Annual Clean-Up. The Company shall (a) for a period of --------------- not less than thirty (30) consecutive days occurring between September 30 and November 15 of each fiscal year other than the 2000 fiscal year, reduce the aggregate outstanding principal amount of Revolving Loans plus accrued interest thereon to $25,000,000 or less, and (b) for a period of not less thirty (30) consecutive days occurring between October 15, 2000 and January 15, 2001, reduce the aggregate outstanding principal amount of Revolving Loans plus accrued interest thereon to $27,000,000 or less.
Annual Clean-Up. For a period of not less than sixty --------------- (60) consecutive days beginning September 30 of each fiscal year, reduce the aggregate outstanding principal amount of Revolving Loans plus accrued interest thereon to zero.
Annual Clean-Up. The Company will from time to time prepay the Loans in such amounts (or not borrow Loans hereunder) as shall be necessary so that, for a period of at least 30 consecutive days at any time during the 12-month period commencing on the Closing Date and during each 12-month period commencing on an anniversary of the Closing Date, the aggregate outstanding principal amount of the Loans shall be zero.
Annual Clean-Up. As long as this Agreement remains in effect, the Borrower shall at least once each twelve (12) month period pay such amount of outstanding advances and accrued interest thereon as may be necessary to maintain for a period of at least thirty (30) consecutive days thereafter a Loan balance less than or equal to zero percent (0%) of the Credit Limit. The Borrower's compliance with this provision shall not cause a termination of any security agreements, mortgages or other agreements which may secure the Loan.
Annual Clean-Up. As long as this Agreement remains in effect, the Borrower shall at least once each twelve (12) month period pay such amount of outstanding Clean Advances and accrued interest thereon as may be necessary to maintain for a period of at least thirty (30) consecutive days thereafter a Clean Advance balance less than or equal to zero percent (0%) of the maximum amount of Clean Advances. The Borrower’s compliance with this clean-up provision of this paragraph shall not cause a termination of any security agreements, mortgages or other agreements which may secure the Loan. TECHNICAL COMMUNICATIONS CORPORATION
Annual Clean-Up. For a period in each year from March 1 through April 30 of such year (such period being the "Designated Cleanup Period" for such year), the Revolving Loan shall not exceed $0."
Annual Clean-Up. For a period in each year from February 15 through April 15 of such year (such period being the "Designated Cleanup Period" for such year), the Revolving Loan shall not exceed $6,000,000; provided, however, that on March 13, 1998 and March 12, 1999, the Revolving Loan shall not exceed $0; and provided, further that during the period from March 15, 1998 through April 15, 1998, the Revolving Loan may exceed $6,000,000 but shall not exceed $7,500,000."
Annual Clean-Up. In addition to the payment of interest when due on the Revolving Loan as provided herein, the Company shall not permit the outstanding principal balance of the Revolving Loan to exceed twenty percent (20%) of the Commitment for a minimum of thirty (30) consecutive calendar days in any twelve (12) month period while the Commitment is outstanding. Payment of the Revolving Loan to reduce the outstanding balance to comply with this provision shall be automatic and due and payable without demand.
Annual Clean-Up. Notwithstanding anything to the contrary in this Agreement, the Borrower agrees that for a period of thirty (30) consecutive days during each twelve (12) calendar month period from November 15 to November 14 of the following year no Revolving Loans will be outstanding and during such period no advances may be made under the Revolving Loan.
Annual Clean-Up. For a period of sixty (60) consecutive days in each year, commencing between February 1 and February 28 of such year (such period being the "Designated Cleanup Period" for such year), the Revolving Loan shall not exceed $8,000,000 plus any sums maintained as in accounts at the Boston Office in accordance with Section 7.20 hereof.
