Week Budget Sample Clauses

Week Budget. Each of the Credit Parties will, and will cause each of its Subsidiaries to, comply with the most recently delivered 13-Week Budget. Operating cash disbursements shall be tested every four weeks on a combined basis, for the U.S. Credit Parties and the Canadian Credit Parties, as compared to the most recent 13-Week Budget with a permitted variance for the four-week period of 15%. For purposes of the covenant described in the preceding sentence, the disbursement of funds collected on behalf of one Subsidiary on behalf of another Subsidiary, shall be excluded from operating cash disbursements.

Week Budget. Agent shall have received a copy of the 13-Week Budget, in form and substance acceptable to Agent and the Lenders, which may be updated from time to time pursuant to amendments thereto as approved by Agent and the Requisite Lenders.

Week Budget. The Agent and the Required Lenders shall have received a copy of the 13-Week Budget, in form and substance acceptable to the Required Lenders.

Week Budget. As soon as available and in any event (i) no later than 12:00 p.m. (Denver, Colorado time) on each Monthly Test Date, a rolling 13-Week Budget in form and substance reasonably acceptable to the DIP Agent and the Majority Lenders, provided that (A) if the DIP Agent does not provide notice of approval or disapproval of any such 13-Week Budget within five (5) Business Days of such receipt thereof, the DIP Agent and the Majority Lenders will be deemed to have approved of such 13-Week Budget and (B) if a 13-Week Budget is not approved by the DIP Agent and the Majority Lenders the 13-Week Budget that was last approved by the DIP Agent and the Majority Lenders shall continue to be in effect) and (ii) no later than 12:00 p.m. (Denver, Colorado time) on each Second Thursday, a 13-Week Cash Flow Forecast, and (iii) no later than 12:00 p.m. (Denver, Colorado time) on each Weekly Test Date, a variance report as required under Section 5.16;

Week Budget. At the time of such Credit Extension, if such Credit Extension is a Borrowing of a Loan, the amount of such Credit Extension shall not be in excess of the amounts necessary to fund expenditures (in the aggregate) permitted under the most recently delivered 13- Week Budget in effect at such time, subject to any Permitted Variance under Section 6.09.

Week Budget. The Budget has been thoroughly reviewed by Borrower and its management and sets forth: (i) projected weekly operating cash receipts for each week commencing with the week ending October 21, 2006; (ii) projected weekly operating cash disbursements for each week commencing with the week ending October 21, 2006; (iii) projected aggregate principal amount of outstanding Revolving Advances and Letters of Credit for each week commencing with the week ending October 21, 2006; and (iv) projected weekly amounts of Revolving Advances and Letters of Credit available to Borrower under the terms, conditions and formulae of the Credit Agreement for each week commencing with the week ending October 21, 2006 (collectively, the "Projected Information"). In addition to the initial Budget, Borrower shall furnish to Agent by no later than 11:59 p.m. (New York City time) on the Monday of each week commencing with the week ending October 28, 2006, a report that sets forth for the immediately preceding week a comparison of the actual cash receipts, disbursements, loan availability and loan balances to the projected cash receipts, disbursements, loan availability and loan balances for such weekly periods set forth in the Budget on a cumulative, weekly roll-forward basis, together with a certification from the chief financial officer of Borrower that no Material Budget Deviation has occurred. The Debtors covenant and agree that the Budget and the Projected Information and other projections set forth therein are achievable and will allow the Debtors to operate at all times during the Chapter 11 Cases without the accrual of unpaid administrative expenses that would be required to be paid in accordance with the Bankruptcy Code in the ordinary course of the Debtors' businesses, subject, however, to Section 5.2 hereof and the other terms and conditions of the Financing Agreements, the Factoring Agreements and the

Week Budget. The Loan Parties shall comply with, and shall ensure the compliance of each of their Subsidiaries with, the then-applicable 13-Week Budget such that, for the amount specified under “Total Disbursements” in the 13-Week Budget, the Loan Parties shall not allow a cumulative adverse deviation of greater than 15% with respect to such then-applicable 13-Week Budget.