{"component": "clause", "props": {"groups": [{"size": 14, "samples": [{"hash": "bX4eluWGihV", "uri": "/contracts/bX4eluWGihV#decrease", "label": "Elementary and Secondary School Emergency Relief (Esser Ii) Agreement", "score": 31.5125072088, "published": true}, {"hash": "3MQFh8DjtL1", "uri": "/contracts/3MQFh8DjtL1#decrease", "label": "Elementary and Secondary School Emergency Relief (Esser Ii) Agreement", "score": 30.8310829176, "published": true}, {"hash": "jOETlxREgpA", "uri": "/contracts/jOETlxREgpA#decrease", "label": "Elementary and Secondary School Emergency Relief (Esser Ii) Agreement", "score": 30.8226905786, "published": true}], "snippet": "The Commonwealth reserves the right, at its sole discretion, to reduce the total cost of this Agreement when the Federal or State funds appropriated by the U.S. Congress and/or State Legislature are less than anticipated by the Commonwealth after Execution of this Agreement hereunder\u037e or the funds appropriated are later unavailable due to a reduction or reservation in the appropriation. Such decreases will be made in accordance with paragraph 5 (\u201cFunding Adjustments\u201d).", "snippet_links": [{"key": "the-commonwealth", "type": "clause", "offset": [0, 16]}, {"key": "the-right", "type": "clause", "offset": [26, 35]}, {"key": "sole-discretion", "type": "clause", "offset": [44, 59]}, {"key": "cost-of", "type": "definition", "offset": [81, 88]}, {"key": "funds-appropriated", "type": "clause", "offset": [130, 148]}, {"key": "the-us", "type": "clause", "offset": [152, 159]}, {"key": "state-legislature", "type": "definition", "offset": [177, 194]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [247, 274]}, {"key": "the-funds", "type": "clause", "offset": [289, 298]}, {"key": "in-accordance-with", "type": "definition", "offset": [418, 436]}, {"key": "paragraph-5", "type": "clause", "offset": [437, 448]}, {"key": "funding-adjustments", "type": "clause", "offset": [451, 470]}], "hash": "12e3ec2b3fdf0d2b2203288240683a1c", "id": 1}, {"size": 6, "samples": [{"hash": "8OlLM6ClvZ6", "uri": "/contracts/8OlLM6ClvZ6#decrease", "label": "Limited Liability Company Agreement (Student Loan Funding LLC)", "score": 18.0, "published": true}, {"hash": "4rOAsaZZYKb", "uri": "/contracts/4rOAsaZZYKb#decrease", "label": "Limited Liability Company Agreement (Student Loan Funding LLC)", "score": 18.0, "published": true}], "snippet": "To each Member's Capital Account there shall be debited the amount of cash and the fair market value of any Company property distributed to such Member pursuant to any provision of this Agreement, such Member's distributive share of losses, and any other items in the nature of expenses or losses that are specially allocated pursuant to Article VII hereof.", "snippet_links": [{"key": "each-member", "type": "definition", "offset": [3, 14]}, {"key": "capital-account", "type": "clause", "offset": [17, 32]}, {"key": "the-fair-market-value", "type": "clause", "offset": [79, 100]}, {"key": "company-property", "type": 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of Travel Time Saved All 9,993,422 12,998,608 -3,005,186 Decrease", "snippet_links": [{"key": "hours-of", "type": "clause", "offset": [18, 26]}, {"key": "travel-time", "type": "clause", "offset": [27, 38]}], "hash": "d702ecaee7887ee4e7a4a28a2a9eb4d5", "id": 3}, {"size": 4, "samples": [{"hash": "59EbiQdj9wj", "uri": "/contracts/59EbiQdj9wj#decrease", "label": "Pooling Agreement (Huntsman Ici Holdings LLC)", "score": 16.0, "published": true}, {"hash": "1A3ufzs5azf", "uri": "/contracts/1A3ufzs5azf#decrease", "label": "Pooling