Required Reduction definition

Required Reduction means (a) the sum of (i) eighty percent (80%) of the amount by which the Borrower's ineligible receivables is less than $1,380,000.00, plus (ii) sixty-five percent (65%) of the amount by which the Value of Borrower's ineligible inventory is less than $1,337,000.00, less (b) $100,000.00.
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Required Reduction shall have the meaning set forth in Section 4(a).
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Required Reduction means a reduction in Consumption of:
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Examples of Required Reduction in a sentence

  • Year Required Reduction over Baseline 2010 50% 2010 60% 2015 70% 2020 80% 2025 90% 2030 100% In June 2015, Architecture 2030 endorsed a prescriptive path developed by New Building Institute named the Advanced Buildings® New Construction Guide.


More Definitions of Required Reduction

Required Reduction shall have the meaning set forth in Section 3.2(g). Reserve Percentage shall have the meaning set forth within the definition of LIBOR Rate.
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Required Reduction has the meaning specified in Section 2.09(c).
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Required Reduction means the sum of (i) fifty percent (50%) of the proceeds of Borrower's pre- petition date accounts receivable that are ninety days or more past invoice date as of April 10, 1998, plus (ii) sixty-five percent (65%) of the amount by which the Value of Borrower's ineligible inventory is less than $1,000,000.00. Notwithstanding anything in the Loan Agreement, fifty percent (50%) of the proceeds of the collection of pre-petition date accounts receivable that are ninety days or more past invoice date as of April 10, 1998 shall be applied to the reduction of the Permitted Out-of-Formula Advance at the Bank's discretion.
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Required Reduction shall have the meaning set forth in Section 3.2(g). Reserve Percentage shall have the meaning set forth within the definition of LIBOR Rate. Security Documents shall mean, collectively, the Pledge Agreement and the related UCC-1 Financing Statements.
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Related to Required Reduction

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Required Reserves at any time means the sum of (a) the Yield Reserve, plus (b) the Servicing Fee Reserve, plus (c) the greater of (i) the sum of the Loss Reserve Ratio and the Dilution Reserve Percentage and (ii) the Minimum Percentage, each as in effect at such time, multiplied by the Net Pool Balance on such date.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.