Cleandown Period definition

Cleandown Period means the period commencing March 1 and ending September 30 during each Fiscal Year.
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Cleandown Period means a period of thirty (30) consecutive days selected by the Borrower during each Fiscal Year.
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Cleandown Period shall have the meaning ascribed to such term in Section 2.01(a)(v). ------------------
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Examples of Cleandown Period in a sentence

  • During each Fiscal Year, the Borrower shall select a Cleandown Period.

  • Notwithstanding anything to the contrary in this Agreement and commencing with the Fiscal Year beginning October 1, 2009, the Borrower must reduce to and/or maintain at $10,000,000 or less, as the case may be, the aggregate outstanding principal balance of all Working Capital Loans and Swingline Loans for a period of not less than thirty (30) consecutive days during each Cleandown Period.

  • During the Clean-down Period for each fiscal year of the Borrower, the aggregate unpaid principal amount of outstanding Revolving Loans and Supplemental Revolving Loans, plus outstanding Letters of Credit Usage (which are not cash collateralized in a manner satisfactory to the Administrative Agent) shall not exceed the Clean-down Amount.

  • For the duration of each such Cleandown Period, the Borrower shall not request, create or incur any Revolving Credit Loans, Swingline Loans or Revolver Letters of Credit to the extent that the aggregate principal amount of all outstanding Revolving Credit Loans, Swingline Loans and Revolver L/C Obligations (after giving effect to any amount requested, created or incurred) would exceed $15,000,000.

  • On the first day of each Cleandown Period, the Borrower shall repay the Revolving Credit Extensions of Credit then outstanding to the extent necessary to reduce the total amount of outstanding Revolving Credit Loans, Swingline Loans and Revolver L/C Obligations to an amount not exceeding $15,000,000.

  • During the Clean-down Period for each fiscal year of the Borrower, the aggregate unpaid principal amount of outstanding Revolving Loans plus outstanding Letters of Credit Usage shall not exceed the Clean-down Amount.

  • Notwithstanding anything to the contrary contained in the Credit Agreement, the Banks hereby waive the requirement that the outstanding principal amount of Revolving Loans during the Clean-down Period ending September 30, 1998 not exceed the Clean-down Amount.

  • Notwithstanding anything to the contrary in this Agreement and commencing with the Fiscal Year beginning October 1, 2004, the Borrower must reduce to and/or maintain at $5,000,000 or less, as the case may be, the aggregate outstanding principal balance of all Working Capital Loans and Swingline Loans for a period of not less than thirty (30) consecutive days during each Cleandown Period.

  • Receipt by the Administrative Agent of a certificate, in form and substance satisfactory to the Administrative Agent, certified as accurate by the chief executive officer or chief financial officer of the Borrower, certifying that the cleandown requirement set forth in Section 4.02(b) has been satisfied for the Fiscal Year 2003 Cleandown Period.

  • For the duration of each such Cleandown Period, the Borrower shall not request, create or incur any Revolving Credit Loans or Swingline Loans to the extent that the aggregate principal amount of all outstanding Revolving Credit Loans and Swingline Loans (after giving effect to any amount requested, created or incurred) would exceed $15,000,000.


More Definitions of Cleandown Period

Cleandown Period the meaning specified in Section 8.4C.
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Cleandown Period means the period beginning on November 1 of each year and ending on the final day of February of the subsequent year.
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Cleandown Period means a period, declared by the Borrower to be the "Cleandown Period", of thirty (30) consecutive days during each fiscal year of the Borrower, commencing with the Borrower's fiscal year beginning November 30, 1998."
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Cleandown Period is defined in clause (l) of Section 3.1.1.
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Related to Cleandown Period

  • Wind-Down Period is defined in Section 12.5 of this Agreement.

  • Buydown Period The period of time when a Buydown Agreement is in effect with respect to a related Buydown Mortgage Loan.

  • Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

  • Commissioning Period means, with respect to each Subproject, the period commencing upon the first delivery of Feed Gas to the Subproject in accordance with Sections 4.8 and 11.1 of the Agreement continuing through achievement of RFSU, commissioning, Start Up, Performance Testing and achievement of Substantial Completion for such Subproject.

  • Clean-Up Period has the meaning specified in Section 8.02(b).

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7 a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Remediation Period has the meaning specified in Section 8.2(a);

  • Completion Period means the period starting from the date of issue of "Order" and required to complete the work in all respect.

  • Start-up Period means up to a maximum of 7 Academy Financial Years and covers the period up to and including the first Academy Financial Year in which all age groups are present at the Academy (that is, all the pupil cohorts relevant to the age-range of the Academy will have some pupils present).

  • Ramp Period The Ramp Period shall begin on the Effective Date and continue for a period of 3 months following the Effective Date. Commencing with the Effective Date and at all times during the Ramp Period thereafter, Customer will receive the rates, discounts, charges and credits set forth herein and will not be subject to the AVC. Annual Volume Commitment (“AVC”): $360,000 in Total Service Charges (“AVC”) during each contract year of the Term (following the expiration of the Ramp Period).

  • Operating Period means the period commencing from the Commercial Operation Date, until the last day of the Term of this Agreement or date of earlier termination of this Agreement in accordance with Article 2 of this Agreement;

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending one week or one, two, three or six months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • PEA Period means the period commencing at 9:30 a.m., Eastern time, on the fifth (5th) Business Day immediately prior to the filing of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement), and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement (as defined herein) or New Registration Statement (as such term is defined in the Registration Rights Agreement).

  • Due Diligence Period has the meaning set forth in Section 4.1.

  • return period means the period following expiry of the maximum parking stay in that parking place during which the driver shall not return the vehicle to the parking place;

  • Rental Period means the calendar period during which Government property is made available for nongovernmental purposes.

  • Study Period means the period commencing at 9:00 a.m. on the date hereof, and continuing through 5:00 p.m. on the Closing Date.

  • Lease Period means each of the consecutive periods throughout the Basic Term and any Renewal Term ending on a Lease Period Date, the first such period commencing on and including the Delivery Date.

  • Monitoring Period means the period from the Launch Date to the Valuation Date (both dates including) at such point in time at which the Reference Price of the Underlying is determined and published..

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Draw Down Pricing Period means, with respect to each Draw Down, a period of eight (8) consecutive Trading Days beginning on the first Trading Day specified in a Draw Down Notice.

  • Draw Period is the period of time from the Effective Date through the earlier to occur of (a) June 30, 2012, or (b) an Event of Default.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.