LETTER OF CREDIT AGREEMENT dated as of October 1, 2014 among KENTUCKY UTILITIES COMPANY, as the Borrower, THE LENDERS FROM TIME TO TIME PARTY HERETO and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Administrative AgentCredit Agreement • October 2nd, 2014 • LG&E & KU Energy LLC • Electric & other services combined • New York
TABLE OF CONTENTS Page ARTICLE I DEFINITIONS 1 Section 1.01. Definitions 1 ARTICLE II THE CREDITS 13 Section 2.01. Commitments 13 Section 2.02. Noteless Agreement; Evidence of Indebtedness 13 Section 2.03. Fees 13 Section 2.04. Adjustments of Commitments 14 Section 2.05. Mandatory Prepayments 15 Section 2.06. General Provisions as to Payments 16 Section 2.07. Computation of Interest and Fees 16 Section 2.08. Increased Cost and Reduced Return 16 Section 2.09. Taxes 18 Section 2.10. Defaulting Lenders 21 Section 2.11. Loans 22 ARTICLE III LETTERS OF CREDIT 23 Section 3.01. Issuing Lenders; Reimbursement Agreement 23 Section 3.02. Letters of Credit 24 Section 3.03. Method of Issuance of Letters of Credit 24 Section 3.04. Conditions to Issuance of Letters of Credit 24 Section 3.05. Purchase and Sale of Letter of Credit and Loan Participations 24 Section 3.06. Drawings under Letters of Credit 25 Section 3.07. Reimbursements of Drawings under Letters of Credit 25 Section 3.08. Duties of Issu
