Clean Down Requirement Sample Clauses
POPULAR SAMPLE Copied 1 times
Clean Down Requirement. Company shall make prepayments of Revolving Loans to the extent necessary to cause (i) during each of the first two Fiscal Years following the Closing Date, for a period no shorter than ten consecutive Business Days, the Total Utilization of Revolving Commitment not to exceed $75,000,000 and (ii) during each Fiscal Year thereafter, for a period no shorter than ten consecutive Business Days, the Total Utilization of Revolving Commitment not to exceed $50,000,000.
Clean Down Requirement. Borrowers covenant and agree that in each of the Borrowers’ fiscal years, all Revolving Loans outstanding throughout one consecutive sixty-day period (the “Clean Down Period”) will not exceed $4,000,000 for any Clean Down Period exclusive of Letters of Credit.
7. Except as specifically amended herein the Agreement shall continue in full force and effect in accordance with its original terms. Reference to this specific Amendment need not be made in any note, document, letter, certificate, the Agreement itself, or any communication issued or made pursuant to or with respect to the Agreement, any reference to the Agreement being sufficient to refer to the Agreement as amended hereby. All terms used herein which are defined in the Agreement shall have the same meaning herein as in the Agreement. In the event of any conflict between the terms of the Agreement and the terms of this Amendment, this Amendment shall control.
Clean Down Requirement. During each twelve month period, Borrowers will be required to clean the Revolving Advances down to a minimum outstanding of $6,000,000 for a consecutive 30 day period.
Clean Down Requirement. The Borrower shall repay each Utilization no later than 30 days following the Utilization Date thereof (as such period may be extended by the Administrative Agent in its sole discretion).
Clean Down Requirement. Borrowers covenant and agree that in each ---------------------- of the Borrowers' fiscal years, all Revolving Loans outstanding throughout one consecutive sixty day period (the "Clean Down Period") will not exceed $5,000,000 for any Clean Down Period exclusive of Letters of Credit.