Paydown Period Sample Clauses

The Paydown Period clause defines a specific timeframe during which a borrower is required to make principal repayments on a loan, often in addition to regular interest payments. Typically, this period is set out in the loan agreement and may follow an initial interest-only phase, requiring the borrower to reduce the outstanding loan balance according to a predetermined schedule. The core function of this clause is to ensure that the lender receives timely repayment of principal, thereby reducing credit risk and providing a clear structure for debt amortization.
Paydown Period. To reduce the amount of advances outstanding under 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 July 1, 2002, 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 this Agreement to zero for a period of at least 30 consecutive days during each semi-annual calendar period in each year. 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 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 this Agreement to zero for a period of at least 30 consecutive days between January 1, 2002 and August 31, 2002."
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Paydown Period. To reduce the amount of advances outstanding under Facility No. 1 to zero for a period of at least 30 consecutive days during each fiscal year of Ashw▇▇▇▇. ▇▇r 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 this Agreement (other than the undrawn amount of any letters of credit then outstanding hereunder) to zero for thirty consecutive days during each of the semi-annual periods of (x) July 1, 2007 through December 31, 2007, (y) January 1, 2008 through June 30, 2008, and (z) each successive six month period thereafter.
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Paydown Period. Reduce the amount of Advances outstanding -------------- under the Overadvance Limit to zero for a period of at least thirty (30) consecutive days in each LineYear.
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Paydown Period. 38 7.7 Execution of Supplemental Instruments..........................38 7.8
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Paydown Period. To reduce the amount of advances outstanding under this Agreement to zero for at least 30 consecutive days during any rolling twelve-month period. For purposes of this paragraph, "advances" does not include undrawn amounts of outstanding letters of credit or shipside bonds.
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Related to Paydown Period

  • Loan Amount 5. ACCOUNT NAME(S) ............................................................................................................................................................................. BANK NAME / BRANCH ..................................................................................................................................................................

  • Break Period All employees working in full time (7 or 7.5 hour) positions shall be permitted a fifteen (15) minute rest period both in the first half and the second half of a shift.

  • Funding Period The Funding Period, if any, shall not have terminated.

  • Date Increment Due Increments shall accrue and become due and payable on the next day following completion of required service as an employee in the class, unless otherwise provided herein.

  • Optional Prepayments with Make-Whole Amount The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 5% of the aggregate principal amount of the Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment unless the Company and the Required Holders agree to another time period pursuant to Section 17. Each such notice shall specify such date (which shall be a Business Day), the aggregate principal amount of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.