Mandatory Reduction of Letter of Credit Commitments. The Pre-Funded L/C Commitments shall (i) be reduced on the date on which a drawing is made on the Letter of Credit in the amount of such drawing and (ii) terminate on the Pre-Funded L/C Commitment Termination Date.
Appears in 4 contracts
Samples: Term Loan Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.), Term Loan Agreement (Texas Petrochemicals Inc.)
