Scheduled Commitment Reduction Date definition

Scheduled Commitment Reduction Date shall have the meaning provided in Section 3.03(c).

Scheduled Commitment Reduction Date means each date upon which any Scheduled Commitment Reduction is to occur.

Scheduled Commitment Reduction Date means the first Business Day of each January, April, July and October.

Examples of Scheduled Commitment Reduction Date in a sentence

• Accrued Commitment Commission shall be due and payable quarterly in arrears on each Scheduled Commitment Reduction Date and on the Maturity Date (or such earlier date upon which the Total Commitment is terminated).

• The Total Commitments shall be reduced and cancelled by an amount of $75,000,000 on each Scheduled Commitment Reduction Date, and shall be reduced to zero and cancelled on the Termination Date.

• In addition the Borrower may select an Interest Period of a period of less than 3 Months if such period ends on a Scheduled Commitment Reduction Date or the Termination Date or the last day of any Interest Period then subsisting for another Loan.

• On each Scheduled Commitment Reduction Date, the Commitments will be permanently reduced by the Commitment Reduction Amount applicable to such Scheduled Commitment Reduction Date.

• Any such reduction shall be in an aggregate amount of $1,000,000 or integral multiples thereof and shall be applied pro rata against the reductions required on each Scheduled Commitment Reduction Date.

More Definitions of Scheduled Commitment Reduction Date

Scheduled Commitment Reduction Date has the meaning specified in Section 2.08(c).

Scheduled Commitment Reduction Date means the day six months after the fifth anniversary of the date of the drawdown of the first Advance and each day every six (6) months thereafter until and including the Commitment Termination Date or, if any such day is not a Business Day, the next succeeding Business Day, provided that, if such succeeding Business Day would fall in the next following calendar month, the Scheduled Commitment Reduction Date shall be the immediately preceding Business Day.

Scheduled Commitment Reduction Date means each of December 1, 2003, June 1, 2004 and December 1, 2004.

Scheduled Commitment Reduction Date appearing in said Section in their entirety and (ii) inserting in appropriate alphabetical order the following new definitions:

Scheduled Commitment Reduction Date means each date on which the aggregate Commitments automatically reduce in accordance with Section 2.1.2.

Scheduled Commitment Reduction Date means the last day of each fiscal quarter commencing June 30, 2011.

Scheduled Commitment Reduction Date means July 31, 2012 and every six (6) Months thereafter prior to the Termination Date.