Reduction Notice definition

Reduction Notice has the meaning set forth in Section 1.3.

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Reduction Notice shall have the meaning assigned to such term in Section 2.8 hereof.

Reduction Notice means a letter in substantially the form of Exhibit B hereto delivered by the Borrower to the Administrative Agent and the Lenders pursuant to Section 2.02(d).

Examples of Reduction Notice in a sentence

• In the case of either clause (A) or (B) with respect to any Provider Reduction Response, Recipient may withdraw its Reduction Notice by delivering a withdrawal notice within five (5) Business Days following the receipt of such Provider Reduction Response from Provider.

• Recipient may request a reduction of any Service by providing no less than sixty (60) days’ advance written notice to Provider (“Reduction Notice”) at any time and, in such case, the applicable Service shall be accordingly reduced on the date specified in the Reduction Notice (or such other date mutually agreed upon in writing by Recipient and Provider) and Schedule 1 shall be deemed amended to reflect such reduction as of the date specified in the Reduction Notice.

• If Recipient does not withdraw the Reduction Notice within such period, such Reduction Notice will be final, binding and irrevocable, Provider may accordingly reduce any Services set forth in the Reduction Notice and Recipient shall reimburse Provider for any and all costs associated with such reduction of Services.

• Such Reduction Notice shall designate (i) the date (the “Proposed Reduction Date”) upon which any such reduction of the Invested Amount shall occur (which date shall give effect to the applicable Required Notice Period) and (ii) the amount of the Invested Amount to be reduced (the “Aggregate Reduction”).

More Definitions of Reduction Notice

Reduction Notice. As defined in Section 1.3.

Reduction Notice has the meaning set forth in Section 2.08(c) hereof.

Reduction Notice has the meaning given in clause 10.1. Reference Tariff has the meaning given in the Access Undertaking. Reference Tariff Provisions means:

Reduction Notice shall have the meaning assigned to such term in Section 3.8(a) hereof.

Reduction Notice means a notice for a request for the reduction in the Total Commitment Amount pursuant to Section 3.2 in the form of Exhibit D hereto.

Reduction Notice shall have the meaning assigned to it in Section 2.03(g) of the Purchase Agreement.

Reduction Notice has the meaning set forth in Section 1.3. ---------------- -----------