SEC Contract Filing

Filing Date: 2020-05-08

Document Content:
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<TYPE>EX-10.C
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<DESCRIPTION>EXHIBIT 10.C
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<DIV><FONT size="1" style="font-size:1pt;color:white"> Exhibit 10(c) Execution Version $200,000,000 CREDIT AGREEMENT dated as of March 27, 2020 among PPL CAPITAL FUNDING, INC., as the Borrower, PPL CORPORATION, as the Guarantor, THE LENDERS FROM TIME TO TIME PARTY HERETO, THE BANK OF NOVA SCOTIA, as the Administrative Agent, and THE BANK OF NOVA SCOTIA, as Sole Lead Arranger and Sole Bookrunner AmericasActive:14632660.7 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> TABLE OF CONTENTS Page ARTICLE I DEFINITIONS ........................................................................................................... 1 Section 1.01 Definitions ..................................................................................................... 1 Section 1.02 Divisions....................................................................................................... 11 ARTICLE II THE CREDITS .......................................................................................................... 11 Section 2.01 Commitments to Lend .................................................................................. 11 Section 2.02 Notice of Borrowings ................................................................................... 12 Section 2.03 Notice to Lenders; Funding of Loans ........................................................... 12 Section 2.04 Noteless Agreement; Evidence of Indebtedness .......................................... 13 Section 2.05 Interest Rates ................................................................................................ 13 Section 2.06 Replacement of Lenders ............................................................................... 15 Section 2.07 Maturity of Loans; Mandatory Prepayments ................................................ 15 Section 2.08 Optional Prepayments .................................................................................. 16 Section 2.09 General Provisions as to Payments .............................................................. 16 Section 2.10 Funding Losses ............................................................................................. 16 Section 2.11 Computation of Interest and Fees ................................................................. 17 Section 2.12 Basis for Determining Interest Rate Inadequate, Unfair or Unavailable ...... 17 Section 2.13 Illegality ....................................................................................................... 18 Section 2.14 Increased Cost and Reduced Return ............................................................. 19 Section 2.15 Taxes ............................................................................................................ 20 Section 2.16 Base Rate Loans Substituted for Affected Euro-Dollar Loans..................... 22 ARTICLE III CONDITIONS .......................................................................................................... 23 Section 3.01 Conditions to Closing ................................................................................... 23 Section 3.02 Conditions to All Credit Events ................................................................... 24 ARTICLE IV REPRESENTATIONS AND WARRANTIES ......................................................... 24 Section 4.01 Status ............................................................................................................ 24 Section 4.02 Authority; No Conflict ................................................................................. 24 Section 4.03 Legality; Etc. ................................................................................................ 24 Section 4.04 Financial Condition ...................................................................................... 25 Section 4.05 Litigation ...................................................................................................... 25 Section 4.06 No Violation ................................................................................................. 25 Section 4.07 ERISA .......................................................................................................... 25 Section 4.08 Governmental Approvals ............................................................................. 26 Section 4.09 Investment Company Act ............................................................................. 26 Section 4.10 Tax Returns and Payments ........................................................................... 26 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> TABLE OF CONTENTS (continued) Page Section 4.11 Compliance with Laws ................................................................................. 26 Section 4.12 No Default .................................................................................................... 26 Section 4.13 Environmental Matters ................................................................................. 26 Section 4.14 Mater