Common use of Clean Down Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

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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 20082011, and (ii) during each twelve (12) month period commencing on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

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 20082007, and (ii) during each twelve (12) month period commencing on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

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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 20082007, and (ii) during each twelve (12) month period commencing on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

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