Reduction Factor definition

Reduction Factor means with respect to any given month, the smallest of:

Reduction Factor has the meaning given in the Access Undertaking.

Reduction Factor means the reduction factor determined in accordance with

Examples of Reduction Factor in a sentence

• The amount of the Early Commencement Reduction Factor shall be determined as follows: for each year (or partial year) that an Executive’s benefit hereunder is paid prior to his attainment of the Normal Retirement Age, then the benefit amount shall be reduced, on a pro rata basis, by a factor of five percent (5%).

• If Nominated Access Rights are intended to be relinquished or transferred under the Relinquishment Provisions or the Transfer Provisions which form part of this Agreement under clause 3, the Reduction Factor must be calculated in accordance with the Reduction Factor Provisions which form part of this Agreement under clause 3.

• We will automatically decrease the Lifetime Income Base to equal the lesser of: - the Lifetime Income Base immediately prior to the withdrawal minus the amount of the withdrawal; OR - the Lifetime Income Base immediately prior to the withdrawal multiplied by the Proportional Reduction Factor.

• The Firm Reduction Factor is equal to zero (TR.f = 0) when the Available Technical Capacity is equal to or higher than the sum of the Firm Capacity subscribed by the shippers.

• The Interruptible Reduction Factor is equal to zero (TR.i = 0) when the Available Technical Capacity is equal to or higher than the sum of the Firm and Interruptible Capacity subscribed by the Shippers.

More Definitions of Reduction Factor

Reduction Factor means for the purposes of Clause 3.3(d):

Reduction Factor. As used herein, the term "Reduction Factor" shall mean, at our election, (A) a fraction, the numerator of which shall be the number of Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total number of Selections embodied on that Phonograph Record or other device or (B) a fraction, the numerator of which shall be the playing time of the Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total playing time of the Phonograph Record or other device in question. For any Phonograph Record or other device for which a finite running or playing time does not exist, the running or playing time of that Phonograph Record or other device shall be deemed to be one hundred twenty (120) minutes; and

Reduction Factor means the lesser of (i) the quotient of the Common Unit Distribution Amount for such quarter divided by the Floor Distribution and (ii) one.

Reduction Factor means, at our election, (A) a fraction, the numerator of which shall be the number of Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total number of Selections embodied on that Phonograph Record or other device or (B) a fraction, the numerator of which shall be the playing time of the Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total playing time of the Phonograph Record or other device in question. For any Phonograph Record or other device for which a finite running or playing time does not exist, the running or playing time of that Phonograph Record or other device shall be deemed to be one hundred twenty (120) minutes; and

Reduction Factor means the reduction factor determined in accordance with clause 14.

Reduction Factor means the factor or percentage, as determined by the

Reduction Factor means the percentage obtained by dividing (i) the Net Worth Shortfall Amount by (ii) the Required Net Worth Amount.