Examples of Scheduled Reduction in a sentence
At any time prior to the Scheduled Reduction Date, to the extent that (i) the Principal Obligations equal or exceed the Commitments under the Primary Tranche and (ii) the aggregate Principal Obligations do not exceed the Available Commitment and subject to the other terms and conditions set forth herein, any Loan requested by a Borrower in accordance with Section 2.3(a) shall be funded as a Temporary Increase Loan.
As a result of such exclusive participation in the Temporary Increase Tranche, the Principal Obligations may from time to time prior to the Scheduled Reduction Date be allocated amongst the Lenders in proportions other than their pro rata share of the aggregate Commitments.
The unpaid principal amount of the Obligations with respect to Temporary Increase Loans that are outstanding on the Scheduled Reduction Date, together with all accrued but unpaid interest thereon, shall be due and payable on the Scheduled Reduction Date and the Maximum Commitment shall automatically decrease by the aggregate amount of the Temporary Increase Commitments without any further action by any party hereto.
Notwithstanding the foregoing, the Lenders may at their discretion and by unanimous consent redetermine the Borrowing Base and the Scheduled Reduction Amount at any time and from time to time.
In the event any Scheduled Reduction or Voluntary Reduction reduces the Maximum Permitted Balance to less than the sum of the Funded Outstandings, the Borrowers shall immediately cause the Funded Outstandings to be reduced by such amount as may be necessary to cause the Funded Outstandings to be equal to or less than the Maximum Permitted Balance.
Scheduled Reduction of DonanemabParticipants randomized to donanemab whose amyloid plaque reduction as measured by florbetapir F18 PET scans at Visit 8 (Week 24) or Visit 15 (Week 52) meets criteria will stop donanemab infusions but continue all other assessments for the remaining duration of the open- label period and short-term follow-up period.
No Voluntary Permanent Reduction or Mandatory Commitment Reductions shall relieve or otherwise defer the making of each Scheduled Reduction on each Reduction Date.
On the Scheduled Reduction Date, each Bank shall surrender to Agent its Revolving Loan Notes for replacement and Borrower, at its own expense, shall execute and deliver to Agent in exchange for the surrendered Revolving Loan Notes, a new Revolving Loan Note to the order of each Bank in the amount of such Bank's Commitment after the Scheduled Reduction Date, dated the Scheduled Reduction Date and otherwise in the form of the Revolving Loan Note replaced thereby.
Any such reduction in the Revolving Committed Amount shall be applied to, and serve to reduce, the Regularly Scheduled Reduction Amounts which would otherwise be required under Section 2.7(b)(ii) hereof pro rata as to such amounts.
In the event that Xxxxxx does not meet all of the foregoing conditions set forth in clauses (i) through (v) of the immediately preceding sentence at the beginning of the fourth (4) Rent Year, then the First Scheduled Reduction Date shall be deferred until such date as Tenant has met such conditions.