LETTER OF CREDIT ISSUANCE AND REIMBURSEMENT AGREEMENT between PPL ENERGY SUPPLY, LLC and CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK AGENCY dated as of July 27, 2012Letter of Credit Issuance • August 8th, 2012 • LG&E & KU Energy LLC • Electric & other services combined • New York
THIS LETTER OF CREDIT ISSUANCE AND REIMBURSEMENT AGREEMENT dated as of July 27, 2012, by and between PPL ENERGY SUPPLY, LLC, a Delaware limited liability company (the “Company”), and Canadian Imperial Bank of Commerce, New York Agency (“CIBC”).
UNCOMMITTED LINE OF CREDIT LETTER AGREEMENT dated as of July 1, 2012Credit Letter Agreement • August 8th, 2012 • LG&E & KU Energy LLC • Electric & other services combined
Definitions: Capitalized terms shall have the meaning specified herein including Exhibit A hereto. Borrower: PPL Energy Supply, LLC, a Delaware limited liability company (the “Borrower”). Bank: Banco Bilbao Vizcaya Argentaria, S.A. (the “Bank”). For purposes of this Agreement, the Bank is acting through its New York branch (the “Branch”). Type and Amount of Facility: Uncommitted revolving letter of credit facility in an aggregate principal amount not to exceed $100,000,000 (the "Facility Amount") at any one time outstanding. Under the line of credit, the Borrower may obtain letters of credit (each a "Letter of Credit"). No Letter of Credit shall be issued if, after giving effect thereto (i) the aggregate unpaid principal amount of all unreimbursed drawings under Letters of Credit plus (ii) the aggregate amount then available for drawing under all Letters of Credit would exceed the Facility Amount. Availability Period: On or prior to the date that is 30 days prior to the Final Maturity
REIMBURSEMENT AGREEMENT Dated as of July 1, 2012Reimbursement Agreement • August 8th, 2012 • LG&E & KU Energy LLC • Electric & other services combined • New York
In consideration of your opening from time to time, at our request and in your discretion in each instance, pursuant to the terms and conditions of this Agreement and the Credit Agreement (defined below), one or more of your Credits (this and other terms used in this Agreement shall have the meaning set forth in Section 21 of this Agreement, unless otherwise defined herein), we hereby agree with you as follows with respect to each Credit now or hereafter opened by you:
