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.
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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.
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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.
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Examples of Mandatory Reduction in a sentence

  • No Event of Default, Default or any prepayment event pursuant to Clause 10 (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.

  • By the second Business Day after the date of such notification, the Seller shall pay the Mandatory Reduction Amount to the Administrative Agent.

  • 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.

  • 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.

  • The Seller shall indemnify any Purchaser for all losses, expenses and liabilities, if any (including, without limitation, any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds required by such Purchaser in connection with such Purchaser's funding or maintenance of the Receivable Interests), which such Purchaser may sustain as a result of any Mandatory Reduction.

  • In addition, if on any Business Day the Seller knows such day to be a Mandatory Reduction Day, it shall promptly notify the Purchasers and the Collection Agent and shall specify the Mandatory Reduction Amount.

  • Mandatory Reduction and Termination of Commitments............................................

  • On any day on which a Mandatory Reduction Amount is due and payable, the Seller shall not be obligated to pay to any Purchaser any breakage costs in connection with the payment of such Mandatory Reduction Amount, even if paid on a date other than a Settlement Date.

  • Termination and Optional and Mandatory Reduction of Revolving Credit Commitment.....................


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 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 1
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

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.

  • 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 provided in Section 3.02(a).

  • 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 has the meaning set forth in Section 4.03(a).

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and 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.

  • Grandfathered Amounts means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement.