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 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.

Initial Reduction Date has the meaning specified in Section 2.09(a).

Examples of Initial Reduction Date in a sentence

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.
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.
During the period commencing on April 1, 1999 and ending on May 31, 1999, Borrower may by written request delivered to the Administrative Agent (with sufficient copies thereof for the Lenders) request that the Initial Reduction Date and the Maturity Date each be extended for one (1) year.
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.
On or before the third (3rd) Business Day following the receipt of Joint Written Instructions by the Escrow Agent notifying the Escrow Agent of the Initial Reduction Date, subject to the provisions of the following sentence, the Escrow Agent shall pay to the Former Stockholders the Initial Escrow Disbursement.
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.
The Initial Escrow Disbursement shall also include a share of the earnings and interest earned on the Escrow Amount through the Initial Reduction Date, and after deducting any expenses of the Escrow Agent hereunder, determined by multiplying such amount by a fraction, the numerator of which is the amount of the Initial Escrow Disbursement and the denominator of which is $19,875,000.
On the Initial Reduction Date, the Escrow Amount shall automatically be reduced by the excess of the Escrow Amount on hand on the Initial Reduction Date over the sum of (i) $7,950,000 plus (ii) the Pending and Paid Claims Amount (as defined below) (the amount of such distribution, together with any share of interest and other earnings on the Escrow Amount as provided below, being referred to as the "Initial Escrow Disbursement").
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, ▇▇▇▇▇▇ 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.

More Definitions of Initial Reduction Date

Initial Reduction Date means September 30, 2000 or such later Initial Reduction Date as may then be in effect pursuant to Section 2.11.

Initial Reduction Date means March 31, 1999.

Initial Reduction Date means the earlier to occur of the following: (i) Tenant obtains full approval from the United States Food and Drug Administration with respect to Tenant's multi-cancer early detection test; (ii) October 1, 2030, so long as no monetary default beyond any applicable notice and cure period has occurred under this Lease prior to such date; or (iii) at any time after the Effective Date, Tenant has achieved four (4) consecutive quarters of profitability, as measured by Tenant's statement of profits and losses and other related financial information to be provided by Tenant to Landlord; however, in no event shall the Initial Reduction Date occur prior to July 1, 2027. If Tenant desires for the L-C Amount to be reduced pursuant to clause (i) or (iii) above, Tenant shall deliver to Landlord reasonable supporting documentation to evidence that Tenant has satisfied the requirements set forth in said clauses and any such other information that Landlord may reasonably request. So long as no Event of Default is continuing under this Lease Tenant shall have the right to reduce the L-C Amount as set forth above via the delivery to Landlord of either (x) an amendment to the existing L-C (in form and content reasonably acceptable to Landlord) modifying the L-C Amount to the amount then required under this Article 21, or (y) an entirely new L-C (in the form and content otherwise required in this Article 21) in the total L-C Amount then required under this Article 21. Docusign Envelope ID: 5DE73501-8C5C-4E6E-96B1-0423E835E57AE2AF5422 D231- 4EC- 97B-A39CF5CF9824

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.

Initial Reduction Date means December 13, 1998, unless further extended in accordance with Section 2.08.