Maximum Sublimit definition

Maximum Sublimit of any Local Fronting Lender shall mean the amount of Dollars set forth opposite the name of such Local Fronting Lender under the heading “Maximum Sublimit” on Schedule 2.4(b) (as such Schedule 2.4(b) may be or may be deemed to be, amended, supplemented or otherwise modified from time to time).

Maximum Sublimit means, individually, the Parent Maximum Sublimit, the IPL Maximum Sublimit, or the WPL Maximum Sublimit and collectively, the “Maximum Sublimits”.

Maximum Sublimit means, as to any Borrower, the amount set forth opposite such Borrower’s name in the table below. Borrower Maximum Sublimit Avangrid $ 2,000,000,000 NYSEG $ 400,000,000 RGE $ 400,000,000 CMP $ 400,000,000 UI $ 400,000,000 CNG $ 150,000,000 SCG $ 150,000,000 BGC $ 40,000,000 “Xxxxx’x” shall mean Xxxxx’x Investors Service, Inc. and any successor thereto.

Examples of Maximum Sublimit in a sentence

• Notwithstanding the foregoing, the aggregate credit limit of Credit Card Services, the aggregate outstanding amount of Letters of Credit and the FX Amount shall not exceed the Maximum Sublimit Amount at any time.

• Notwithstanding the foregoing, the aggregate outstanding amount of Letters of Credit, together with the aggregate limits of the corporate credit cards issued to Borrower and merchant credit card processing reserves under the Credit Card Services Sublimit, shall not exceed the Maximum Sublimit Amount at any time.

• Notwithstanding the foregoing, aggregate limits of the corporate credit cards issued to Borrower and merchant credit card processing reserves under the Credit Card Services Sublimit, together with the aggregate outstanding amount of Letters of Credit and amounts outstanding under the Foreign Exchange Sublimit, shall not exceed the Maximum Sublimit Amount at any time.

• Notwithstanding the foregoing, aggregate limits of the corporate credit cards issued to Borrower and merchant credit card processing reserves under the Credit Card Services Sublimit, together with the aggregate outstanding amount of Letters of Credit, the aggregate amounts outstanding under the ACH Sublimit, and amounts outstanding under the Foreign Exchange Sublimit, shall not exceed the Maximum Sublimit Amount at any time.

• If, at any time for any reason such Maximum Credit Limit is exceeded or if any Maximum Sublimit on any subcomponent of the Credit, as provided in the Loan Term Sheet, is exceeded, then Borrower shall immediately pay to Bank, in cash, the amount by which such Maximum Credit Limit or Maximum Sublimit is exceeded (“Over Line”).

More Definitions of Maximum Sublimit

Maximum Sublimit means the total available to Borrower for specific purposes within the Maximum Credit Limit as detailed in the Loan Term Sheet.

Maximum Sublimit means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be increased from time to time pursuant to Section 2.17: Borrower Maximum Sublimit Company $4,700,000,0004,850,000,000 Duke Energy Carolinas $1,800,000,000 Duke Energy Progress $1,400,000,000 Duke Energy Florida $1,200,000,000 Duke Energy Indiana $1,000,000,000 Piedmont $850,000,000 Duke Energy Ohio $725,000,000 Duke Energy Kentucky $175,000,000 “Merger Agreement” means that certain Agreement and Plan of Merger dated as of January 8, 2011 among the company, Diamond Acquisition Corporation and Progress Energy, Inc., as amended, modified or supplemented from time to time.

Maximum Sublimit means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be increased from time to time pursuant to Section 2.17: Borrower Maximum Sublimit Company $ 5,425,000,000 Duke Energy Carolinas $ 2,025,000,000 Duke Energy Progress $ 1,575,000,000 Duke Energy Florida $ 1,350,000,000 Duke Energy Indiana $ 1,125,000,000 Piedmont $ 950,000,000 Duke Energy Ohio $ 825,000,000 Duke Energy Kentucky $ 225,000,000

Maximum Sublimit means, as to any Borrower, the amount set forth opposite such Borrower’s name in the table below. Borrower Maximum Sublimit NYSEG $ 700,000,000 RGE $ 300,000,000 CMP $ 200,000,000 UI $ 250,000,000 CNG $ 150,000,000 SCG $ 150,000,000 BGC $ 50,000,000 PNM (following the PNM Joinder Effective Date) $ 400,000,000 TNMP (following the TNMP Joinder Effective Date) $ 300,000,000 The Maximum Sublimit applicable to Avangrid shall be, at any time of adjustment thereto in accordance with Section 1.06, the amount equal to (x)(i) prior to the Contingent Increase Effective Date, $3,575,000,000 and (ii) from and after the Contingent Increase Effective Date, $4,000,000,000, less (y) the aggregate amount of all Maximum Sublimits applicable to the other Borrowers as in effect at such time.

Maximum Sublimit means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be increased from time to time pursuant to Section 2.17: Borrower Maximum Sublimit Company $ 3,000,000,000 Duke Energy Carolinas $ 1,500,000,000 Duke Energy Progress $ 1,000,000,000 Duke Energy Florida $ 1,000,000,000 Duke Energy Ohio $ 750,000,000 Duke Energy Indiana $ 750,000,000 Duke Energy Kentucky $ 150,000,000 “Merger Agreement” means that certain Agreement and Plan of Merger dated as of January 8, 2011 among the company, Diamond Acquisition Corporation and Progress Energy, Inc, as amended, modified or supplemented from time to time.

Maximum Sublimit means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be increased or decreased from time to time pursuant to Section 2.08(f) or Section 2.19: Borrower: Maximum Sublimit: Company $2,800,000,000 PPL EU $900,000,000 LGE $750,000,000 KU $650,000,000 NEC $600,000,000 “Minimum Sublimit” means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be increased or decreased from time to time pursuant to Section 2.08: Borrower: Minimum Sublimit: Company $0 PPL EU $0 LGE $0 KU $0 NEC $0 “Xxxxx’x” means Xxxxx’x Investors Service, Inc., a Delaware corporation, and its successors or, absent any such successor, such nationally recognized statistical rating organization as any Borrower and the Administrative Agent may select. “Multiemployer Plan” means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions.

Maximum Sublimit means, with respect to each Borrower, the amount set forth opposite its name in the table below, as such amount may be increased from time to time pursuant to Section 2.17: Borrower Maximum Sublimit Company $ 3,000,000,0004,700,000,000 Duke Energy Carolinas $ 1,500,000,0001,800,000,000 Duke Energy Progress $ 1,000,000,0001,400,000,000 Duke Energy Florida $ 1,000,000,0001,200,000,000 Duke Energy OhioIndiana $ 750,000,0001,000,000,000 Duke Energy IndianaOhio $ 750,000,000725,000,000 Duke Energy Kentucky $ 150,000,000175,000,000 “Merger Agreement” means that certain Agreement and Plan of Merger dated as of January 8, 2011 among the company, Diamond Acquisition Corporation and Progress Energy, Inc., as amended, modified or supplemented from time to time.