Actual Reduction definition

Actual Reduction has the meaning given to it in limb (b)(i) of the definition of Base Relevant Insurance Reduction;
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Actual Reduction means, in respect of a Half Hour during a DR Period, Ramp- Down Period or Ramp-Up Period, the amount by which NZAS has reduced Consumption for that separate Half Hour, calculated as M – D, where: M = the lower of (i) the average of the Volume Consumed in each Half Hour during the Reference Period (expressed in MWh per Half Hour) or (ii) 286 MWh per Half Hour. D = the average of the Volume Consumed in that separate Half Hour during the DR Period, Ramp- Down Period or Ramp-Up Period.
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Actual Reduction means, in respect of a Calculation Period during a DR Period, the amount by which NZAS has reduced Consumption for that Calculation Period, calculated as M – D, where: M = the average of the Volume Consumed in each Calculation Period during the Reference Period. D = the average of the Volume Consumed in that Calculation Period. If (M – D) for a Calculation Period is a negative number, the Actual Reduction for the Calculation Period shall be deemed to be zero.
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Examples of Actual Reduction in a sentence

  • If Actual Reduction ≥ (50% * Reduction Target) AND < (Reduction Target), then Measure Score is equal to: (Actual Reduction - (50% * Reduction Target)) / (Reduction Target - (50% * Reduction Target)) For example, if the State achieves less than 50% of the Reduction Target, then the measure score will be equal to 0%.

  • If the Actual Reduction Amount is less than the Estimated Reduction Amount, Buyer shall pay the difference to Sellers' Representative for further distribution to Sellers in accordance with Schedule 2.2(a)(i) within ten (10) days after delivery or receipt of the Reduction Statement, as applicable.

  • In the event Tenant fails to timely surrender the 14th Floor Space, effective as of the date immediately following the Actual Reduction Date and for so long as Tenant thereafter remains in occupancy of the 14th Floor Space, Tenant shall pay holdover rent for the 14th Floor Space in accordance with Article 24 of this Lease.

  • In the event Landlord elects to recapture the 14th Floor Space, then on the Actual Reduction Date, Tenant will execute and deliver to Landlord a ▇▇▇▇ of Sale in the form attached hereto as Exhibit D conveying to Landlord, for no additional consideration, the furniture then located in the 14th Floor Space which shall be substantially the same in quantity and quality (subject to reasonable wear and tear) to the furniture listed on the Furniture Inventory List (as such term is defined in the Contract).

  • Actual Reduction Capacity for each month and each TEC DRP Event will be calculated when tested by EnerNOC as follows.

  • If the Actual Reduction Amount is greater than the Estimated Reduction Amount, Buyer shall be entitled to immediately collect the difference from the Escrow Account in accordance Article VIII and the Escrow Agreement.

  • On the Actual Reduction Date, Tenant shall surrender the 14th Floor Space to Landlord in the condition required pursuant to Article 29 of this Lease.

  • On the Reduction Effective Date, this Lease shall be deemed terminated with respect to the Actual Reduction Space, and Tenant shall surrender the Actual Reduction Space to Landlord in “broom-clean” condition and otherwise in accordance with the terms of this Lease.

  • If Tenant elects to exercise the Reduction Option, the Termination/Reduction Notice shall also specify the location and outline of the 284,208 rentable square feet portion of the Premises which Tenant desires to terminate (the “Actual Reduction Space”); it being understood that the Actual Reduction Space must be marketable, as reasonably determined by Landlord, and must satisfy configuration and code specifications as determined in Landlord’s reasonable judgment.


More Definitions of Actual Reduction

Actual Reduction means, in respect of a Calculation Period during a DR Period, Ramp-Down Period, Paused Period or Ramp-Up Period, 75% of the total amount by which NZAS has reduced Consumption for that Calculation Period, calculated as 0.75 x (M – D), where: M = the average of the Volume Consumed in each Calculation Period during the Reference Period (expressed in Units per Calculation Period) D = the Volume Consumed in the Calculation Period If (M – D) for a Calculation Period is a negative number, the Actual Reduction for the Calculation Period shall be deemed to be zero.
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Related to Actual Reduction

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Appraisal Reduction Event With respect to any Serviced Loan, the earliest of (i) the date on which such Serviced Loan becomes a Modified Asset, (ii) the date on which such Serviced Loan is 60 days or more delinquent in respect of any Monthly Payment, which does not include a Balloon Payment, (iii) solely in the case of a delinquent Balloon Payment, (A) the date occurring 60 days after the date on which such Balloon Payment was due (except as described in the immediately following clause (B)) or (B) if the related Mortgagor has delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a refinancing commitment acceptable to the Special Servicer prior to the date 60 days after the Balloon Payment was due, the date occurring 120 days after the date on which the Balloon Payment was due (or such shorter period beyond the date on which that Balloon Payment was due during which the refinancing is scheduled to occur), (iv) the date on which the related Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed and continues for 60 days in such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor is subject to a bankruptcy, insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or similar proceeding, is not dismissed within those 60 days, or (vii) the date on which such Serviced Loan remains outstanding five (5) years following any extension of its maturity date pursuant to Section 3.24 of this Agreement. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Companion Loan(s). If an Appraisal Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Mortgage Loan and any other Serviced Companion Loan(s) included as part of that Serviced Loan Combination. No Appraisal Reduction Event may occur at any time when the aggregate Certificate Balance of all Classes of Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-AB Certificates) has been reduced to zero. The Special Servicer shall notify the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence of any of the foregoing events.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.

  • Cumulative Appraisal Reduction Amount As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate Administrator and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Cumulative Appraisal Reduction Amount. None of the Master Servicer, the Trustee nor the Certificate Administrator shall calculate or verify any Cumulative Appraisal Reduction Amount.