Seasonal Decrease Period definition

Seasonal Decrease Period means the period beginning on October 1 of each calendar year and continuing through March 31 of the immediately succeeding calendar year.
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Seasonal Decrease Period means the period from July 16 through January 15 of each calendar year, provided that, the Company may elect, in its sole discretion, to not reduce the Aggregate Commitments during the entire Seasonal Decrease Period of such fiscal year to the Seasonal Decrease Amount by giving the Administrative Agent a written notice, in form and substance reasonably satisfactory to the Administrative Agent, of such election not later than the tenth (10th) Business Day preceding the scheduled beginning of such Seasonal Decrease Period.
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Examples of Seasonal Decrease Period in a sentence

  • The Aggregate (USD/MC) Commitments shall be automatically increased, on a pro rata basis among the Lenders, by $100,000,000 as of the first day of each Seasonal Increase Period following a Seasonal Decrease Period for which a Seasonal Commitment Notice was not provided.

Related to Seasonal Decrease Period

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Activation Date means the date on which the Service and User Account (hereinafter defined) are activated for the Customer by TM as more particularly described in Clause 3.2 hereunder.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Deactivation Date means the date a generating unit within the PJM Region is either retired or mothballed and ceases to operate.

  • Increased Facility Activation Notice means a notice substantially in the form of Exhibit B-1.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • 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;

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Service Activation Date means the same as Activation Date.

  • Subsequent Rate Period means, with respect to any Series of RVMTP Shares, the period consisting of seven calendar days, but adjusted in each case to reflect any changes when the regular calendar day that is a Rate Determination Date is not a Business Day, from, and including, the first calendar day following the Initial Rate Period of such Series to, and including, the next Rate Determination Date for such Series and any period thereafter from, and including, the first calendar day following a Rate Determination Date for shares of such Series to, and including, the next succeeding Rate Determination Date for shares of such Series.

  • Increase Amount is defined in Section 2.3(a).

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).