Common use of Clean Down Clause in Contracts

Clean Down. The Borrower shall cause the aggregate outstanding principal amount of Working Capital Revolving Credit Loans to be zero at all times for at least one consecutive thirty day period from and including April 1 until and including June 30 of each year.

Appears in 1 contract

Samples: Credit Agreement (Navarre Corp /Mn/)

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Clean Down. The Borrower shall will cause the aggregate outstanding principal amount balance of the Working Capital Revolving Credit Loans which constitute "Working Capital Borrowings" under and as defined in the Parent LP Agreement, to be zero at all times for a period of at least one 15 consecutive thirty day days (i) during each calendar year commencing in 2007, and (ii) during each twelve (12) month period from and including April 1 until and including June 30 of each yearcommencing on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

Clean Down. The Borrower shall will cause the aggregate outstanding principal amount balance of the Working Capital Revolving Credit Loans which constitute “Working Capital Borrowings” under and as defined in the Parent LP Agreement, to be zero at all times for a period of at least one 15 consecutive thirty day days (i) during each calendar year commencing in 2011, and (ii) during each twelve (12) month period from and including April 1 until and including June 30 of each yearcommencing on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

Clean Down. The Borrower shall will cause the aggregate outstanding principal amount balance of the Working Capital Revolving Credit Loans which constitute “Working Capital Borrowings” under and as defined in the Parent LP Agreement, to be zero at all times for a period of at least one 15 consecutive thirty day days (i) during each calendar year commencing in 2008, and (ii) during each twelve (12) month period from and including April 1 until and including June 30 of each yearcommencing on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

Clean Down. The Borrower shall will cause the aggregate outstanding principal amount balance of the Working Capital Revolving Credit Loans to be zero at all times for a period of at least one 15 consecutive thirty day period from and including April 1 until and including June 30 of days during each calendar year.

Appears in 1 contract

Samples: Credit Agreement (Shamrock Logistics Lp)

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Clean Down. The Borrower shall will cause the aggregate outstanding principal amount balance of the Working Capital Revolving Credit Loans Loans, the proceeds of which were used to pay Restricted Payments, to be zero at all times for a period of at least one 15 consecutive thirty day period from and including April 1 until and including June 30 of days during each calendar year.

Appears in 1 contract

Samples: Credit Agreement (Valero L P)

Clean Down. The Borrower shall will cause the aggregate outstanding principal amount balance of the Working Capital Revolving Credit Loans which constitute “Working Capital Borrowings” under and as defined in the Parent LP Agreement, to be zero at all times for a period of at least one 15 consecutive thirty day days (i) during each calendar year commencing in 2007, and (ii) during each twelve (12) month period from and including April 1 until and including June 30 of each yearcommencing on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

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