Common use of FFB Credit Facility Commitment Reductions and Cancellations Clause in Contracts

FFB Credit Facility Commitment Reductions and Cancellations. The Borrower may, on not less than fifteen (15) days prior written notice to DOE and upon the satisfaction of any consent requirement or other applicable provisions of each FFB Credit Facility Document, permanently cancel or reduce the unutilized portions of the FFB Credit Facility Commitment, in whole or in part, if: (a) each partial reduction is in an amount permitted under the FFB Credit Facility Documents; (b) the Borrower certifies in writing that such reduction would not reasonably be expected to impair the ability of the Project to be completed by the Anticipated Completion Date; and (c) upon such cancellation or reduction, the Borrower pays all fees, Periodic Expenses, and other amounts then due with respect to such cancellation or reduction under the Loan Documents. Once reduced or canceled, the FFB Credit Facility Commitment, or cancelled portion thereof, shall not be increased or reinstated.

FFB Credit Facility Commitment Reductions and Cancellations. The Borrower may, on not less than fifteen (15) days prior written notice to DOE and upon the satisfaction of any consent requirement or other applicable provisions of each FFB Credit Facility Document, permanently cancel or reduce the unutilized portions of the FFB Credit Facility Commitment, in whole or in part, but only if: (a) each partial reduction is in an amount permitted under the FFB Credit Facility Documents; (b) the Borrower certifies in writing that any such partial reduction would could not reasonably be expected to impair the ability completion of the Project to be completed by the Anticipated Completion Date; provided that no such certification shall be required in connection with the prepayment in full of the DOE Guaranteed Loan pursuant to Section 3.3.2(a); and (c) upon such cancellation or reduction, the Borrower pays all fees, Periodic Expenses, and other amounts then due with respect to such cancellation or reduction under the Loan Documents. Once reduced or canceled, the FFB Credit Facility Commitment, or cancelled portion thereof, shall Commitment may not be increased or reinstated, and once reduced, the FFB Credit Facility Commitment may not be increased.