Deposit Reduction Sample Clauses

Deposit Reduction. As the project advances, the Applicant may request a reduction in the Deposit held by the Town. Any reduction of the Deposit shall be in the sole discretion of the Town.
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Deposit Reduction. So long as any Deposit remains outstanding, ----------------- the Commitment of each Lender shall be deemed for all purposes hereof and of the other Loan Documents to be utilized in the amount of such Lender's Deposit.
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Deposit Reduction. If the Guarantor’s audited accounts shoe three (3) consecutive years where the Guarantor’s pre-tax profits are equal to or greater than three (3) times the Basic Rent (as defined in the Lease) the deposit shall be reduced to Five Million pounds (£5,000,000) and for the avoidance of doubt the Guarantor shall not be required to make any payments to increase the Deposit Balance
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Deposit Reduction. So long as the Sublessee is not then otherwise in default under this Sublease, Sublessor shall reduce the Security Deposit in two (2) annual installments each in the amount of $100,000.00 effective on the following dates: January 1, 2008 and January 1, 2009, respectively. Sublessee shall furnish Sublessor with a replacement Letter of Credit in the form called for by this Section 1.4, on the dates specified above and reduced by the amounts specified above.
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Related to Deposit Reduction

  • Application of Commitment Reductions; Payment of Fees The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

  • Voluntary Commitment Reductions (i) Borrower may, upon not less than three Business Days’ prior written or telephonic notice promptly confirmed by delivery of written notice thereof to Administrative Agent (which original written or telephonic notice Administrative Agent will promptly transmit by telefacsimile or telephone to each applicable Lender), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Commitments in an amount up to the amount by which the Revolving Commitments exceed the Total Utilization of Revolving Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Commitments shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount.

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