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 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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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.

  • For more information about the Hazard Reduction Discount, please call 888.933.9876 or contact your home insurance company.

  • Once the brace-and- bolt retrofit is complete and verified, the policyholder will qualify for CEA’s new20 percent Hazard Reduction Discount on their earthquake premium.Based on a sound financial principle, CEA has determined that retrofitting sufficient numbers of older houses in California’s higher-seismic-risk areas can reduce on a long- term basis CEA’s need for, and therefore its cost of, risk-transfer.

  • 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.

  • Authorize Fare Reduction, Discount Pass Extension and Vehicle Donation for Big Sur Area.

  • Additionally, costs associated with the installation of equipment to reduce nutrient discharges are eligible for the 0% Nutrient Reduction Discount (NRD) interest rate, which will reduce Piqua’s actual WPCLF interest rate even further.

  • 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.

  • CEA took the initiative in 2015 to bring the FEMA P-50 tool and related training to California home inspectors for these reasons:• To help homeowners interested in retrofits learn associated risks and vulnerabilities.• To provide home buyers information at time of sale regarding potential seismic risks in light of structure vulnerabilities.• To provide additional inspection resources in support of CEA’s Hazard Reduction Discount program.


More Definitions of Reduction Discount

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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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. 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 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).

  • Resale Discount means the applicable discount off retail rates applied to AT&T-21STATE Telecommunications Services resold by CLEC to its End Users. Any change to the rates, terms and conditions of any applicable retail Tariff is automatically incorporated herein and is effective hereunder on the date any such change is effective.

  • 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, an amount calculated on the applicable Drawdown Date which is (rounded to the nearest full cent, with one-half of one cent being rounded up) equal to the face amount of such Bankers' Acceptance multiplied by the price, where the price is calculated by dividing one by the sum of one plus the product of (i) the BA Discount Rate applicable thereto expressed as a decimal fraction multiplied by (ii) a fraction, the numerator of which is the term of such Bankers' Acceptance and the denominator of which is 365, which calculated price will be rounded to the nearest multiple of 0.001%.

  • 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.