Subsidiary Borrower Sublimit means the lesser of (a) $500,000,000, as such amount is reduced from time to time pursuant to Section 2.5; and (b) the sum of the Sublimits of all Subsidiary Borrowers.
Subsidiary Borrower Sublimit means, with respect to any Subsidiary Borrower, the lesser of (a) $5,000,000, or (b) the Revolving Credit Commitment.
Subsidiary Borrower Sublimit means $75,000,000.
Examples of Subsidiary Borrower Sublimit in a sentence
No reduction of a Subsidiary Borrower's individual Sublimit shall reduce the Aggregate Commitment except to the extent that such reduction reduces the amount of the Subsidiary Borrower Sublimit.
Any reduction of the PHI Sublimit or the Subsidiary Borrower Sublimit shall reduce the Aggregate Commitment by a corresponding amount.
Any termination or reduction of the Aggregate Commitments and the Aggregate Subsidiary Borrower Sublimit Commitment shall be permanent.
In such event, the applicable Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in a principal amount equal to (in the case of the Company) such Lender's Commitment and (in case of the Subsidiary Borrower) such Lender's Subsidiary Borrower Sublimit Commitment and in a form approved by the Administrative Agent.
Each reduction of the Aggregate Commitments and the Aggregate Subsidiary Borrower Sublimit Commitment shall be made ratably among the Lenders in accordance with their respective Commitments or Subsidiary Borrower Sublimit Commitments, as the case may be.
More Definitions of Subsidiary Borrower Sublimit
Subsidiary Borrower Sublimit means (a) with respect to TNMP (to the extent such Person is a Borrower hereunder), the lesser of (i) ONE HUNDRED MILLION DOLLARS ($100,000,000) and (ii) the Revolving Committed Amount then in effect, (b) with respect to First Choice (to the extent such Person is a Borrower hereunder), the lesser of (i) THREE HUNDRED MILLION DOLLARS ($300,000,000) minus the aggregate amount of the Credit Extensions made to FCP and (ii) the Revolving Committed Amount then in effect and (c) with respect to FCP, the lesser of (i) THREE HUNDRED MILLION DOLLARS ($300,000,000) minus the aggregate amount of the Credit Extensions made to First Choice hereunder and (ii) the Revolving Committed Amount then in effect. The Subsidiary Borrower Sublimits of First Choice and FCP may be increased in accordance with Section 2.1(g).
Subsidiary Borrower Sublimit means, with respect to each of TNMP and First Choice (to the extent such Person is a Borrower hereunder), the lesser of (a) ONE HUNDRED MILLION DOLLARS ($100,000,000) and (b) the Revolving Committed Amount then in effect.
Subsidiary Borrower Sublimit means, for each Subsidiary which ---------------------------- becomes a Subsidiary Borrower hereunder, the amount specified as such Subsidiary Borrower's Sublimit on Schedule 1.01(c).
Subsidiary Borrower Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $200,000,000. The Subsidiary Borrower Sublimit is part of, and not in addition to, the Aggregate Commitments.
Subsidiary Borrower Sublimit means an amount equal to the lesser of (a) US$750,000,000 and (b) the Aggregate Commitments.
Subsidiary Borrower Sublimit means the lesser of (a) $200,000,000, as such amount is reduced from time to time pursuant to Section 2.5; and (b) the sum of the Sublimits of all Subsidiary Borrowers. "Substantial Portion" means, at any time with respect to the Property of any Person, Property which represents more than 10% of the consolidated assets of such Person and its Subsidiaries as shown in the consolidated financial statements of such Person and its Subsidiaries as at the last day of the preceding fiscal year of such Person. "Synthetic Lease" means (a) a so-called synthetic, off-balance sheet or tax retention lease or (b) any other agreement pursuant to which a Person obtains the use or possession of property and which creates obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as indebtedness of such Person (without regard to accounting treatment). "Taxes" means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, and any and all liabilities with respect to the foregoing which arise from or relate to any payment made hereunder or under any Note or Letter of Credit Application, but excluding Excluded Taxes and Other Taxes. "Total Capitalization" means, with respect to any Borrower at any time, the sum of the Total Indebtedness of such Borrower plus the Net Worth of such Borrower, each calculated at such time.
Subsidiary Borrower Sublimit means the lesser of (a) $500,000,000, as such amount is reduced from time to time pursuant to Section 2.5; and (b) the sum of the Sublimits of all Subsidiary Borrowers. "Substantial Portion" means, at any time with respect to the Property of any Person, Property which represents more than 10% of the consolidated assets of such Person and its Subsidiaries as shown in the consolidated financial statements of such Person and its Subsidiaries as at the last day of the preceding fiscal year of such Person. "Synthetic Lease" means (a) a so-called synthetic, off-balance sheet or tax retention lease or (b) any other agreement pursuant to which a Person obtains the use or possession of property and which creates obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as indebtedness of such Person (without regard to accounting treatment). "Taxes" means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, and any and all liabilities with respect to the foregoing which arise from or relate to any payment made hereunder or under any Note or Letter of Credit Application, but excluding Excluded Taxes and Other Taxes. "Total Capitalization" means, with respect to any Borrower at any time, the sum of the Total Indebtedness of such Borrower plus the Net Worth of such Borrower, each calculated at such time. "Total Indebtedness" means, with respect to any Borrower at any time, all Indebtedness of such Borrower and its Subsidiaries at such time determined on a consolidated basis in accordance with Agreement Accounting Principles, excluding, to the extent otherwise included in Indebtedness of such Borrower or any of its Subsidiaries, (a) debentures issued in connection with Trust Preferred Securities; (b) any Nonrecourse Transition Bond Debt; (c) any Nonrecourse Indebtedness listed on Schedule 6; (d) to the extent it constitutes Nonrecourse Indebtedness, any Indebtedness secured by liens described in clause (e), (f) or (g) of the definition of Permitted PHI Liens; (e) any other Nonrecourse Indebtedness of PHI and its Subsidiaries (excluding any Subsidiary Borrower and its Subsidiaries) to the extent that the aggregate amount of such Nonrecourse Indebtedness does not exceed $200,000,000; and (f) the amount of any medium term notes issued by PCI (but not more than the fair market value of the equity collateral accounts in PCI's energy lever...