Mandatory Reduction definition

Mandatory Reduction means the required reduction of the Aggregate Capital of a Purchaser as a result of the occurrence of a Mandatory Reduction Day.
Sample 1Sample 2
Mandatory Reduction means a reduction in the Total Commitment effected (a) pursuant to the definition of "Total Commitment" or (b) pursuant to Section 2.3.2.
Sample 1Sample 2Sample 3
Mandatory Reduction means the permanent reduction in the Total Commitment required pursuant to Section 2.08(b) of this Agreement in an amount equal to the greater of (i) $4,000,000.00 less any reductions (not reinstated) in the Total Commitment made since the date of the prior Mandatory Reduction or (ii) the principal amount of the Senior Notes paid on May 31, 2001 and May 31, 2002.
Sample 1

Examples of Mandatory Reduction in a sentence

  • Nothing in this section shall be construed as requiring an authority having jurisdiction to issue an order to remedy in a given situation where violations of the Uniform Code are found to exist if, in the judgment of the authority having jurisdiction, such violations can be addressed adequately by the use of other enforcement tools or by other means.

  • The Council follows The Mandatory Reduction Directions for social landlords (councils or housing associations) which came into force in England on 12 August 2014.The Mandatory Reduction Directions limit the amount of service charges recoverable from leaseholders of social landlords, who occupy their flat or house as their only or principal home.

  • RequestIn response to (EO) N-7-22 to reduce water usage by 20-30% and to achieve MWD’s reduction of non-essential water use and preserve water supplies, GSWC is seeking to activate and implement Stage 2 – 20% Mandatory Reduction, in its Schedule 14.1 in the Claremont CSA.

  • Crépon, Bruno, and Francis Kramarz, 2002, “Employed 40 Hours or Not employed 39: Lessons from the 1981 Mandatory Reduction of the weekly Working Hours”, Journal of Political Economy.

  • In August 2014, the DCLG introduced amended regulations designed to impose an annual cap of £15,000 (£10,000 outside London) on leaseholder bills for major works (The Social Landlords Mandatory Reduction of Service Charges (England) Directions 2014).

  • Bruno Crépon and Francis Kramarz, “Employed 40 Hours or Not Employed 39: Lessons from the 1982 Mandatory Reduction of the Workweek,” Journal of Political Economy, 110 (Dec.

  • No Event of Default, Default or any prepayment event pursuant to clause 8 (Mandatory Reduction, Prepayment and Cancellation) is existing or might reasonably be expected to result from the making of the Utilisation or the entry into and performance of or any transaction contemplated by any of the Finance Documents.

  • Amount If, on any day, the Seller knows or should know that the Percentage Interest exceeds 100%, the Servicer or the Seller shall promptly notify the Administrative Agent and the Facility Agents and shall specify the Mandatory Reduction Amount.

  • This increases with new debt-financed capital expenditure and reduces by the MRP amount within the year.

  • Section 2.10 Mandatory Reduction of the Commitments; Mandatory Prepayment of Advances.


More Definitions of Mandatory Reduction

Mandatory Reduction has the meaning specified in Section 2.5 (Reduction and Termination of the Revolving Credit Commitments).
Sample 1
Mandatory Reduction. Date shall mean June 16, 1998 or any later date if the Mandatory Reduction Date shall be extended pursuant to the terms hereof.
Sample 1

Related to Mandatory Reduction

  • Mandatory Retirement means termination of employment pursuant to the Company’s mandatory retirement policy.

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • Salary Reduction means the amount by which the Participant's Compensation is reduced and applied by the Employer under this Plan to pay for one or more of the Benefits, as permitted for the applicable Component, before any applicable state and/or federal taxes have been deducted from the Participant's Compensation (i.e., on a pre-tax basis).

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

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

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • 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.

  • Salary reduction plan means a benefit plan whereby state and

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Mandatory Reporter means any public or private official who, while acting in an official capacity, comes in contact with and has reasonable cause to believe that an individual with disabilities has suffered abuse, or that any person with whom the official comes in contact while acting in an official capacity, has abused the individual with disabilities. Pursuant to ORS 430.765(2) psychiatrists, psychologists, clergy and attorneys are not mandatory reporters with regard to information received through communications that are privileged under ORS 40.225 to 40.295.

  • Special Mandatory Redemption has the meaning set forth in Section 3.07.

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • 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.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Mandatory Tender Date means any date on which a Multi-Modal Bond is subject to mandatory tender in accordance with the Certificate.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Special Mandatory Redemption Price means a redemption price equal to 100% of the outstanding aggregate principal amount of the Notes, plus accrued and unpaid interest thereon from the Issue Date to, but excluding, the Special Mandatory Redemption Date as calculated by the Company.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider specifying a Mandatory Tender Event and Purchase Date.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.