Quarterly Reduction Sample Clauses

Quarterly Reduction. On the last calendar day in September 2003 and on the last calendar day of each third month thereafter and continuing until the remaining number of Units subject to the Award is zero (0) or the then-remaining Units subject to the Award become payable pursuant to Section 4, the total number of Units subject to the Award shall be reduced (from the amount set forth in Section 2 above and after giving effect to prior reductions to such number pursuant to the reduction provisions of this Agreement) by five thousand (5,000) Units (subject to adjustment in accordance with Section 11(a) of the Plan) on each such date (such that the total number Units subject to the Award is scheduled to become zero (0) on March 31, 2007 assuming that payment of the then-remaining Units is not triggered pursuant to Section 4 prior to that date). The Units subject to the Award are subject to accelerated reduction pursuant to Section 3(b) below and pursuant to Section 3(c) below. The Award shall terminate, without any payment in respect of such termination, if and when no Units remain subject to the Award.
Sample 1
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Quarterly Reduction. The Aggregate Commitment shall be permanently reduced according to the following schedule: Aggregate Date Commitment Dec. 31, 1998 $92,000,000 Mar. 31, 1999 84,000,000 June 30, 1999 76,000,000 Sep. 30, 1999 68,000,000 Dec. 31, 1999 60,000,000 Mar. 31, 2000 52,000,000 June 30, 2000 44,000,000 Sep. 30, 2000 36,000,000 Dec. 31, 2001 27,000,000 Mar. 31, 2001 18,000,000 June 30, 2001 9,000,000 Sep. 30, 2001 -0-
Sample 1
Quarterly Reduction. Commencing on June 30, 2000 and continuing on each Quarterly Date thereafter, the Borrowing Base in effect hereunder shall reduce automatically and without notice to Borrower by the Quarterly Reduction Amount then in effect.
Sample 1

Related to Quarterly Reduction

  • Quarterly Review For a period commencing on the initial effective date of the Registration Statement and ending five years from the date of the consummation of the Business Combination or until such earlier time at which the Liquidation occurs or the Common Stock and Warrants cease to be publicly traded, the Company, at its expense, shall cause its regularly engaged independent registered public accounting firm to review (but not audit) the Company’s financial statements for each of the first three fiscal quarters prior to the announcement of quarterly financial information, the filing of the Company’s Form 10-Q quarterly report and the mailing, if any, of quarterly financial information to stockholders.

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • Quarterly Report Within 30 days following the end of each calendar quarter during the Retrocession Term, the Retrocedent will prepare and deliver to the Retrocessionaire a report (the “Quarterly Report”) containing information relevant to the calculation of the amount (other than amounts due and owing pursuant to Article 8 hereof) owed by or to the Retrocessionaire hereunder in respect of such calendar quarter (which report shall be in such form as the Retrocedent and the Retrocessionaire shall reasonably agree).

  • Quarterly As of the last day of each Fiscal Quarter.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Quarterly Reporting Within 45 days after the close of the first three (3) quarterly periods of each of its respective fiscal years, to the extent not furnished under the Purchase Agreement, (A) consolidated balance sheets of Provider and its Subsidiaries as at the close of each such period and (B) consolidated statements of income and retained earnings and a statement of cash flows for Provider for the period from the beginning of such fiscal year to the end of such quarter, all certified by its respective chief financial officer or treasurer.

  • Quarterly Distributions On the Distribution Payment Date that follows each Distribution Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares as of the Record Date that preceded such Distribution Payment Date the Quarterly Distribution provided for under priority sixth of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares on such Record Date.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Annual Rating Review (a) So long as any of the Secured Notes of any Class remains Outstanding, on or before March 26th in each year commencing in 2021, the Issuer shall obtain and pay for an annual review of the rating of each such Class of Secured Notes from the Rating Agency, as applicable. The Issuer shall promptly notify the Trustee and the Collateral Manager in writing (and the Trustee shall promptly provide the Holders with a copy of such notice) if at any time the Issuer is notified or has actual knowledge that the then-current rating of any such Class of Secured Notes has been, or is known will be, changed or withdrawn.

  • Quarterly Payments If Tenant during any six (6) month period shall be more than five (5) days delinquent in the payment of any rent or other amount payable by Tenant hereunder on three (3) or more occasions, then, notwithstanding anything herein to the contrary, Landlord may, by written notice to Tenant, elect to require Tenant to pay all Base Monthly Rent and Additional Rent quarterly in advance. Such right shall be in addition to and not in lieu of any other right or remedy available to Landlord hereunder or at law on account of Tenant's default hereunder

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