Termination of LC Commitment. The Borrower may permanently terminate, or from time to time in part permanently reduce, the LC Commitment, in each case upon at least three Business Days' prior written or facsimile notice to the Administrative Agent and the Fronting Bank, provided that, after giving effect to such termination or reduction, the LC Commitment shall not be less than the LC Exposure at such time or greater than the available Revolving Credit Commitments at such time.
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Samples: Credit Agreement (Smurfit Stone Container Corp), Credit Agreement (Jefferson Smurfit Corp /De/), Credit Agreement (Jsce Inc)
Termination of LC Commitment. The Borrower may permanently terminate, or from time to time in part permanently reduce, the LC Commitment, in each case upon at least three one Business Days' Day's prior written or facsimile notice to the Administrative Agent and the Fronting Bank, provided that, after giving effect to such termination or reduction, the LC Commitment shall not be less than the LC Exposure at such time or greater than the available aggregate Revolving Credit Commitments at such time.
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Termination of LC Commitment. The Borrower may permanently terminate, or from time to time in part permanently reduce, the LC Commitment, in each case upon at least three Business Days' prior written or facsimile notice to the Administrative Agent and the Fronting Bank, provided that, after giving effect to such termination or reduction, the LC Commitment shall not be less than the LC Exposure (excluding Incremental LC Exposure attributable to Xxxxxxxxx Letters of Credit issued pursuant to Section 3.11) at such time or greater than the available Revolving Credit Commitments at such time.
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Termination of LC Commitment. The Borrower may ----------------------------- permanently terminate, or from time to time in part permanently reduce, the LC Commitment, in each case upon at least three Business Days' prior written or facsimile notice to the Administrative Agent and the Fronting Bank, provided that, after giving effect to such termination or reduction, the LC Commitment shall not be less than the LC Exposure at such time or greater than the available Revolving Credit Commitments at such time.
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