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.

Appears in 4 contracts

Samples: Credit Loan Agreement, Credit Loan Agreement (TRI Pointe Homes, Inc.), Credit Loan Agreement (William Lyon Homes)

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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.

Appears in 1 contract

Samples: Credit Loan Agreement (William Lyon Homes)

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