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
AutoNDA by SimpleDocs
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
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. The Aggregate Commitment and the Sublimits, respectively, shall be permanently reduced according to the following schedule: Percentage Date Reduction Mar. 31, 2000 8.00% June 30, 2000 8.00% Sep. 30, 2000 8.00% Dec. 31, 2000 8.00% Mar. 31, 2001 8.00% June 30, 2001 8.00% Sep. 30, 2001 8.00% Dec. 31, 2001 8.00% Mar. 31, 2002 9.00% June 30, 2002 9.00% Sep. 30, 2002 9.00% Dec. 19, 2002 9.00%
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 Report 5.1 Upon request, the contractor shall provide to the Purchasing Agent a quarterly report, showing all purchases made under the terms and conditions of the contract. 5.2 Such quarterly report shall itemize the following information: 1. Each ordering department. 2. Items and quantities purchased by department. 3. Total dollar amount of purchases by department.

  • 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 If reporting is on a quarterly basis, the AGENCY shall submit to the Orange County Citizens’ Commission for Children a complete, accurate, and programmatic Quarterly Report, in a format as provided by the COUNTY, on or before the 10th of the month following the close of the quarter, as well as supporting documentation. The Quarterly Reports shall, if applicable to the Scope of Work in Attachment “A”, list “Units of Service” provided (i.e.: hourly, per session, etc.) and/or any other pertinent outcome measurements outlined in Attachment “A”.

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

  • Quarterly Payments The quarterly payment cannot be increased in cases of target over-achievement. The payments are given on cumulative outputs, in arrears, and therefore the maximum payment available will be given by the end of the Contract if the agreed (target) number of outputs is reached or exceeded.

  • Quarterly Reports Following submission of the initial report, quarterly performance reports until submission of the final report described in the following subparagraph. Reports are due on January 30, April 30, July 30, and October 30.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!