SENIOR BRIDGE TERM LOAN CREDIT AGREEMENT dated as of March 25, 2011 among PPL CAPITAL FUNDING, INC., as U.S. Borrower, PPL WEM HOLDINGS PLC, as UK Borrower, PPL CORPORATION, as Guarantor, THE LENDERS FROM TIME TO TIME PARTY HERETO and BANK OF AMERICA,...Senior Bridge Term Loan Credit Agreement • March 29th, 2011 • PPL Corp • Electric services • New York
Page ARTICLE I DEFINITIONS 1 Section 1.01. Definitions 1 ARTICLE II THE CREDITS 21 Section 2.01. Commitments to Lend. 21 Section 2.02. Notice of Borrowings. 21 Section 2.03. Notice to Lenders; Funding of Loans. 21 Section 2.04. Noteless Agreement; Evidence of Indebtedness. 22 Section 2.05. Interest Rates. 23 Section 2.06. Fees. 24 Section 2.07. Adjustments of Commitments. 25 Section 2.08. Maturity of Loans; Mandatory Prepayments. 27 Section 2.09. Optional Prepayments and Repayments. 28 Section 2.10. General Provisions as to Payments. 29 Section 2.11. Funding Losses. 29 Section 2.12. Computation of Interest and Fees. 29 Section 2.13. Basis for Determining Interest Rate Inadequate, Unfair or Unavailable. 30 Section 2.14. Illegality 30 Section 2.15. Increased Cost and Reduced Return; Reserves on Loans. 30 Section 2.16. Taxes. 32 Section 2.17. [Intentionally Omitted]. 35 Section 2.18. Defaulting Lenders. 36 ARTICLE III CONDITIONS 36 Section 3.01. Conditions Precedent to Effectiveness. 36 S
