to but excluding the last day of the applicable Availability Period on the amount by which such Borrower’s Sublimit exceeds the Borrower Revolving Outstandings of such Borrower (solely for this purpose, exclusive of outstanding Swingline Loans made to such Borrower) on such day.

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 DESC Sublimit and collectively, the “Sublimits”.

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 DRI Sublimit, VaPower Sublimit or the DG 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.