Common use of Clean Down Period Clause in Contracts

Clean Down Period. The Borrower will cause the aggregate outstanding principal balance of Distribution Loans to be zero for a period of at least fifteen (15) consecutive days during each twelve month period.

Appears in 4 contracts

Samples: Credit Agreement (Natural Resource Partners Lp), Credit Agreement (Natural Resource Partners Lp), Credit Agreement (Natural Resource Partners Lp)

AutoNDA by SimpleDocs

Clean Down Period. The Borrower will cause the aggregate outstanding principal balance of Distribution Loans made in connection with Section 6.06(iii) hereunder to be zero for a period of at least fifteen (15) consecutive days during each twelve month period.

Appears in 1 contract

Samples: Credit Agreement (Hiland Holdings GP, LP)

AutoNDA by SimpleDocs

Clean Down Period. The Borrower will cause the aggregate outstanding ----------------- principal balance of Distribution Loans to be zero for a period of at least fifteen (15) consecutive days during each twelve month periodcalendar year.

Appears in 1 contract

Samples: Credit Agreement (Penn Virginia Resource Partners L P)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!