Annual Clean-Up. As long as this Agreement remains in effect, the Borrower shall at least once each twelve (12) month period pay such amount of outstanding advances and accrued interest thereon as may be necessary to maintain for a period of at least thirty (30) consecutive days thereafter a Loan balance less than or equal to twenty five percent (25%) of the Credit Limit. The Borrower's compliance with this provision shall not cause a termination of any security agreements, mortgages or other agreements which may secure the Loan.
Annual Clean-Up. For a period of not less than thirty (30) consecutive --------------- days occurring between September 30 and November 15 of each fiscal year, reduce the aggregate outstanding principal amount of Revolving Loans plus accrued interest thereon to $25,000,000 or less.
Annual Clean-Up. The Company will from time to time prepay the Loans in such amounts (or not borrow Loans hereunder) as shall be necessary so that, for a period of at least 30 consecutive days at any time during the 12- month period commencing on the Closing Date and during each 12- month period commencing on an anniversary of the Closing Date, the aggregate outstanding principal amount of the Loans shall be zero.
Annual Clean-Up. For a period in each year from March 1 through April 30 of such year (such period being the "Designated Cleanup Period" for such year), the Revolving Loan shall not exceed $0."
Annual Clean-Up. For a period of not less than thirty (30) consecutive days during each consecutive period of thirteen (13) Retail Periods, reduce the aggregate outstanding principal amount of Revolving Loans plus accrued interest thereon to zero.
Annual Clean-Up. For a period of sixty (60) consecutive days in each year, commencing between February 1 and February 28 of such year (such period being the "Designated Cleanup Period" for such year), the Revolving Loan shall not exceed $8,000,000 plus any sums maintained as in accounts at the Boston Office in accordance with Section 7.20 hereof.
Annual Clean-Up. In addition to the payment of interest when due on the Revolving Loan as provided herein, the Company shall not permit the outstanding principal balance of the Revolving Loan to exceed twenty percent (20%) of the Commitment for a minimum of thirty (30) consecutive calendar days in any twelve (12) month period while the Commitment is outstanding. Payment of the Revolving Loan to reduce the outstanding balance to comply with this provision shall be automatic and due and payable without demand.
Annual Clean-Up. The balance of the Loan shall equal ZERO AND 00/100 DOLLARS ($0.00) for a period of thirty (30) consecutive days during each loan year (the “Annual Clean Up Period”). The Annual Clean Up Period shall occur sometime during the period from January 15 through February 28 of each loan year.
Annual Clean-Up. Notwithstanding anything to the contrary in this Agreement, the Borrower agrees that as of any anniversary date of the Closing Date there shall have occurred during the twelve-month period immediately preceding such date a period of 30 consecutive days during which no Revolving Loans were outstanding under this Agreement in excess of an aggregate principal amount of $10,000,000 (the “Clean-Up Period”).
Annual Clean-Up. During each fiscal year of the Borrowers, for a period of forty-five (45) consecutive days commencing not earlier than December 15 and ending not later than the next following July 31, the aggregate amount of all Loans outstanding shall be zero. At the beginning of each such forty-five (45) day period, the Borrowers shall repay all Loans outstanding and within fourteen (14) days following the commencement of such forty-five (45) day period, CML and the Borrowers shall deliver to the Administrative Agent and the Lenders a certificate signed by the chief financial officer of CML notifying the Administrative Agent and the Lenders of the commencement of such forty-five (45) day period.
