Common use of Loan Commitment Amount Clause in Contracts

Loan Commitment Amount. 2.2.1 Commitment Amount The aggregate principal amount of all Loans made by Lender shall not exceed Seventy Million Dollars ($70,000,000) (the “Loan Commitment”); provided that, if the amount of the Cash Grant proceeds or the Available Financing proceeds exceeds the then-outstanding principal balance of the Loans at the time such proceeds are applied thereto, the Loan Commitment (if any is still outstanding) shall be reduced on a Dollar-for-Dollar basis by the amount of such excess.