Margin Reduction definition

Margin Reduction means the amount by which any JDI Affiliate’s annual Gross Profit, in relation to any Trade Marks or Products (or replacements therefor) sold by any Unilever Affiliate, would be less under a Replacement Agreement (after taking into account any royalty that is to be paid under such Replacement Agreement but subject to a cap of 6% of Net Proceeds of Sale), assuming that all other factors would be identical to the previous Fiscal Year, than its Gross Profit would have been under the terms of this agreement (in relation to the same Trade Marks or Products (or replacements therefor)), and shall be zero if the JDI Affiliate’s annual Gross Profit would be the same or would increase.
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Margin Reduction. Means the amount by which any JD Affiliate’s annual Gross Profit, in relation to any Product Trade Marks or Products (or replacements therefor) sold by Licensor, would be less under a Replacement Agreement (after taking into account any royalty that is to be paid under such Replacement Agreement but subject to a cap of 6% of Net Proceeds of Sale), assuming that all other factors would be identical to the previous Fiscal Year, than its Gross Profit would have been under the terms of this Agreement (in relation to the same Product Trade Marks or Products (or replacements therefor)), and shall be zero if the JD Affiliate’s annual Gross Profit would be the same or would increase.
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Margin Reduction a reduction in the otherwise applicable Applicable Margin equal to 0.25%, applicable if, at the end of any Fiscal Quarter ending on or after March 31, 2010, (i) average Domestic Availability for each day during such Fiscal Quarter was greater than $20,000,000 and (ii) the Fixed Charge Coverage Ratio shall be at least 1.0 to 1.0; provided that such reduction shall be effective on the first day of the calendar month following receipt by Agent of certification by Borrower Agent of the average Domestic Availability during such Fiscal Quarter.”
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Examples of Margin Reduction in a sentence

  • It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount applicable under either clause (i), (ii), (iii) or (iv), if any, contained in this definition shall be applicable.

  • The JD Affiliate shall supply to the relevant Unilever Affiliate, on or before the date 60 days after it enters into any Replacement Agreement, a certificate in writing from its auditors certifying the relevant Margin Reduction and the Clawback Amount due.

  • It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount available pursuant to any of clauses (i), (ii), (iii) or (iv) if any, contained in this definition shall be applicable.

  • The available Borrowing Base (as redetermined pursuant to adjustments in the Loan Value from time to time pursuant to Article III of the Loan Agreement) calculated on each semi-annual Redetermi nation Date shall be reduced by the Fixed Rate Margin Reduction as determined by the Majority Banks effective as of each semi-annual Redetermination Date.

  • It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount available pursuant to either clause (i) or (ii), if any, contained in this definition shall be applicable.

  • Sustained Margin Reduction is when low wholesale market prices or the inabllity to contain or reduce costs, results in NYPA’s inability to maintain a strong financial position in order to fund new revenue opportunities and support current initiatives.

  • It is understood and agreed that the Margin Reduction Discount as provided above shall in no event be cumulative and only the Margin Reduction Discount available pursuant to either clause (i), (ii) or (iii), if any, contained in this definition shall be applicable.

  • NYPA Enterprise Risk Assessment Frequency Quality Enterprise Residual Risks Five of the risks from 2020-2021 remain the same, namely, Sustained Margin Reduction; Workforce Health and Safety; Cyber Security; Customer Energy Choices and Regulatory and Legislative Environment.

  • The Agent shall notify the Borrowers of the Fixed Rate Margin Reduction concurrent with the notification thereby of the redeternined Loan Value.

  • The sentence containing the trial request identified the requesting party as “the Defendant, Simon Larson,” instead of Kenneth Scott.1 The caption and other information on the form correctly identified the case and the parties.


More Definitions of Margin Reduction

Margin Reduction means the sum of the Clearing Organizations’ Stand-Alone Margin Requirements minus the Cross-Margin Requirement.
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Margin Reduction means (i) effective April 1, 1998, only if the Consolidated Earnings Conditions are fully satisfied, one half of one percent (0.50%) per annum, and (ii) effective on the first day of the calendar month occurring after the date on which the Agent has received satisfactory evidence that the Fixed Charge Coverage Ratio Conditions have been satisfied and only for so long as the Fixed Charge Coverage Ratio Conditions continue to be satisfied, one-half of one percent (0.50%) per annum.
Sample 1

Related to Margin Reduction

  • Aggregate Reduction has the meaning specified in Section 1.3.

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

  • 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.

  • Commitment Reduction Notice has the meaning given that term in Section 2.13.

  • 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.

  • 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.

  • Prepayment Assumption As defined in the Prospectus Supplement.

  • 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.

  • Increase Amount is defined in Section 2.3(a).

  • Prepayment means, with respect to any Receivable, any prepayment, whether in part or in full, in respect of such Receivable.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.

  • Prepayment Asset Sale means any Disposition by the Borrower or its Restricted Subsidiaries made pursuant to Section 6.07(h).

  • Reduction Event means any of the following:

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • 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.

  • Competitive Bid Reduction has the meaning specified in Section 2.01.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Permitted Amount means, on any date, an amount equal to 3.5 times Adjusted EBITDA as of the most recent fiscal quarter for which financial statements of the Company are internally available immediately preceding such date.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Mandatory Prepayment shall have the meaning set forth in Section 2.1(c).

  • 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.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.