Reduction Period definition

Reduction Period means a period of time, i.e. specific calendar days and/or hours, within the Product Period in which Cross Zonal Capacities with a reduced amount of MW are offered taking into account a foreseen specific network situation (e.g. planned maintenance, long-term outages);

Reduction Period means the period commencing on the Amendment Effective Date through and including the earliest of (A) December 31, 2020, (B) the date on which the Compensation Committee approves the ending of the Reduction Period, and (C) the date on which the then-current non-executive employees of the Company who were employed by the Company as of March 15, 2020 and whose base salaries were reduced as a result of the COVID-19 pandemic have had their respective annual base salaries returned to at or above their respective annual base salary amounts as of March 15, 2020. Such reduced amounts shall continue to be payable in accordance with Company’s usual practices. Except as explicitly contemplated by this Section 3(g)(i), Employee’s annual base salary rate shall not be subject to decrease at any time during the Employment Period. Employee shall not be entitled to any back-pay or makeup pay as a result of the salary reduction under this Section 3(g)(i) after the end of the Reduction Period.

Reduction Period means, as set forth in Section 2.1.7 below, that twelve (12) month period during which all existing Qualified Projects entered into the Borrowing Base as of the Initial Line Maturity Date shall remain in the Borrowing Base and during which Lender’s obligation to include any new Qualified Projects into the Borrowing Base shall terminate.

Examples of Reduction Period in a sentence

• In this case, the Auction Specification shall include for each Reduction Period information on the duration of the Reduction Period and the amount of Offered Capacities.

• The same applies for where the Offered Capacity announced in the provisional Auction Specification for the subsequent long term Auction contains a Reduction Period.

• The Allocation Platform shall publish on its website clarifications and examples concerning the calculation of the quantity of Long Term Transmission Rights to be allocated to individual Registered Participants in the Reduction Period.

• The Exercise Price shall be adjusted upon the expiration of the Company Reduction Period to the Exercise Price that otherwise would then be in effect if the Company Reduction had not occurred.

• Notwithstanding anything to the contrary in this Section 4(l), the Alternative Exercise Price shall at no time be greater than the Exercise Price that otherwise would be in effect during such Company Reduction Period if such Company Reduction had not occurred.

More Definitions of Reduction Period

Reduction Period has the meaning ascribed to it in Clause 7.8(a).

Reduction Period has the meaning given to it in Section 1.1(a).

Reduction Period means Planned Outage Period.

Reduction Period means a period of five (5) consecutive Plan Years, the first period beginning January 1,1986 and ending on December 31, 1990.

Reduction Period means the period starting on 30th September, 2001 and ending on the Termination Date;

Reduction Period means any fiscal quarter if the Total Leverage Ratio on the last day of the immediately preceding fiscal quarter was less than 2.75 to 1.00 but only to the extent that the Term Borrower shall have delivered to the Administrative Agent within 45 days after such last day a certificate of a Financial Officer of the Term Borrower setting forth computations in reasonable detail satisfactory to the Administrative Agent showing that the Total Leverage Ratio was less than 2.75 to 1.00 on such last day.

Reduction Period has the meaning set forth in Appendix G.