Common use of Maximum Disbursements Clause in Contracts

Maximum Disbursements. Not permit the aggregate amount of Disbursements of the Loan Parties to exceed (i) $111,900,000 for the period beginning August 27, 2017 and ending September 30, 2017; (ii) $97,800,000 for the period beginning October 1, 2017 and ending October 28, 2017; (iii) $97,800,000 for the period beginning October 29, 2017 and ending November 25, 2017 and (iv) $108,000,000 for the period beginning November 26, 2017 and ending December 30, 2017. To the extent that 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) $111,900,000 116,000,000 for the period beginning August 27December 31, 2017 and ending September 30February 3, 20172018; (ii) $97,800,000 85,000,000 for the period beginning October 1February 4, 2017 2018 and ending October 28March 3, 20172018; and (iii) $97,800,000 74,000,000 for the period beginning October 29March 4, 2017 2018 and ending November 25March 31, 2017 and 2018. To the extent that (ivx) $108,000,000 exceeds the actual Disbursements of the Loan Parties for the period beginning November 26, 2017 and ending December 30, 2017. To the extent that 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)