Common use of Clean Down Clause in Contracts

Clean Down. The Company shall: (a) ensure that, for a period of at least five consecutive Business Days (each a “Clean Down Period”) in each financial year of the Company: (i) all Facility B Loans; and (ii) all amounts outstanding under any Letter of Credit or Bank Guarantee or similar instrument issued under an Ancillary Facility to the extent that the Letter of Credit or Bank Guarantee or other instrument supports actual outstanding Financial Indebtedness of any member of the Group on a loan or current account, after deducting an amount equal to the aggregate amount of Cash and Cash Equivalent Investments held by each member of the Group, are reduced to zero; (b) notify the Agent at least three Business Days before the start of any proposed Clean Down Period; and (c) ensure that not less than three Months shall elapse between two Clean Down Periods.