Paydown Period Sample Clauses

Paydown Period. To reduce the amount of advances outstanding under this Agreement to[ zero] for a period of at least 30 consecutive days in each line- year. "Line-year" means the period between the date of this Agreement and October 1, 2000, and each subsequent one-year period (if any). For the purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit.
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Paydown Period. To reduce the amount of advances outstanding under this Agreement to zero for at least 30 consecutive days during any rolling twelve-month period. For purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit or shipside bonds.
Sample 1
Paydown Period. To reduce the amount of advances outstanding under this Agreement to zero for a period of at least 30 consecutive days between January 1, 2002 and August 31, 2002."
Sample 1
Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 to zero for a period of at least 30 consecutive days during each fiscal year of Ashwxxxx. Xxr the purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit.
Sample 1
Paydown Period. To reduce the amount of advances outstanding under this Agreement (other than the undrawn amount of any letters of credit then outstanding hereunder) to zero for thirty consecutive days during each of the semi-annual periods of (x) July 1, 2007 through December 31, 2007, (y) January 1, 2008 through June 30, 2008, and (z) each successive six month period thereafter.
Sample 1
Paydown Period. To reduce the amount of advances outstanding under this Agreement to zero ($0.00) for a period of at least thirty (30) consecutive days in each line-year. "Line-year" means the period between the date of this Agreement and July 1, 2001, and each subsequent one-year period (if any).
Sample 1
Paydown Period. To reduce the amount of advances outstanding under this Agreement to zero for a period of at least 30 consecutive days during each semi-annual calendar period in each year. For the purposes of this paragraph, `advances' does not include undrawn amounts of outstanding letters of credit."
Sample 1
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Paydown Period. 38 7.7 Execution of Supplemental Instruments..........................38 7.8
Sample 1
Paydown Period. Reduce the amount of Advances outstanding -------------- under the Overadvance Limit to zero for a period of at least thirty (30) consecutive days in each LineYear.
Sample 1

Related to Paydown Period

  • Loan Amount 4. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Break Period All employees working in full time (7 or 7.5 hour) positions shall be permitted a fifteen (15) minute rest period both in the first half and the second half of a shift.

  • Voluntary Prepayments Commitment Reductions (a) Prior to the Stated Maturity Date, the Borrower may, from time to time on any Business Day, make a voluntary prepayment, in whole or in part, of the outstanding principal amount of the Loans; provided, however, that:

  • Funding Period The Funding Period, if any, shall not have terminated.

  • Mandatory Prepayments Commitment Reductions 68 2.13 Application of Prepayments/Reductions ..............................................70 2.14 Allocation of Certain Payments and Proceeds.........................................71 2.15

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

  • Optional Prepayments with Make-Whole Amount (a) The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, any Series of the Notes, in an amount not less than 10% of the aggregate principal amount of such Series of the Notes then outstanding (but if in the case of a partial prepayment, then against each tranche within such Series of Notes in proportion to the aggregate principal amount outstanding of each tranche of such Series), at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of the Series of Notes to be prepaid written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Series of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of the Series of Notes to be prepaid a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • No-­‐Activation Period Registry Operator shall not activate any names in the DNS zone for the Registry TLD (except for "NIC") until at least 120 calendar days after the effective date of this agreement. Registry Operator may allocate names (subject to subsection 6.2 below) during this period only if Registry Operator causes registrants to be clearly informed of the inability to activate names until the No-­‐Activation Period ends.

  • Meal Period ‌ A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts or which provides for staggered lunch periods within a craft or trade. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

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