Common use of Restructuring Costs Clause in Contracts

Restructuring Costs. The Company shall not, and shall not suffer or permit any Subsidiary to, incur Restructuring Costs in excess of the following amounts in the following periods: Period Amount ------ ------ Closing through the end of fiscal year 1998 $65,000,000 Fiscal year 1999 $55,000,000 Fiscal year 2000 $50,000,000 Fiscal Year 2001 $10,000,000 Each fiscal year thereafter $ 5,000,000 provided, however, that if the Company and its Subsidiaries do not incur the full amount of restructuring costs scheduled to be permitted in any such period, the amount not so incurred may be carried over for incurrence in the next period but not after such next period.

Appears in 2 contracts

Samples: Credit Agreement (Ameriserve Transportation Inc), Credit Agreement (Nebco Evans Holding Co)

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Restructuring Costs. The Company shall not, and shall not suffer or permit any Subsidiary to, incur Restructuring Costs in excess of the following amounts in the following periods: Period Amount ------ ------ Closing Date through the end of fiscal year December 31, 1998 $65,000,000 Fiscal year 55,000,000 January 1, 1999 through December 31, 1999 $55,000,000 Fiscal year 20,000,000 January 1, 2000 $50,000,000 Fiscal Year 2001 $10,000,000 through December 31, 2000 $ 5,000,000 Each fiscal year thereafter $ 5,000,000 3,000,000; provided, however, that if the Company and its Subsidiaries do not incur the full amount of restructuring costs scheduled to be permitted in any such period, the amount not so incurred may be carried over for incurrence in the next period but not after such next period.

Appears in 1 contract

Samples: Credit Agreement (Nebco Evans Holding Co)

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Restructuring Costs. The Company shall not, and shall not suffer or permit any Subsidiary to, incur Restructuring Costs in excess of the following amounts in the following periods: Period Amount ------ ------ Closing through the end of fiscal year 1998 $65,000,000 Fiscal year 1999 $55,000,000 175,000,000 Fiscal year 2000 $50,000,000 $ 25,000,000 Fiscal Year 2001 $$ 10,000,000 Each fiscal year thereafter $ 5,000,000 provided, however, that if the Company and its Subsidiaries do not incur the full amount of restructuring costs scheduled to be permitted in any such period, the amount not so incurred may be carried over for incurrence in the next period but not after such next period.

Appears in 1 contract

Samples: Credit Agreement (Nebco Evans Holding Co)

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