Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 to zero for a period of at least 30 consecutive days in each line-year. "Line-year" means the period between the date of this Agreement and June 30, 2000, and each subsequent one-year period (if any).
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Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 to zero this Agreement to[ zero] for a period of at least 30 consecutive days in each line-line- year. "Line-year" means the period between the date of this Agreement and June 30October 1, 2000, and each subsequent one-year period (if any). For the purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit.
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Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 this Agreement to zero for a period of at least 30 consecutive days in each line-line- year. "Line-year" means the period between the date of this Agreement and June 30July 1, 20002002, and each subsequent one-year period (if any). For the purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit.
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Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 One to zero for a period of at least 30 consecutive days in each line-year. "Line-year" means the period between the date of this Agreement and June 30December 31, 20002001, and each subsequent one-year period (if any). For purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit or shipside bonds.
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Samples: Business Loan Agreement (Pacific Sunwear of California Inc)
Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 this Agreement to zero for a period of at least 30 consecutive days in each line-line- year. "Line-year" means the period between the date of this Agreement and June 30May 1, 20002001, and each subsequent one-year period (if any). For the purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit.
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Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 this Agreement to zero for a period of at least 30 consecutive days in each line-year. "Line-year" means the period between the date of this Agreement and June 30February 1, 20002001, and each subsequent one-year period (if any).
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