Debt Reduction definition

Debt Reduction shall have the meaning specified in paragraph 4F.
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Debt Reduction means the aggregate net reduction of debt of the Company, the Employer and any Affiliate from the amount outstanding as of August 26, 2015.
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Debt Reduction has the meaning specified in Section 2.4(b)(ii).
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Examples of Debt Reduction in a sentence

  • The Manager shall not be authorized to call for more than one (1) Debt Reduction Capital Contribution per fiscal quarter pursuant to this subsection (ii).

  • Under no circumstances will Target be required to make any cash payments as a result of the Debt Reduction Payments.

  • If a Settlement Class member wishes to be excluded from the Settlement Class and the Settlement, that Settlement Class member is required to submit to the Settlement Administrator at the address listed in the Settlement Class Notices, a written, signed, and dated statement that he or she is opting-out of the Settlement Class and understands that he or she will not receive a Settlement Class Member Cash Payment or a Debt Reduction Payment from the Settlement of the Action.

  • In exchange for the releases described below, dismissal with prejudice of the Minnesota Action described below, and a final judgment in the California Action pursuant to the terms of this Settlement Agreement, Target agrees to make the business practice changes described in Section 2.2(a) and to pay the Cash Settlement Amount and Debt Reduction Cash Amount.

  • The information provided by the Settlement Administrator shall be considered conclusive as to which individuals are entitled to receive Settlement Class Member Cash Payments or Debt Reduction Payments and as to the amounts.

  • Within 105 days of the Effective Date, the Administrator shall send notifications of such Debt Reduction Payments to each eligible Settlement Class Member, which notice shall include the amount of the Debt Reduction Payment.

  • The Parties shall have no responsibility or liability for any federal, state, or other taxes owed by Settlement Class Members as a result of, or that arise from, any Settlement Class Member Cash Payment, Debt Reduction Payment or any other term or condition of this Agreement.

  • Within 60 days of the Effective Date, Target shall make the Debt Reduction Payments as described in Section 2.2(b)(6).

  • Notwithstanding the foregoing, in the event of a refinancing or repayment of debt (including a repayment of debt in connection with a Sale of a Property) that is then currently allocable to the Saracen Members that could result in a Saracen Debt Reduction Event, Manager will obtain a Tax Opinion.

  • All of the Purchase Proceeds shall be used by the Company to retire the Company obligations as set forth in the Debt Reduction Schedule attached hereto as Exhibit C.


More Definitions of Debt Reduction

Debt Reduction. Product, Service or Program means any product, service, or
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Debt Reduction means any pay down of Debt (excluding the conversion of any Debt into Crown Stock) and any payment with respect to any Preferred Stock, all determined as of the applicable Grant Date.
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Related to Debt Reduction

  • Debt Repayment means the repayment, prepayment, repurchase or defeasance of the Indebtedness of the Borrower under the Indebtedness that is identified on Schedule 1.1(g) to the Original Credit Agreement and that is repaid, prepaid, repurchased or defeased on the Original Closing Date (or such later date as may be necessary to effect the Debt Repayment in accordance with the tender offers therefor).

  • Relief Act Reduction With respect to any Mortgage Loan as to which there has been a reduction in the amount of the interest collectible thereon as a result of the application of the Servicemembers Civil Relief Act, any amount by which interest collectible on such Mortgage Loan for the Due Date in the related Due Period is less than the interest accrued thereon for the applicable one-month period at the Mortgage Interest Rate without giving effect to such reduction.

  • Relief Act Reductions With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • Senior Reduction Amount With respect to any Payment Date is either: