Definition of PPA Letter of Credit Commitment


PPA Letter of Credit Commitment means, with respect to each PPA Letter of Credit Lender, the commitment, if any, of such Lender to acquire participations in a PPA Letter of Credit, expressed as an amount representing the maximum aggregate amount that such Lender agrees to make available as its PPA Letter of Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.07 or 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each PPA Letter of Credit Lender's PPA Letter of Credit Commitment is set forth on Schedule I, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its PPA Letter of Credit Commitment, as applicable. The initial aggregate amount of all the PPA Letter of Credit Lenders' PPA Letter of Credit Commitments is $100,150,000. Each PPA Letter of Credit Lender's PPA Letter of Credit Commitment shall be deemed to be used for purposes of Section 2.10(a) at the time of each issuance or increase in the face amount of such PPA Letter of Credit pursuant to Section 2.03 by an amount equal to the increase in such Lender's PPA Letter of Credit Exposure at such time.
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