Common use of Determination of Advance Amounts Clause in Contracts

Determination of Advance Amounts. As of any date of any requested Advance, after giving effect to the Advance: (a) the aggregate outstanding principal amount of all Advances then made to the Borrower under the FFB Note (including, for the avoidance of doubt, the principal amount of such requested Advance) shall not exceed eighty percent (80%) of the amount of Eligible Project Costs incurred and either expended or accrued on or prior to the date of such requested Advance; and (b) the aggregate outstanding principal amount of all Advances shall not exceed the Guaranteed Loan Commitment Amount (collectively, clauses (a) and (b) are referred to as the “Debt Sizing Parameters”).

Determination of Advance Amounts. As of any date of any requested Advance, after giving effect to the such Advance: : (a) the aggregate outstanding principal amount of all Advances then made to the Borrower under the FFB Note (including, for the avoidance of doubt, the principal amount of such requested Advance) for a single Eligible Project shall not exceed eighty percent (80%) of the amount of Applicable Eligible Project Costs incurred and either expended or accrued on or prior to the date of such requested AdvanceAdvance for such Eligible Project; and and (b) the aggregate outstanding principal amount of all Advances the Guaranteed Loan shall not exceed the Maximum Guaranteed Loan Commitment Amount (collectively, collectively clauses (a) and (b) are referred to as the “Debt Sizing Parameters”).

Determination of Advance Amounts. As of any date of any requested Advance, after giving effect to the Advance: : (a) the aggregate outstanding principal amount of all Advances then made to the Borrower under the FFB Note (including, for the avoidance of doubt, the principal amount of such requested Advance) for a single Eligible Project shall not exceed eighty percent (80%) of the amount of Eligible Project Costs incurred and either expended or accrued on or prior to the date of such requested AdvanceAdvance for such Eligible Project; and and (b) the aggregate outstanding principal amount of all Advances the Guaranteed Loan shall not exceed the Maximum Guaranteed Loan Commitment Amount (collectively, collectively clauses (a) and (b) are referred to as the “Debt Sizing Parameters”).