Clean Down. The Borrower will cause the aggregate principal amount of outstanding Loans not to exceed $200,000,000 for a period of at least 30 consecutive days between January 15 and February 28 of each calendar year.
Clean Down. The Borrower will not permit the sum of (a) the outstanding Revolving Loans and (b) the outstanding Specified Acquisition Loans to exceed $30,000,000 for a period of 30 consecutive days during each fiscal year.
Clean Down. If as of the last day of any fiscal quarter, any Revolving Credit Loans or Swing Line Loans are outstanding and Consolidated EBITDA for the most recent period of four consecutive fiscal quarters for which Required Financial Statements have been delivered is less than $110,000,000, the Borrowers shall (i) not borrow any additional Revolving Credit Loans or Swing Line Loans during the next succeeding fiscal month of July and (ii) repay all outstanding Revolving Credit Loans and Swing Line Loans for a period of not less than 30 consecutive calendar days between the following September 1 and November 30.
Clean Down. For at least 30 consecutive days during each fiscal year and for at least ten consecutive days during the period commencing on December 1 through and including January 31 of each fiscal year, no Revolving Credit Loan borrowed under the Working Capital Sublimit shall be outstanding.
Clean Down. The applicable Borrower 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 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 (b) the Dollar Equivalent of the aggregate unpaid principal balance of Canadian Revolving Loans denominated in Canadian Dollars, does not exceed $20,000,000.
Clean Down. The Borrower shall cause the aggregate outstanding principal amount of Revolving Credit Advances 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.
Clean Down. The Borrower will cause the aggregate outstanding principal balance of the Working Capital Revolving Loans which constitute “Working Capital Borrowings” under and as defined in the Parent LP Agreement, to be zero for a period of at least 15 consecutive days (i) during each calendar year commencing in 2008, and (ii) during each twelve (12) month period commencing on the Effective Date.
Clean Down. The Company shall:
(a) ensure that, for a period of at least five consecutive Business Days (each a “Clean Down Period”) in each financial year of the Company:
(i) all Facility B Loans; and
(ii) all amounts outstanding under any Letter of Credit or Bank Guarantee or similar instrument issued under an Ancillary Facility to the extent that the Letter of Credit or Bank Guarantee or other instrument supports actual outstanding Financial Indebtedness of any member of the Group on a loan or current account, after deducting an amount equal to the aggregate amount of Cash and Cash Equivalent Investments held by each member of the Group, are reduced to zero;
(b) notify the Agent at least three Business Days before the start of any proposed Clean Down Period; and
(c) ensure that not less than three Months shall elapse between two Clean Down Periods.
Clean Down. During the fourth fiscal quarter of each fiscal year, permit the Revolving Advances and Swing Loans, in the aggregate, to exceed $10,000,000 at any time for a period of 30 consecutive days during such period.
Clean Down. (a) At all times prior to February 15, 2013, each Borrower shall not permit the total amount of Revolving Loans outstanding to exceed $4,000,000 at any time.
(b) After the Closing Date and prior to February 15, 2013, each Borrower shall not permit the total amount of Revolving Loans outstanding to exceed $2,000,000 at any time.
(c) Commencing on February 15, 2013 prior to April 15, 2013, each Borrower shall not permit the total amount of Revolving Loans outstanding to exceed $1,000,000 at any time.
(d) The Borrowers shall repay all outstanding Revolving Loans on or prior to May 15, 2013.
(e) Commencing on the first day on or after April 15, 2013 on which the total amount of Revolving Loans outstanding is $0, and for a period of thirty (30) consecutive days thereafter (such 30-day period, the “Clean-down Period”), each Borrower shall not permit any Revolving Loans to be outstanding.
(f) After the Closing Date, the Borrowers shall not be permitted to borrow any Revolving Loans until after the Clean-down Period. Notwithstanding anything herein to the contrary, charges to the Loan Account (i) pursuant to Section 2.6(d)(i) shall not be a violation of this Section 6.14; provided, that such amounts are repaid on the date such amounts are due, and (ii) pursuant to Section 2.6(d)(ii) shall not be a violation of this Section 6.14; provided, that, such amounts are repaid within three (3) Business Days.
