Reduction Event Date definition
Examples of Reduction Event Date in a sentence
The "Reduction Event Date" corresponding to the foregoing Reduction Event shall be five Business Days after the date the Borrower incurs such Recapture Indebtedness.
The "Reduction Event Date" corresponding to the foregoing Reduction Event shall be five Business Days after the Borrower receives the Net Proceeds from such event.
If a Guaranty Reduction Event would result in the Notes having an Uninsured Amount, a Repurchase Date will occur on the Business Day next preceding a Guaranty Reduction Event Date with respect to the Receivables listed on Schedule 1 to the Notice of Repurchase Date delivered by the Seller to the Issuer no later than 5 Business Days before such Repurchase Date.
The "Reduction Event Date" corresponding to the foregoing Reduction Event shall be five Business Days after the Borrower or any of its Subsidiaries receives Net Proceeds from such event.
The "Reduction Event Date" corresponding to the foregoing Reduction Event shall be five Business Days after the Borrower or its Subsidiaries receives Net Proceeds from such event.
Section 1 of the Note Purchase Agreement shall be amended by adding a new last sentence which reads as follows: On any Guaranty Reduction Event Date, the Maximum Authorized Amount will be automatically reduced by an amount equal to the Guaranty Reduction Amount specified in clause (i) of the definition thereof and the DFC Purchase Limit and the RCC Purchase Limit will be automatically reduced in accordance with their respective Purchase Percentages.
The "Reduction Event Date" corresponding to the foregoing Reduction Event shall be the earlier of (A) 5 days after the Borrower provides its financial statements for such fiscal quarter and (B) 35 days after the end of such fiscal quarter.