PHI Sublimit definition
PHI Sublimit means the lesser of (a) $350,000,000, as such amount is reduced from time to time pursuant to Section 2.5, and (b) the maximum amount of short-term debt that PHI is authorized to have outstanding by Applicable Governmental Authorities minus the sum of (i) the "PHI Sublimit" as defined in the Three-Year Credit Agreement and (ii) any other applicable short-term debt of PHI.
PHI Sublimit means $1,000,000,000, as such amount is reduced from time to time pursuant to Section 2.5.
PHI Sublimit means, at any time, the lesser of (a) $350,000,000, as such amount is reduced from time to time pursuant to Section 2.5 and (b) the maximum amount of short-term debt that PHI is authorized to have outstanding by Applicable Governmental Authorities minus any other applicable short-term debt of PHI. "Plan" means an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code as to which any Borrower or any other member of the Controlled Group may have any liability.
Examples of PHI Sublimit in a sentence
Any reduction of the PHI Sublimit or the Subsidiary Borrower Sublimit shall reduce the Aggregate Commitment by a corresponding amount.
Any such reduction in the Aggregate Commitment shall be allocated pro rata among the PHI Sublimit and the Subsidiary Borrower Sublimit and such decrease in the Subsidiary Borrower Sublimit shall result in a percentage decrease in each of the ACE Sublimit, the DPL Sublimit and the PEPCO Sublimit, respectively, equal to the percentage decrease in the Subsidiary Borrower Sublimit.
More Definitions of PHI Sublimit
PHI Sublimit means, at any time, the lesser of (a) $700,000,000, as such amount is (i) increased from time to time pursuant to Section 2.2 or (ii) reduced from time to time pursuant to Section 2.7 and (b) the maximum amount of short-term debt that PHI is authorized to have outstanding by Applicable Governmental Authorities minus any other applicable short-term debt of PHI.