Common use of Must be a Business Day Clause in Contracts

Must be a Business Day. May apply to a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the portion to which such notice applies, and the remaining portion to which it does not apply, are each $5,000,000 or any larger integral multiple of $1,000,000. 3 Applicable only in the case of a conversion to, or a continuation of, Euro-Dollar Loans. Insert “one month”, “two months”, “three months” or “six months” (subject to the provisions of the definition of “Interest Period”). By: _________________ Name: Title: PNC Bank, National Association, as Issuing Lender P7-PFSC-02-T 000 Xxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxxxxxx 00000 Facsimile: (000) 000-0000 Ladies and Gentlemen: This notice shall constitute a “Letter of Credit Request” pursuant to Section 3.02 of the Revolving Credit Agreement dated as of October 30, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among LG&E and KU Energy LLC, as the Borrower, the lending institutions party thereto from time to time and PNC Bank, National Association, as Administrative Agent. Terms defined in the Credit Agreement and not otherwise defined herein have the respective meanings provided for in the Credit Agreement. [The undersigned hereby requests that PNC Bank, National Association issue a Letter of Credit on _______________, ________1 in the aggregate amount of $________________.] [This request is to extend a Letter of Credit previously issued under the Credit Agreement; Letter of Credit No. __________.] The beneficiary of the requested Letter of Credit will be _____________________2, and such Letter of Credit will be in support of _____________________3 and will have a stated termination date of _________________4. Copies of all documentation with respect to the supported transaction are attached hereto. 1 Must be a Business Day.

Must be a Business Day. 2 May apply to a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the portion to which such notice applies, and the remaining portion to which it does not apply, are each $5,000,000 or any larger integral multiple of $1,000,000. 3 Applicable only in the case of a conversion to, or a continuation of, Euro-Dollar Loans. Insert “one month”, “two months”, “three months” or “six months” (subject to the provisions of the definition of “Interest Period”). PPL CAPITAL FUNDING, INC. By: _________________ Name: Title: [PNC Bank, National Association, as Issuing Lender P7-PFSC-02-T 000 500 Xxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxxxxxx 00000 Facsimile: (000) 000-0000] -- or – [Manufacturers and Traders Trust Company, As Issuing Lender Mxxxxxxxxx Park 1000 Xxxxxxxxxx Xxxx 0xx xxxxx Xxxxxxxxx, Xxxxxxxx 00000 Attn: International Trade Finance Facsimile: (000) 000-0000 PNC Bank, National Association, as Administrative Agent P7-PFSC-05-W 500 Xxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxxxxxx 00000 Attention: Agency Services Facsimile: (000) 000-0000] Ladies and Gentlemen: This notice shall constitute a “Letter of Credit Request” pursuant to Section 3.02 3.03 of the Revolving Credit Agreement dated as of October 30November 12, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among LG&E and KU Energy LLCPPL Capital Funding, Inc., as the Borrower, PPL Corporation, as the Guarantor, the lending institutions party thereto from time to time and PNC Bank, National Association, as Administrative Agent. Terms defined in the Credit Agreement and not otherwise defined herein have the respective meanings provided for in the Credit Agreement. [The undersigned hereby requests that PNC Bank, National Association _________ 1 issue a Letter of Credit on _______________, ________1 2 in the aggregate amount of $________________.] [This request is to extend a Letter of Credit previously issued under the Credit Agreement; Letter of Credit No. __________.] The beneficiary of the requested Letter of Credit will be _____________________2_ 3, and such Letter of Credit will be in support of _____________________3 4 and will have a stated termination date of _________________45. Copies of all documentation with respect to the supported transaction are attached hereto. ____________________________ 1 Insert name of Issuing Lender. 2 Must be a Business Day. 3 Insert name and address of beneficiary. 4 Insert a description of the obligations, the name of each agreement and/or a description of the commercial transaction to which this Letter of Credit Request relates. 