Agreement (Huntsman Ici Chemicals LLC)", "score": 16.0, "published": true}], "snippet": "During the Series 2000-1 Revolving Period, after the distribution described in subsection (a) above has been made, and the Series 2000-1 -------------- Subordinated Interest Amount shall have been reduced by the Series 2000-1 Subordinated Interest Reduction Amount, a distribution shall be made to the holder of the Series 2000-1 Subordinated Interest out of remaining funds on deposit in the Series 2000-1 Principal Concentration Subaccount in an amount equal to the lesser of (x) the Series 2000-1 Subordinated Interest Reduction Amount and (y) the amount of such remaining funds on deposit in the Series 2000-1 Principal Concentration Subaccount.", "snippet_links": [{"key": "series-2000", "type": "definition", "offset": [11, 22]}, {"key": "revolving-period", "type": "definition", "offset": [25, 41]}, {"key": "the-distribution", "type": "clause", "offset": [49, 65]}, {"key": "subordinated-interest-amount", "type": "definition", "offset": [152, 180]}, {"key": "interest-reduction-amount", "type": "definition", "offset": [239, 264]}, {"key": "a-distribution", "type": "clause", "offset": [266, 280]}, {"key": "the-holder", "type": "clause", "offset": [298, 308]}, {"key": "funds-on-deposit", "type": "clause", "offset": [369, 385]}, {"key": "equal-to", "type": "definition", "offset": [455, 463]}, {"key": "lesser-of", "type": "definition", "offset": [468, 477]}], "hash": "ad28e589c174f5e5ace6a0c20aa0cb86", "id": 4}, {"size": 2, "samples": [{"hash": "dIENlq1fku7", "uri": "/contracts/dIENlq1fku7#decrease", "label": "Single Outcome Agreement", "score": 19.0, "published": true}, {"hash": "Xa0sQIHyaX", "uri": "/contracts/Xa0sQIHyaX#decrease", "label": "Single Outcome Agreement", "score": 19.0, "published": true}], "snippet": "Cancer registrations (per 100,000) FSF Annual, ISD, NHS Scotland 503 (2000- 2004) Decrease Proportion of population registered with diabetes (per 100,000) FSF SCI-DC, NHS Scotland 4176.8 (2006) Decrease", "snippet_links": [{"key": "nhs-scotland", "type": "definition", "offset": [52, 64]}], "hash": "6112c8e3e69953bd6a4d151072f71c3f", "id": 5}, {"size": 2, "samples": [{"hash": "iEr1ZbFU85X", "uri": "/contracts/iEr1ZbFU85X#decrease", "label": "Purchase Agreement (Pentair Inc)", "score": 21.0, "published": true}, {"hash": "eTzMmGAIdvX", "uri": "/contracts/eTzMmGAIdvX#decrease", "label": "Purchase Agreement (Black & Decker Corp)", "score": 18.0, "published": true}], "snippet": "A decrease equal to the amount, if any, by which the Net Asset Value as reflected on the Estimated Closing Statement is less than the Agreed Base Equity. Buyer shall pay, or shall cause the Purchasers to pay, the Purchase Price payable pursuant to this Section 2.1 on the Closing Date by one or more wire transfers of immediately available funds to an account the Parent has designated, at least (2) business days prior to the Closing Date, in writing to Buyer.", "snippet_links": [{"key": "equal-to", "type": "definition", "offset": [11, 19]}, {"key": "net-asset-value", "type": "clause", "offset": [53, 68]}, {"key": "estimated-closing-statement", "type": "definition", "offset": [89, 116]}, {"key": "base-equity", "type": "clause", "offset": [141, 152]}, {"key": "buyer-shall", "type": "clause", "offset": [154, 165]}, {"key": "the-purchasers", "type": "clause", "offset": [186, 200]}, {"key": "to-pay", "type": "clause", "offset": [201, 207]}, {"key": "purchase-price-payable", "type": "clause", "offset": [213, 235]}, {"key": "pursuant-to", "type": "definition", "offset": [236, 