Out of Debt Sample Clauses
Out of Debt. Not permit to be outstanding any Advances under the Line of Credit for a period of time equal to at least 30 consecutive calendar days in any one fiscal year.
Out of Debt. Not have any Borrowings outstanding for at least 30 consecutive days during the period from July 16, 2001, to December 31, 2001, and during each calendar year thereafter.
Out of Debt. During the [current][most recently completed] Fiscal Year, the outstanding amount of Revolving Loans was zero for the period beginning on and ending on .
Out of Debt. Notwithstanding anything to the contrary in this Agreement, Borrower agrees that for a period of thirty (30) consecutive days during each of its fiscal years there shall be no Obligations outstanding under this Agreement.
Out of Debt. Borrower shall cause all Credit Extensions to be repaid with no balance to be outstanding hereunder for at least one (1) period of thirty (30) consecutive days every 364 days during the period from the Closing Date through the Revolving Maturity Date.
Out of Debt. Borrower agrees to maintain the outstanding principal balance of the Loan at a zero balance for at least one (1) period of thirty (30) consecutive days during the term of the Loan.
Out of Debt. Following the initial Advance under the Crop Line of Credit but prior to the Expiration Date, not permit to be outstanding any Advances under the Crop Line of Credit for a period of time equal to at least 30 consecutive calendar days.
Out of Debt. Borrower agrees that there shall be at least one period of thirty (30) consecutive days during the period commencing on the Closing Date and ending on the Revolving Credit Maturity Date during which aggregate Advances under the Revolving Credit shall be zero.
Out of Debt. The unpaid balance of the Revolving Loans shall be $0 for at least Thirty (30) consecutive days during each calendar year].
Out of Debt. Borrower shall cause all Credit Extensions to be repaid, with no balance to be outstanding hereunder, for a period of thirty (30) consecutive days per every twelve months; provided, if Borrower fails to satisfy the foregoing covenant, in addition to being an Event of Default under Section 8.2(a), (i) Borrower shall pay to Bank within thirty (30) days, an amount equal to one percent (1%) of the outstanding Obligations, (ii) outstanding Advances shall accrue interest on the outstanding principal balance at a per annum rate equal to the greater of (A) eight and three quarters of one percentage point (8.75%) above the Prime Rate or (B) twelve percent (12.0%) until Borrower is in compliance with this covenant, and (iii) Borrower shall escrow its cumulative Management Fees at an account with Bank with a designation that Bank shall be the beneficiary of such amounts deposited until such time as Borrower complies with the covenant.