Common use of Clean Down Clause in Contracts

Clean Down. The U.S. Borrower or the Canadian Borrower, as applicable, shall prepay such portion of the outstanding Revolving Loans (and refrain from requesting and/or drawing further Revolving Loans under the Revolving Credit Facilities) as and to the extent necessary to ensure that at least once during each fiscal year of Cedar Fair LP, commencing with the fiscal year ending December 31, 2011, there shall be a period of not less than thirty consecutive days in which the sum of (i) the aggregate unpaid principal balance of the Revolving Loans denominated in Dollars and (ii) the Dollar Equivalent of the aggregate unpaid principal balance of Revolving Loans denominated in Canadian Dollars, does not exceed $25,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Cedar Fair L P), Credit Agreement (Cedar Fair L P)

AutoNDA by SimpleDocs

Clean Down. The U.S. applicable Borrower or the Canadian Borrower, as applicable, shall prepay such portion of the outstanding Revolving Loans (and refrain from requesting and/or drawing further Revolving Loans under the Revolving Credit Facilities) as and to the extent necessary to ensure that at least once during each fiscal year of Cedar Fair LP, commencing with the fiscal year ending December 31, 2011, LP there shall be a period of not less than thirty consecutive days in which the sum of (i) the aggregate unpaid principal balance of the U.S. Revolving Loans, plus (ii) the sum of (a) the aggregate unpaid principal balance of Canadian Revolving Loans denominated in Dollars and (iib) the Dollar Equivalent of the aggregate unpaid principal balance of Canadian Revolving Loans denominated in Canadian Dollars, does not exceed $25,000,00020,000,000.

Appears in 2 contracts

Samples: Credit Agreement (Cedar Fair L P), Credit Agreement (Cedar Fair L P)

Clean Down. The U.S. Borrower or the Canadian Borrower, as applicable, shall prepay such portion of the outstanding Revolving Loans (and refrain from requesting and/or drawing further Revolving Loans under the Revolving Credit Facilities) as and to the extent necessary to ensure that at least once during each fiscal year of Cedar Fair LP, commencing with the fiscal year ending December 31, 20112013, there shall be a period of not less than thirty consecutive days in which the sum of (i) the aggregate unpaid principal balance of the Revolving Loans denominated in Dollars and (ii) the Dollar Equivalent of the aggregate unpaid principal balance of Revolving Loans denominated in Canadian Dollars, does not exceed $25,000,000.

Appears in 1 contract

Samples: Credit Agreement (Cedar Fair L P)

AutoNDA by SimpleDocs

Clean Down. The U.S. applicable Borrower or the Canadian Borrower, as applicable, shall prepay such portion of the outstanding Revolving Loans (and refrain from requesting and/or drawing further Revolving Loans under the Revolving Credit Facilities) as and to the extent necessary to ensure that at least once during each fiscal year of Cedar Fair LP, commencing with the fiscal year ending December 31, 2011, LP there shall be a period of not less than thirty consecutive days in which the sum of (i) the aggregate unpaid principal balance of the U.S. Revolving Loans, plus (ii) the sum of (a) the aggregate unpaid principal balance of Canadian Revolving Loans denominated in Dollars and (iibii) the Dollar Equivalent of the aggregate unpaid principal balance of Canadian Revolving Loans denominated in Canadian Dollars, does not exceed $25,000,00020,000,000.

Appears in 1 contract

Samples: Credit Agreement (Cedar Fair L P)

Time is Money Join Law Insider Premium to draft better contracts faster.