Mandatory Commitment Reductions. The Term L/C Facility Commitments shall terminate upon the Term L/C Facility Borrowing on the Closing Date. The Term L/C Issuer Commitments shall be permanently reduced from time to time by the amount, if any, by which the amount of the Term L/C Issuer Commitments exceed the Maximum Percentage of the Term L/C Collateral Account Balance.
Appears in 3 contracts
Sources: Credit Agreement (Dynegy Holdings Inc), Credit Agreement (Dynegy Inc /Il/), Credit Agreement (Dynegy Inc.)