Initial Reduction Date definition

Initial Reduction Date. With respect to any Class of Multi-Class Certificates that are Sequential Distribution Certificates, the Distribution Date, if any, specified in Article I on which the Holders of Certificates of such Class are entitled to begin receiving distributions in reduction of Stated Principal Balance, if such distributions have not already begun.
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Initial Reduction Date has the meaning specified in Section 2.09(a).
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Initial Reduction Date means the first (1st) day of the first (1st) calendar month following the month in which the No Reduction Period expires and the L-C Reduction Conditions are satisfied, whether or not Tenant has delivered evidence to Landlord that such L-C Reduction Conditions are satisfied.
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Examples of Initial Reduction Date in a sentence

  • Thereafter, quarterly installments are due of $9,375,000 for the next four quarters; $11,250,000 for the next eight quarters; $12,500,000 for the next three quarters; and the balance maturing four years after the Initial Reduction Date.

  • Each reduction of the Total Commitment pursuant to this Section 2.09(b) made after the Initial Reduction Date shall reduce the amount that must be reduced on each subsequent Reduction Date in the order in which each such reduction is to occur.

  • An initial payment of $20,000,000 is due on March 31, 1998, which is the Initial Reduction Date.

  • All equipment and installations are in working order and any complaint made to the contrary must be expressed within 1 hour of arrival.

  • An initial payment of $20,000,000 is due on March 31, 1998 which is the Initial Reduction Date.

  • Nelson has requested, and Lenders hereby agree, that the Initial Reduction Date shall mean December 13, 2001, pursuant to the provisions of Section 2.08 of the Credit Agreement.

  • Long-Term Debt, continued An initial payment of $20,000,000 was due on March 31, 1998 which was the Initial Reduction Date.

  • If a request for extension is made during the April 1, 1999 through May 31, 1999 period as aforesaid and the requested extension is granted by the Lenders, Borrower shall have the right to request a further one (1) year extension of the Initial Reduction Date and Maturity Date during the period from April 1, 2000 through May 31, 2000.

  • Each Notice of Extension shall request an extension to the Initial Reduction Date of a one (1) year period, no more, no less, provided, however, Xxxxxx may, but shall not be obligated to, submit an unlimited number of Notices of Extensions to Agent prior to the Initial Reduction Date provided such Notices of Extension comply with this Section 2.08.

  • Commencing on the Initial Reduction Date and continuing thereafter on each one (1) year anniversary thereof until the Final Maturity Date, the Revolving Loan Commitments shall be permanently and ratably reduced by an amount equal to the Reduction Amount plus interest accrued and unpaid on the amount of such prepayment.


More Definitions of Initial Reduction Date

Initial Reduction Date means the earlier of (a) the last day of the ---------------------- ---------- Fiscal Quarter occurring at least 365 days and not more than 457 days after the Completion Date or (b) September 30, 1998.
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Initial Reduction Date means December 13, 1998, unless further extended in accordance with Section 2.08.
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Initial Reduction Date means March 31, 1999.
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Initial Reduction Date means September 30, 2000 or such later Initial Reduction Date as may then be in effect pursuant to Section 2.11.
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Related to Initial Reduction Date

  • Reduction Date has the meaning set forth in Section 20.1B.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 18.15(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 18.15(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control or (iii) with respect to a Potential Change in Control occurring pursuant to Section 18.15(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Retention Date shall have the meaning set forth in Section 9.01 of this Agreement.

  • Lease Termination Date means the last day of the Lease Term.

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Transition Date means the date on which this contract comes into effect for all purposes.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • 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.

  • Accrual Termination Date Not applicable.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.