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, 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: 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.

Examples of Maximum Sublimit in a sentence

• The Company or the relevant Local Borrowing Subsidiary shall pay any stamp, recording or other similar tax payable under the laws of the local jurisdiction which is required as a result of any such increase in the Maximum Sublimit of its relevant Local Fronting Lender.

• In the event that such Local Fronting Lender and the Administrative Agent do not approve such increase in accordance with the foregoing terms of this Section 2.28(c), then the Currency Sublimit of such Local Fronting Lender shall be increased only to its existing Maximum Sublimit on the date upon which either such Local Fronting Lender or the Administrative Agent notifies the Company that such increase has not been approved (or, if no such notice is given, at the end of such ten day approval period).

• In the event that such Local Fronting Lender and the Administrative Agent approve such increase (which approval shall be delivered in writing to the Company and, in the case of the approval of such Local Fronting Lender, to the Administrative Agent) then the Currency Sublimit and the Maximum Sublimit of such Local Fronting Lender shall be re-allocated to such higher amounts requested for such Local Fronting Lender in the request delivered to the Administrative Agent pursuant to Section 2.28(a).

• 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, 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.

More Definitions of Maximum Sublimit

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.

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, as to any Borrower, the amount set forth opposite such Borrower’s name in the table below. 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: Company $ 1,200,000,000 Duke Energy Carolinas $ 1,200,000,000 Duke Energy Ohio $ 750,000,000 Duke Energy Indiana $ 600,000,000 Duke Energy Kentucky $ 150,000,000

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 S chedule 2.4(b) (as such S chedule 2.4(b) may be or may be deemed to be, amended, supplemented or otherwise modified 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 modified from time to time pursuant to Section 2.15 or Section 4.2; provided, that at no time may the Sublimit or Maximum Sublimit for any Borrower exceed the amount of Indebtedness such Borrower is authorized to incur pursuant to any order, rule or regulation of any Governmental Authority having jurisdiction over such Borrower at such time. Holdings $600,000,000.00 ITC Midwest $250,000,000.00 ITC Great Plains $75,000,000.00 METC $250,000,000.00 ITCTransmission $250,000,000.00 “METC Existing Revolving Credit Agreement” that certain Revolving Credit Agreement, dated as of October 23, 2017 and amended and restated as of January 10, 2020, by and among METC, Xxxxx Fargo Bank, as the administrative agent, and the lenders party thereto, as amended, supplemented or otherwise modified prior to the Closing Date.

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.