Common use of Line of Credit Annual Cleandown Clause in Contracts

Line of Credit Annual Cleandown. Borrower covenants and agrees to reduce the outstanding principal balance of the Loan and the Note to an amount not exceeding Ten Million and 00/100 Dollars ($10,000,000.00) for not less than thirty (30) consecutive days on or before the annual anniversary date of this Agreement, including any annual extension or renewal periods occurring hereafter.” 10. The Loan Agreement is hereby further amended and modified so as to delete in its entirety Section 10.21 ERISA (b)(ii) of the Loan Agreement and replace the same with the following:

Line of Credit Annual Cleandown. Borrower covenants and agrees to reduce the outstanding principal balance of the Loan and the Note to an amount not exceeding Ten Five Million and 00/100 Dollars ($10,000,000.005,000,000.00) for not less than thirty (30) consecutive days on or before the annual anniversary date of this Agreement, including any annual extension or renewal periods occurring hereafter.” 10. The Loan Agreement is hereby further amended and modified so as to delete in its entirety Section 10.21 ERISA (b)(ii) of the Loan Agreement and replace the same with the following: