Common use of Available Commitment Clause in Contracts

Available Commitment. The Available Commitment shall be determined in accordance with this Section 2.2 and shall be the lesser of (a) the applicable Commitment Amount or Reduced Commitment Amount, as in effect from time to time, or (b) the Borrowing Base. (i) The Available Commitment for all Qualified Projects shall be the difference between the amount set forth in 2.2.1 above less the amounts of all Letters of Credit issued under Section 2.3 below. (ii) The Available Commitment for all Letters of Credit to be issued hereunder shall be no greater than the LOC Total Commitment Amount of Six Million Dollars ($6,000,000.00).

Available Commitment. The Available Commitment shall be determined in accordance with this Section 2.2 and shall be the lesser of (ai) the applicable Commitment Amount or Reduced Commitment Amount, as in effect from time to time, or (bii) the Borrowing Base. (ia) The Available Commitment for all Qualified Projects shall be the difference between the amount set forth in 2.2.1 above less LESS the amounts of all Letters of Credit issued under Section 2.3 below. (iib) The Available Commitment for all Letters of Credit to be issued hereunder shall be no greater than the LOC Total Commitment Amount of Six Five Million Dollars ($6,000,000.005,000,000.00).

Available Commitment. The Available Commitment shall be determined in accordance with this Section 2.2 and shall be the lesser of (a) the applicable Commitment Amount or Reduced Commitment Amount, as in effect from time to time, or (b) the Borrowing Base. (i) The Available Commitment for all Qualified Projects shall be the difference between the amount set forth in 2.2.1 above less LESS the amounts of all Letters of Credit issued under Section 2.3 below. (ii) The Available Commitment for all Letters of Credit to be issued hereunder shall be no greater than the LOC Total Commitment Amount of Six Five Million Dollars ($6,000,000.005,000,000.00).