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.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Houghton Mifflin Co), Credit and Guaranty Agreement (Hm Publishing Corp)