5 Insert the last date upon which drafts may be presented (which may not be later than one year after the date of issuance specified above or beyond the fifth Business Day prior to the Termination Date). PPL CAPITAL FUNDING, INC. By: _______________________________ Name: Title: APPROVED: [PNC BANK, NATIONAL ASSOCIATION][MANUFACTURERS AND TRADERS TRUST COMPANY], As the Issuing Lender By: ________________________________ Name: Title: FOR VALUE RECEIVED, the undersigned, PPL CAPITAL FUNDING, INC., a Delaware corporation (the “Borrower”), promises to pay to the order of __________________ (hereinafter, together with its successors and assigns, called the “Holder”), at the place and times provided in the Credit Agreement (as defined below), the principal sum of ___________ AND__/100s DOLLARS ($), or, if less, the principal amount of all Loans advanced by the Holder to the Borrower pursuant to the Credit Agreement, plus interest as hereinafter provided. Such Loans may be endorsed from time to time on the grid attached hereto, but the failure to make such notations shall not affect the validity of the Borrower’s obligation to repay unpaid principal and interest hereunder. All capitalized terms used herein shall have the meanings ascribed to them in that certain Revolving Credit Agreement dated as of November 12, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among the Borrower, PPL Corporation, as the Guarantor, the lending institutions party thereto from time to time and PNC Bank, National Association, as Administrative Agent for itself and on behalf of the Lenders and the Issuing Lenders, except to the extent such capitalized terms are otherwise defined or limited herein. The Borrower shall repay principal outstanding hereunder from time to time, as necessary, in order to comply with the Credit Agreement. All amounts paid by the Borrower shall be applied to the Obligations in such order of application as provided in the Credit Agreement. A final payment of all principal amounts and other Obligations then outstanding hereunder shall be due and payable on the maturity date provided in the Credit Agreement, or such earlier date as payment of the Loans shall be due, whether by acceleration or otherwise. The Borrower shall be entitled to borrow, repay, reborrow, continue and convert the Holder’s Loans (or portions thereof) hereunder pursuant to the terms and conditions of the Credit Agreement. Prepayment of the principal amount of any Loan may be made as provided in the Credit Agreement. The Borrower hereby promises to pay interest on the unpaid principal amount hereof as provided in Article II of the Credit Agreement. Interest under this Note shall also be due and payable when this Note shall become due (whether at maturity, by reason of acceleration or otherwise). Overdue principal and, to the extent permitted by law, overdue interest, shall bear interest payable on DEMAND at the default rate as provided in the Credit Agreement. In no event shall the amount of interest due or payable hereunder exceed the maximum rate of interest allowed by applicable law, and in the event any such payment is inadvertently made by the Borrower or inadvertently received by the Holder, then such excess sum shall be credited as a payment of principal, unless the Borrower shall notify the Holder in writing that it elects to have such excess sum returned forthwith. It is the express intent hereof that the Borrower not pay and the Holder not receive, directly or indirectly in any manner whatsoever, interest in excess of that which may legally be paid by the Borrower under applicable law. All parties now or hereafter liable with respect to this Note, whether the Borrower, any guarantor, endorser or any other Person or entity, hereby waive presentment for payment, demand, notice of non-payment or dishonor, protest and notice of protest. No delay or omission on the part of the Holder or any holder hereof in exercising its rights under this Note, or delay or omission on the part of the Holder, the Administrative Agent or the Lenders collectively, or any of them, in exercising its or their rights under the Credit Agreement or under any other Loan Document, or course of conduct relating thereto, shall operate as a waiver of such rights or any other right of the Holder or any holder hereof, nor shall any waiver by the Holder, the Administrative Agent, the Required Lenders or the Lenders collectively, or any of them, or any holder hereof, of any such right or rights on any one occasion be deemed a bar to, or waiver of, the same right or rights on any future occasion. The Borrower promises to pay all reasonable costs of collection, including reasonable attorneys’ fees, should this Note be collected by or through an attorney-at-law or under advice therefrom. This Note evidences the Holder’s Loans (or portion thereof) under, and is entitled to the benefits and subject to the terms of, the Credit Agreement, which contains provisions with respect to the acceleration of the maturity of this Note upon the happening of certain stated events, and provisions for prepayment. This Note is entitled to the benefit of the Guaranty of the Guarantor, as set forth in the Credit Agreement. Reference is made to the Credit Agreement for a description of the terms and conditions of such Guaranty, and the respective rights and limitations of the Holder, the Borrower and the Guarantor thereunder. This Note shall be governed by and construed in accordance with the internal laws of the State of New York.

