Quarterly Reductions Sample Clauses

Quarterly Reductions. Beginning March 31, 2001, the RC Commitment shall be reduced quarterly by $6,250,000 on the last day of each calendar quarter until the Maturity Date.
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Quarterly Reductions. If the RC Commitment has not been reduced to Twenty Five Million dollars ($25,000,000) by March 31, 2002, then beginning March 31, 2002, the RC Commitment shall be reduced quarterly by Two Million Five Hundred Thousand Dollars ($2,500,000) on the last day of each calendar quarter through December 31, 2002 and, beginning March 31, 2003, the RC Commitment shall be reduced quarterly by Three Million Seven Hundred Fifty Thousand Dollars ($3,750,000) on the last day of each calendar quarter (or, in the case of the last applicable calendar quarter, such lesser amount which shall result in an aggregate RC Commitment reduction of Twenty Five Million Dollars ($25,000,000)) until the earlier of (A) the Maturity Date, or (B) the date on which the RC Commitment is reduced to Twenty Five Million Dollars ($25,000,000), in the aggregate.
Sample 1
Quarterly Reductions. On the last day of every calendar quarter, commencing June 30, 1997, the Revolving Acquisition Credit Limit shall be reduced by the amounts set forth below: Period Amount ------ ------ On June 30, 1997 $500,000 On September 30, 1997 and December 31, 1997 $750,000 per quarter From March 31, 1998 through December 31, 1998 $875,000 per quarter From March 31, 1999 through December 31, 2001 $1,000,000 per quarter On March 31, 2002 $1,500,000
Sample 1

Related to Quarterly Reductions

  • 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 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.

  • Quarterly Reporting Within 45 days after the close of the first three (3) quarterly periods of each of its fiscal years, balance sheets of Provider as at the close of each such period and statements of income and retained earnings and a statement of cash flows for the Provider for the period from the beginning of such fiscal year to the end of such quarter, all certified by its chief financial officer on behalf of the Provider.

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

  • 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.

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

  • Fiscal Periods Change its fiscal year-end to a date other than December 31, or its fiscal quarters to a date other than March 31, June 30, September 30 and December 31.

  • 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 Statements As soon as available and in any event within 45 days after the end of each quarterly fiscal period (except the last) of each fiscal year, copies of: (i) consolidated and consolidating balance sheets of the Company and Subsidiaries as of the close of the three-month period then ended, setting forth in comparative form the consolidated figures at the end of the preceding fiscal year, (ii) consolidated and consolidating statements of income and retained earnings of the Company and Subsidiaries for the three-month period then ended, setting forth in comparative form the consolidated figures for the corresponding period of the preceding fiscal year, and (iii) consolidated and consolidating statements of cash flows of the Company and Subsidiaries for the portion of the fiscal year ending with such three-month period, setting forth in comparative form the consolidated figures for the corresponding period of the preceding fiscal year, all in reasonable detail and accompanied by a certificate of an authorized financial officer of the Company that such financial statements fairly present the financial condition and results of operations and cash flows of the Company at and for the periods presented, subject to normal year-end adjustment;

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