Additional Reductions Sample Clauses

Additional Reductions. In the event it is later determined that a greater reduction in the Total Payments should have been made to implement the objective and intent of this Section 17, the excess amount shall be returned promptly by Executive to the Company. [The remainder of this page is intentionally left blank.]
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Additional Reductions. The Swing Line Commitment and the commitment under the LC Subfacility shall each be reduced from time to time on the date of any voluntary reduction of the Revolver Commitment by the amount, if any, by which each such Subfacility exceeds the Revolver Commitment after giving effect to such reduction of the Revolver Commitment.
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Additional Reductions. The commitment under the LC Subfacility shall be reduced from time to time on the date of any mandatory or voluntary reduction of the Commitment by the amount, if any, by which such LC Subfacility exceeds the Commitment after giving effect to such reduction of the Commitment.
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Additional Reductions. If, after having complied with the provisions set forth in Section 18.5.1, the District determines that the employment contract(s) of non- probationary Teachers within any endorsement area or areas must be cancelled, non-probationary Teachers who have ineffective evaluation ratings in their last full evaluation within such endorsement area or areas shall have their employment contracts cancelled, followed by non-probationary Teachers who have effective evaluation ratings in their last full evaluation. All non-probationary Teachers who have employment contracts cancelled in these two groups shall have the employment contracts cancelled in reverse seniority order with the least senior Teachers being reduced first.
Sample 1
Additional Reductions. Immediately upon the removal or release of any Permitted Cash Collateral or other items from the Cash Collateral Accounts (other than removal or release pursuant to a sale of Permitted Cash Collateral or a disposition of any such other items, the proceeds of which are (i) used to purchase additional Permitted Cash Collateral or (ii) maintained in a Cash Collateral Account) the effect of which such removal or release is to cause (A) the product of (1) the Revolving Committed Amount at such time multipled by (2) 1.20 to exceed (B) the aggregate fair market value of the remaining amount of Permitted Cash Collateral in the Cash Collateral Accounts, the Revolving Committed Amount shall be permanently reduced by the amount of such excess and the Borrower shall prepay the Loans and cash collateralize the LOC Obligations to the extent required by Section 2.5(b)(i) after giving effect to such reduction. For purposes of this Section 2.4(c), (x) the fair market value of Permitted Cash Collateral (other than Permitted Cash Collateral comprised of cash and Cash Equivalents) shall be the value of such Permitted Cash Collateral as determined in accordance with GAAP and reflected in the financial statements delivered by the Credit Parties pursuant to Section 5.1 for the fiscal quarter most recently preceding the date of determination for which financial statements are available and (y) the fair market value of Permitted Cash Collateral comprised of cash and Cash Equivalents shall be the fair market value of such Permitted Cash Collateral at the time of determination.
Sample 1
Additional Reductions. In addition to the reductions --------------------- described above, within two (2) Business Days after the receipt by any Borrower of any Net Cash Proceeds of Sale, such Borrower shall make a mandatory prepayment of the Loans for which it is primarily liable in an amount equal to such Net Cash Proceeds of Sale a calculation of which shall be set forth in an officers' certificate delivered by Emons on behalf of such Borrower to the Lender concurrently with such payment (each such payment, a "Net --- Proceeds Prepayment"). Further, upon the receipt of any Net Cash ------------------- Proceeds of Capital Stock Issuance, Emons, on behalf of the U.S. Borrowers, shall make a mandatory prepayment of the Loans for which the U.S. Borrowers are obligated hereunder, without premium or penalty except as provided in Section 2.8, in an amount equal ----------- to the outstanding principal amount of the B Term Loan at such times plus 50% of such net cash proceeds, if any, in excess of ---- $3,000,000, such to be set forth in an officers' certificate delivered by Emons on behalf of the Borrowers to the Lender concurrently with such payment and to be made as of the date of such officers' certificate (each such payment, a "Capital Stock ------------- Prepayment"). In addition, within one hundred and twenty (120) ---------- days after the end of each Cash Flow Period, the U.S. Borrowers and SLQ shall make a mandatory prepayment, without premium or penalty except as provided in Section 2.8, in an amount equal to ----------- 50% of any Excess Cash Flow for such Cash Flow Period (each such payment, an "Excess Cash Prepayment," which together with all ---------------------- other Excess Cash Prepayments, Net Proceeds Prepayments and Capital Stock Prepayments shall be referred to collectively as "Mandatory Prepayments"); provided, however, that, except after --------------------- the occurrence or during the continuance of an Event of Default SLQ shall not be required to make a Mandatory Prepayment which results in the repayment or greater than 25% of the Available Canadian Term Loan Amount prior to December 21, 2003. The U.S. Borrowers and SLQ shall give the Lender not less than three (3) Business Days' prior written notice of the date on which each such Mandatory Prepayment will be made (which date shall be no later than the date on which such Mandatory Prepayment becomes due and payable pursuant to this Section 2.6(b)) and, with -------------- respect to Excess Cash Prepaymen...
Sample 1
Additional Reductions. The Swing Line Commitment and the commitment under the LC Subfacility shall each be reduced from time to time on the date of any mandatory or voluntary reduction of the Revolver Commitment by the amount, if any, by which EITHER such Subfacility exceeds the Revolver Commitment after giving effect to such reduction of the Revolver Commitment. RATABLE ALLOCATION OF REVOLVER COMMITMENT REDUCTIONS. Each reduction of the Revolver Commitment under this SECTION 2.7 shall be allocated among the Revolver Lenders in accordance with their respective Commitment Percentages under the Revolver Facility.
Sample 1
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Related to Additional Reductions

