Common use of Change in Commitment Clause in Contracts

Change in Commitment. (i) The Borrower shall have the right to terminate or reduce the aggregate unused amount of the Commitment at any time upon not less than three (3) Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof) of each such termination or reduction, which notice shall specify the effective date of such termination or reduction and the amount of any such reduction, and shall be irrevocable and effective only upon receipt by the Administrative Agent; provided, that, in order to change the Commitment under this Section 2.1(c), the Borrower must demonstrate to the reasonable satisfaction of the Administrative Agent that it holds sufficient liquidity to perform all of its remaining obligations under each Basic Document and each Turbine Supply Document to which it is a party, or that the Members have provided an equity funding commitment, reasonably satisfactory to the Administrative Agent, to cover any such liquidity shortfall. The portion of the Commitment, once terminated or reduced under this Section 2.l(c)(i), may not be reinstated.

Change in Commitment. (i) The Borrower shall have the right to terminate or reduce the aggregate unused amount of the Commitment at any time upon not less than three (3) Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof) of each such termination or reduction, which notice shall specify the effective date of such termination or reduction and the amount of any such reduction, and shall be irrevocable and effective only upon receipt by the Administrative Agent; provided, provided that, in order to change the Commitment under this Section 2.1(c2(c)(i), the Borrower must demonstrate to the reasonable satisfaction of the Administrative Agent that it holds sufficient liquidity to perform all of its remaining obligations under each Basic Document and each Turbine Supply Document to which it is a party, or that the Members have provided an equity funding commitment, reasonably satisfactory to the Administrative Agent, to cover any such liquidity shortfall. The portion of the Commitment, once terminated or reduced under this Section 2.l(c)(i2(c)(i), may not be reinstated.