Common use of Paydown Period Clause in Contracts

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.

Paydown Period. To reduce the amount of advances outstanding under this Agreement to zero ($0.00) for a period of at least 30 thirty (30) consecutive days in each line- line-year. "Line-year" means the period between the date of this Agreement and July 1, 20022001, 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.

Paydown Period. To reduce the amount of advances outstanding under this Agreement to zero 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 October 1, 20022000, 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.

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 May 1, 20022001, 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.

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- line-year. "Line-year" means the period between the date of this Agreement and July February 1, 20022001, 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.

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- line-year. "'Line-year" ' means the period between the date of this Agreement Amendment and July 1August 31, 20022001, 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.