Reduction Discount definition

Reduction Discount means initially zero and from and after the first day of any Margin Reduction Period (the "Start Date") to and including the last day of such Margin Reduction Period (the "End Date"), the Reduction Discount shall be the respective percentage per annum set forth in clause (A), (B) or (C) below if, but only if, as of the last day of the most recent fiscal quarter of Parent ended immediately prior to such Start Date (the "Test Date") the conditions in clause (A), (B) or (C) below are met:
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Reduction Discount means initially zero and from and after the first day of each fiscal quarter, commencing with the first fiscal quarter ending after the Initial Adjustment Date, immediately following the date of delivery by the Borrowers to the Agent of the financial statements with respect to the immediately preceding fiscal quarter (a "Test Period") of the Borrowers and their respective subsidiaries (the "Financials") as required under Section 6.05(b)(i) of this Agreement, together with calculations in form and substance reasonably satisfactory to the Agent supporting the calculation of the Leverage Ratio as at the end of such fiscal quarter and a written certification from the Financial Officer of Jitney Jungle to such effect, the Reduction Discount shall be as specified in clauses (i) through (v) below, when, and for so long as, the Leverage Ratio set forth in such clause has been satisfied as at the end of the then Test Period:
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Reduction Discount appearing in Section 10.01 of the 364-Day Credit Agreement is hereby amended by inserting the words "and Base Rate Loans" immediately following the words "Eurodollar Loans" appearing in clauses (A)(x), (B)(x) and (C)(x) therein.
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Examples of Reduction Discount 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.

  • 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.

  • Transfer Price Reduction Discount.............................................................

  • 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.

  • Page 8 Section 2.2. Transfer Price Reduction Discount...................

  • 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.


More Definitions of Reduction Discount

Reduction Discount means initially zero, provided that during any Applicable Period the Reduction Discount shall be the respective percentage per annum with respect to Tranche A Term Loans, Revolving Loans, Tranche B Term Loans and Commitment Fees, respectively, as set forth below, but only if, as of the Test Date with respect to such Applicable Period, the Leverage Ratio for such percentage below is met:
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Reduction Discount. Start Date" and "Test Date" appearing therein in their entirety and (y) inserting the following new definitions in the appropriate alphabetical order:
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Reduction Discount means initially zero, provided that during any Applicable Period the Reduction Discount shall be the respective percentage per annum set forth in clause (A), (B) or (C) below if, but only if, as of the Test Date with respect to such Applicable Period the condition set forth in clause (A), (B) or (C) below is met (and to the extent that no such condition is satisfied the Reduction Discount shall be zero):
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Reduction Discount appearing in Section 11.01 of the 5-Year Credit Agreement is hereby deleted in its entirety and the following new definition of "Reduction Discount" is inserted in lieu thereof:
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Related to Reduction Discount

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Applicable Discount has the meaning set forth in Section 2.05(a)(v)(C)(2).

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit N.

  • Acceptable Discount has the meaning set forth in Section 2.05(a)(v)(D)(2).

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Submitted Discount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • BA Discount Proceeds means in respect of any Bankers' Acceptance being purchased by a Canadian Lender on any day under Section 2.3, an amount (rounded to the nearest whole Canadian cent, and with one-half of one Canadian cent being rounded up) calculated on such day by multiplying:

  • 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.

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Discounted Voluntary Prepayment has the meaning specified in Section 2.05(d)(i).

  • Offered Discount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.

  • Discount has the meaning set forth in Section 6.06.

  • Non-Discount Mortgage Loan Any Mortgage Loan with an Adjusted Net Mortgage Rate that is greater than or equal to the Required Coupon.