  • Optional Reductions The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the Aggregate Revolving Commitments to an amount not less than the Outstanding Amount of Revolving Loans, Swing Line Loans and L/C Obligations; provided that (i) any such notice shall be received by the Administrative Agent not later than 12:00 noon five (5) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $2,000,000 or any whole multiple of $1,000,000 in excess thereof, and (iii) the Borrower shall not terminate or reduce (A) the Aggregate Revolving Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate Revolving Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, (C) the Swing Line Sublimit if, after giving effect thereto and to and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the Swing Line Sublimit and (D) the Alternative Currency Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Loans denominated in an Alternative Currency would exceed the Alternative Currency Sublimit.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Salary Increases During the period of employment as provided in Paragraph 1(b) hereof, the base salary of the Executive shall be reviewed no less frequently than annually by the Board or the Compensation Committee of the Board to determine whether or not the same should be increased in light of the duties and responsibilities of the Executive and the performance thereof, and if it is determined that an increase is merited, such increase shall be promptly put into effect and the base salary of the Executive as so increased shall constitute the base salary of the Executive for purposes of Paragraph 3(a).

  • Reduction A. No regular employee or limited-term regular employee shall be reduced to a position in a lower class for reasons of unsatisfactory performance or physical disability except for reasonable cause.

  • Reductions (a) If a Lender or a Participant is subject to an applicable withholding tax, Agent (or, in the case of a Participant, the Lender granting the participation) may withhold from any payment to such Lender or such Participant an amount equivalent to the applicable withholding tax. If the forms or other documentation required by Section 16.2(a) or 16.2(c) are not delivered to Agent (or, in the case of a Participant, to the Lender granting the participation), then Agent (or, in the case of a Participant, to the Lender granting the participation) may withhold from any payment to such Lender or such Participant not providing such forms or other documentation an amount equivalent to the applicable withholding tax.

  • Mandatory Reductions If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceed the Aggregate Revolving Commitments at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

  • Additional Benefits During the term of this Agreement, the Employee shall be entitled to the following fringe benefits:

  • Automatic Reduction Promptly following each date on which the Required Amount is reduced as a result of a reduction in the Pool Balance of the Class B Certificates or otherwise, the Maximum Commitment shall automatically be reduced to an amount equal to such reduced Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction of the Maximum Commitment.

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