Disbursement Amount(s) definition
Examples of Disbursement Amount(s) in a sentence
Neither the Initial Disbursement Amount, nor the Initial Disbursement Amount together with any Subsequent Disbursement Amounts, shall ever exceed the Loan Amount.
If any amount remains on deposit as Cash collateral after all Letters of Credit have either been fully drawn or expired, and all LC Disbursement Amounts thereunder have been reimbursed, such remaining amount shall be applied to the other Obligations, if any, in the order set forth in clause (b) above.
The Loan Budget shall set forth, on a weekly basis (from the Saturday up to and including the Friday of the relevant week) Budgeted Cash Receipts, Budgeted Disbursement Amounts, Budgeted Restructuring Related Amounts and Budgeted Debt Service Disbursement Amounts for the period beginning on the Effective Date for 13 weeks following the week in which the Effective Date occurs.
During any Variance Testing Period, permit Actual Disbursement Amounts for any Cumulative Four-Week Period to exceed the Budgeted Disbursement Amounts for such Cumulative Four-Week Period by an amount greater than ten percent (10.0%) of such Budgeted Disbursement Amounts for such Cumulative Four-Week Period.
Nothing in this Section 5.2(a), however, shall prohibit either the Receiver from requiring the Assuming Institution pursuant to Section 2.6 to deliver a Revised Quarterly Certificate that includes only Disbursement Amounts with respect to any Shared-Loss Quarter or the Assuming Institution from including in a Subsequent Quarterly Certificate pursuant to Section 2.6 any Withheld Amounts that the Receiver determines during the relevant Shared-Loss Quarter to be eligible for payment.
On each of July 29, 2023 and August 5, 2023, permit Actual Disbursement Amounts for each rolling Cumulative Four-Week Period then ended to exceed the Budgeted Disbursement Amounts for such Cumulative Four-Week Period reflected in the applicable Approved Budget(s) by an amount greater than ten percent (10.0%) of such Budgeted Disbursement Amounts for such period.
The undersigned represents and warrants that (i) the Actual Cash Receipts for the most recent Cumulative Four Week Period are not less than 90% of the Budgeted Cash Receipts for such Cumulative Four Week Period and (ii) the Actual Disbursement Amounts for such Cumulative Four Week Period do not exceed 110% of the Budgeted Disbursement Amounts for such Cumulative Four Week Period.
If any TMP Claims are asserted and unresolved on the Firm Escrow Account Release Date, then the Escrow Agent shall promptly deliver to CollegeLink Parent cash from the Firm Escrow Account in an amount equal to the positive difference, if any, between (A) the Claim Disbursement Amounts relating to such TMP Claims and (B) the amount of cash in the Firm Escrow Account as of immediately prior to the Firm Escrow Account Release Date.
The Escrow Agent shall effect such distributions to Parent by delivering to the Transfer Agent such Deposited Certificates and related stock transfer powers and written instructions as are necessary to transfer any Claim Disbursement Amounts from the Accounts of the Principals.
Upon receipt of a Final Instruction relating to any Parent Claim that is asserted and unresolved on the Termination Date, the Escrow Agent shall promptly deliver to each Principal the positive difference, if any, between (A) the Claim Disbursement Amounts relating to such Principal in such Final Instruction and (B) the number of Escrowed Shares in such Principal's Account.