Common use of Volume Cap Clause in Contracts

Volume Cap. The Issuer has a carryforward of Arkansas state volume cap from the 2018 calendar year, plus Arkansas state volume cap from the 2019 calendar year in an amount equal to or greater than the aggregate principal amount of the portion of the Series 2019 Bonds for which an allocation of Arkansas state volume cap is required pursuant to the Code.

Volume Cap. The Issuer has a carryforward of Arkansas state volume cap from the 2018 2019 calendar year, plus Arkansas state volume cap from the 2019 2020 calendar year in an amount equal to or greater than the aggregate principal amount of the portion of the Series 2019 2020 Bonds for which an allocation of Arkansas state volume cap is required pursuant to the Code.