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 FE $1,500,000,000 CEI $500,000,000 Met-Ed $500,000,000 OE $500,000,000 Penn $100,000,000 TE $300,000,000 JCP&L $500,000,000 MP $500,000,000 Penelec $300,000,000 PE $150,000,000 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

• 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.

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

• The amount of any such reduction shall not be applied to the Alternative Currency Sublimit, the Financial Letter of Credit Sublimit or the Designated Borrower Sublimit unless otherwise specified by the Company.

• The amount of any such Aggregate Commitment reduction shall not be applied to the Alternative Currency Sublimit, the Letter of Credit Sublimit or the Designated Borrower Sublimit unless otherwise specified by the Company.

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 contained in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

Borrower Sublimit means, as to any Borrower, the amount set forth opposite such Borrower’s name below: Borrower Borrower Sublimit NU $1,450,000,000 NSTAR LLC $175,000,000 NSTAR Gas $200,000,000 CL&P $600,000,000 PSNH $300,000,000 WMECO $300,000,000 Yankee Gas $200,000,000 Each Borrower Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments. For purposes of clarity, in the event that any Borrower merges into another entity and is not the surviving Person, dissolves or otherwise ceases to have a legal existence, then the Borrower Sublimit with respect to such Borrower shall no longer exist, and the Borrower Sublimits of the remaining Borrowers shall be unaffected by the elimination of such Borrower Sublimit; provided, however, that if a Borrower merges or is liquidated into another Borrower, the Borrower Sublimit of the surviving Borrower shall be increased by the amount of the Borrower Sublimit of the merged or liquidated Borrower on terms and subject to limitations reasonably satisfactory to the Lenders; provided, CHAR1\1321930v7 further, that in no event shall a Borrower Sublimit exceed the Aggregate Revolving Commitments.