Clean Down definition

Clean Down means the event that the amount outstanding under the Revolving Facilities, less cash and cash equivalents of the Group, amounts to zero (0) or less, for a period of five (5) consecutive Business Days with not less than one (1) month elapsing between two (2) such periods, during each half calendar year starting on 1 July 2019 (i.e. during each period from 1 January up to and including 30 June and from 1 July up to and including 31 December, respectively, each year) (as evidenced by a Compliance Certificate).
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Clean Down has the meaning specified in Section 6.13 (Working Capital Indebtedness Clean-Down).
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Clean Down means the event that the amount outstanding under the Revolving Facilities, less cash and cash equivalents of the Group, amounts to zero (0) or less, for a period of five
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Examples of Clean Down in a sentence

  • A comparison was drawn between Japanese and Nazi German war crimes during the Second World War.

  • The Issuer shall, from 1 January 2020, procure that during each calendar year there shall be a period of five (5) consecutive days (the "Clean Down Period") during which the Clean Down Test is met.

  • Such Further Capital Injection(s) shall be made within fifteen (15) Business Days from the end of the Failed Clean Down Period.

  • A Further Capital Injection shall (although made during the half calendar year succeeding the Failed Clean Down Period) be deemed as a Clean Down in respect of the Failed Clean Down Period and shall, for the avoidance of doubt, not affect the Issuer’s obligation to make a Clean Down or receiving additional Further Capital Injections during the succeeding half calendar year.

  • Thus, most of the literature on international students is deficit-based (Korobova, 2012; Van Horne et al., 2018).

  • Not less than three (3) months shall elapse between each Clean Down.

  • The Issuer undertakes to apply such Initial Capital Injection firstly towards a Clean Down and secondly for general corporate purposes of the Group.

  • Upon a Clean Down and upon an Incurrence Test Date, the Issuer shall submit to the Agent a Compliance Certificate.

  • The Clean Down Period for a fiscal year may begin on any date that is after the first Distribution Loan is made in such fiscal year.

  • Failed Clean Down Period”), one or several capital injections by way of either unrestricted equity in Cash or a Capital Injection Shareholder Loan shall be made to the Issuer from a person not being a Group Company (the “Further Capital Injections”).

Related to Clean Down

  • Clean wood means natural wood which has not been painted, varnished or coated with a similar material, has not been pressure treated with preservatives and does not contain resins or glues as in plywood or other composite wood products.

  • Clean coal facility means an electric generating

  • Clean ballast means the ballast in a tank which since oil was last carried therein, has been so cleaned that effluent therefrom if it were discharged from a ship which is stationary into clean calm water on a clear day would not produce visible traces of oil on the surface of the water or on adjoining shorelines or cause a sludge or emulsion to be deposited beneath the surface of the water or upon adjoining shorelines. If the ballast is discharged through an oil discharge monitoring and control system approved by the Administration, evidence based on such a system to the effect that the oil content of the effluent did not exceed 15 parts per million shall be determinative that the ballast was clean, notwithstanding the presence of visible traces.

  • Virginia Stormwater Management Act means Article 2.3 (§ 62.1-44.15:24 et seq.) of Chapter 3.1 of Title 62.1 of the Code of Virginia.

  • Sludge dryer means any enclosed thermal treatment device that is used to dehydrate sludge and that has a maximum total thermal input, excluding the heating value of the sludge itself, of 2,500 Btu/lb of sludge treated on a wet-weight basis.

  • Mine drainage means any drainage, and any water pumped or siphoned, from an active mining area or a post-mining area. The abbreviation “ml/l” means milliliters per liter.

  • Slug loading means any pollutant, including oxygen demanding pollutants, released in a discharge at a flow rate and/or pollutant concentration as to cause interference in the POTW.

  • Clean coal SNG facility means a facility that uses a

  • Sewage sludge means a solid, semi-solid, or liquid residue generated during the treatment of domestic sewage in a treatment works as defined in section 6111.01 of the Revised Code. "Sewage sludge" includes, but is not limited to, scum or solids removed in primary, secondary, or advanced wastewater treatment processes. "Sewage sludge" does not include ash generated during the firing of sewage sludge in a sewage sludge incinerator, grit and screenings generated during preliminary treatment of domestic sewage in a treatment works, animal manure, residue generated during treatment of animal manure, or domestic septage.

  • Remediation waste management site means a facility where an owner or operator is or will be treating, storing or disposing of hazardous remediation wastes. A remediation waste management site is not a facility that is subject to corrective action under § 264.101 of this regulation, but is subject to corrective action requirements if the site is located in such a facility.

  • Public transportation system means all facilities, conveyances and instrumentalities, whether publicly or privately owned, that are used in or for publicly available services for the transportation of persons or cargo.

  • Stormwater management system means any equipment, plants,

  • Drainage system means one or more artificial ditches, tile drains or similar devices which collect surface runoff or groundwater and convey it to a point of discharge.

  • garden waste means organic waste which emanates from gardening or landscaping activities at residential, business or industrial premises including but not limited to grass cuttings, leaves, branches, and includes any biodegradable material and excludes waste products of animal origin and bulky waste;

  • Public transportation means that term as defined in section 10c of Act No. 51 of the Public Acts of 1951, being section 247.660c of the Michigan Compiled Laws.

  • waste disposal facility means an individual or entity that has been issued a medical marijuana waste disposal facility license by the Department to dispose of medical marijuana waste as authorized in Oklahoma law and these Rules.

  • Safety Management System means a systematic approach to managing safety, including the necessary organizational structures, accountabilities, policies and procedures;

  • Septage means the liquid and solid material pumped from a septic tank, cesspool, or similar domestic sewage treatment system, or from a holding tank, when the system is cleaned or maintained.

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Clean Water Act or “CWA" means the federal Clean Water Act (33 U.S.C §1251 et seq.), formerly referred to as the Federal Water Pollution Control Act or Federal Water Pollution Control Act Amendments of 1972, Public Law 92-500, as amended by Public Law 95-217, Public Law 95-576, Public Law 96-483, and Public Law 97-117, or any subsequent revisions thereto.

  • Clean (or ‘Cleaned’) means, as the case requires:

  • Green Waste Biodegradable waste that can be composed of plant material such as grass or flower cuttings, hedge trimmings and brush less than 1 inch in diameter.

  • Soft drinks means nonalcoholic beverages that contain natural or artificial sweeteners. "Soft drinks" does not include beverages that contain milk or milk products, soy, rice, or similar milk substitutes, or that contains greater than fifty per cent vegetable or fruit juice by volume.

  • Transportation Service means a service for moving people and goods, such as intercity bus service and passenger rail service.

  • Clean Air Act or “Act” means the federal Clean Air Act, 42 U.S.C. §§ 7401-7671q, and its implementing regulations.

  • Sewage system means the entire sewage treatment and subsurface disposal system;