Must be a Business Day. 7 May apply to a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the portion to which such notice applies, and the remaining portion to which it does not apply, are each $5,000,000 10,000,000 or any larger integral multiple of $1,000,000. 3 8 Applicable only in the case of a conversion to, or a continuation of, Euro-Dollar Loans. Insert “one month”, “two months”, “three months” or “six months” (subject to the provisions of the definition of “Interest Period”). PPL ENERGY SUPPLY, LLC By: _________________ Name: Title: PNC Bank, National Association, as [Insert details of Issuing Lender P7-PFSC-02-T 000 Xxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxxxxxx 00000 Facsimile: (000) 000-0000 Lender] Ladies and Gentlemen: This notice shall constitute a “Letter of Credit Request” pursuant to Section 3.02 3.03 of the $3,000,000,000 Amended and Restated Amended and Restated Revolving Credit Agreement dated as of October 30November 6, 2013 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among LG&E and KU PPL Energy Supply, LLC, as the Borrower, the lending institutions party thereto from time to time and PNC Xxxxx Fargo Bank, National Association, as Administrative Agent. Terms defined in the Credit Agreement and not otherwise defined herein have the respective meanings provided for in the Credit Agreement. [The undersigned hereby requests that PNC Bank, National Association _______________9 issue a Standby Letter of Credit on _______________, ________1 10 in the aggregate amount of $________________.] . [This request is to extend a Letter of Credit previously issued under the Credit Agreement; Letter of Credit No. __________.] The beneficiary of the requested Standby Letter of Credit will be _____________________211, and such Standby Letter of Credit will be in support of _____________________3 12 and will have a stated termination date of _________________4_13. Copies of all documentation with respect to the supported transaction are attached hereto. 1 Must be a Business Day.

Must be a Business Day. May apply to a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the portion to which such notice applies, and the remaining portion to which it does not apply, are each $5,000,000 or any larger integral multiple of $1,000,000. 3 Applicable only in the case of a conversion to, or a continuation of, Euro-Dollar Loans. Insert “one month”, “two months”, “three months” or “six months” (subject to the provisions of the definition of “Interest Period”). PPL CAPITAL FUNDING, INC. By: _____________________________________ Name: Title: PNC BankThe Bank of Nova Scotia, National Association, as Administrative Agent and as Issuing Lender P740 Xxxx Xxxxxx Xxxx Xxxxxxx, Xxxxxxx Xxxxxx X0X 0X0 Attention: Xxxxxx Xxxxxx Telephone: 000-PFSC-02000-T 000 Xxxxx Xxxxxx Xxxxxxxxxx, Xxxxxxxxxxxx 00000 0000 Facsimile: (000) -000-0000 Ladies and Gentlemen: This notice shall constitute a “Letter of Credit Request” pursuant to Section 3.02 3.03 of the Revolving Credit Agreement dated as of October 30March 26, 2013 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among LG&E and KU Energy LLCPPL Capital Funding, Inc., as the Borrower, PPL Corporation, as the Guarantor, the lending institutions party thereto from time to time and PNC Bank, National AssociationThe Bank of Nova Scotia, as Administrative Agent. Terms defined in the Credit Agreement and not otherwise defined herein have the respective meanings provided for in the Credit Agreement. [The undersigned hereby requests that PNC Bank, National Association __________1 issue a Letter of Credit on _______________, ________1 2 in the aggregate amount of $________________.] [This request is to extend a Letter of Credit previously issued under the Credit Agreement; Letter of Credit No. __________.] The beneficiary of the requested Letter of Credit will be _____________________23, and such Letter of Credit will be in support of _____________________3 4 and will have a stated termination date of _________________45. Copies of all documentation with respect to the supported transaction are attached hereto. 1 Must be a Business DayInsert name of Issuing Lender.