Common use of Maximum Disbursements Clause in Contracts

Maximum Disbursements. Not permit the aggregate amount of Disbursements of the Loan Parties to exceed (i) $116,000,000 for the period beginning December 31, 2017 and ending February 3, 2018; (ii) $85,000,000 for the period beginning February 4, 2018 and ending March 3, 2018; (iii) $74,000,000 for the period beginning March 4, 2018 and ending March 31, 2018 (excluding Disbursements made to pay fees to the Lenders); (iv) $85,000,000 for the period beginning April 1, 2018 and ending April 28, 2018; (v) $84,000,000 for the period beginning April 29, 2018 and ending May 25, 2018; and (vi) $65,500,000 for the period beginning May 26, 2018 and ending June 15, 2018. To the extent that (x) $108,000,000 exceeds the actual Disbursements of the Loan Parties for the period beginning November 26, 2017 and ending December 30, 2017 or (y) the amount of Disbursements permitted with respect to any period set forth above exceeds the actual Disbursements of the Loan Parties for such period, such excess shall be added to the amount of Disbursements permitted with respect to the immediately succeeding period.

Appears in 1 contract

Sources: Credit Agreement (Celadon Group Inc)

Maximum Disbursements. Not permit the aggregate amount of Disbursements of the Loan Parties to exceed (i) $116,000,000 for the period beginning December 31, 2017 and ending February 3, 2018; (ii) $85,000,000 for the period beginning February 4, 2018 and ending March 3, 2018; (iii) $74,000,000 for the period beginning March 4, 2018 and ending March 31, 2018 (excluding Disbursements made to pay fees to the Lenders); and (iv) $85,000,000 83,500,000 for the period beginning April 1, 2018 and ending April 28, 2018; (v) $84,000,000 for the period beginning April 29, 2018 and ending May 25, 2018; and (vi) $65,500,000 for the period beginning May 26, 2018 and ending June 15, 2018. To the extent that (x) $108,000,000 exceeds the actual Disbursements of the Loan Parties for the period beginning November 26, 2017 and ending December 30, 2017 or (y) the amount of Disbursements permitted with respect to any period set forth above exceeds the actual Disbursements of the Loan Parties for such period, such excess shall be added to the amount of Disbursements permitted with respect to the immediately succeeding period.

Appears in 1 contract

Sources: Credit Agreement (Celadon Group Inc)