247]}, {"key": "section-21", "type": "clause", "offset": [253, 264]}, {"key": "transfers-of", "type": "clause", "offset": [305, 317]}, {"key": "immediately-available-funds", "type": "clause", "offset": [318, 345]}, {"key": "the-parent", "type": "clause", "offset": [360, 370]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [414, 439]}, {"key": "in-writing", "type": "clause", "offset": [441, 451]}, {"key": "to-buyer", "type": "definition", "offset": [452, 460]}], "hash": "c461cfe208af3a9fb38ff0c4dcff5933", "id": 6}, {"size": 2, "samples": [{"hash": "jzQcjAHDbgx", "uri": "/contracts/jzQcjAHDbgx#decrease", "label": "Basestock Supply Agreement (Appleton Papers Inc/Wi)", "score": 16.0, "published": true}, {"hash": "10xlABVRxmA", "uri": "/contracts/10xlABVRxmA#decrease", "label": "Basestock Supply Agreement (Paperweight Development Corp)", "score": 16.0, "published": true}], "snippet": "If the RISI average transaction price for Northern Bleached Softwood Kraft Pulp (NBSK) delivered to the United States as published in the RISI World Pulp Monthly Report is less than $570 per metric tonne for the most recent previous calendar quarter, then the price of basestock set forth in Schedule 2 for the ensuing quarter will be decreased by 50% of the difference between $570 and the RISI average transaction price for the previous calendar quarter. . Example: The average price of NBSK for Q1 2003 is $540. A price reduction applied to basestock purchases in the second quarter would be equal to $15 per tonne ($13.64 per ton). If the average price of NBSK for Q2 2003 were to fall to $530, there would be an additional $5/tonne price decrease for the third quarter ($20/tonne total price increase as compared to Schedule 2 pricing).", "snippet_links": [{"key": "transaction-price", "type": "definition", "offset": [20, 37]}, {"key": "kraft-pulp", "type": "definition", "offset": [69, 79]}, {"key": "the-united-states", "type": "definition", "offset": [100, 117]}, {"key": "monthly-report", "type": "clause", "offset": [154, 168]}, {"key": "metric-tonne", "type": "definition", "offset": [191, 203]}, {"key": "most-recent", "type": "definition", "offset": [212, 223]}, {"key": "calendar-quarter", "type": "clause", "offset": [233, 249]}, {"key": "the-price", "type": "clause", "offset": [256, 265]}, {"key": "schedule-2", "type": "clause", "offset": [292, 302]}, {"key": "decreased-by", "type": "clause", "offset": [335, 347]}, {"key": "average-price", "type": "definition", "offset": [472, 485]}, {"key": "price-reduction", "type": "clause", "offset": [517, 532]}, {"key": "second-quarter", "type": "clause", "offset": [571, 585]}, {"key": "equal-to", "type": "definition", "offset": [595, 603]}, {"key": "an-additional", "type": "clause", "offset": [714, 727]}, {"key": "price-decrease", "type": "definition", "offset": [737, 751]}, {"key": "third-quarter", "type": "definition", "offset": [760, 773]}, {"key": "price-increase", "type": "definition", "offset": [791, 805]}], "hash": "1435e617e9d9a162ef330ef07991b12f", "id": 7}, {"size": 2, "samples": [{"hash": "4N1VXsWIhZ", "uri": "/contracts/4N1VXsWIhZ#decrease", "label": "Lease Agreement (Photowatt Technologies Inc.)", "score": 19.0, "published": true}, {"hash": "1iw2mf4jyuq", "uri": "/contracts/1iw2mf4jyuq#decrease", "label": "Lease Agreement (Photowatt Technologies Inc.)", "score": 19.0, "published": true}], "snippet": "If the Realty Taxes attributable to the Leased Premises are refunded to the Landlord as a result of any successful appeal or request for reconsideration or other change to the assessment or tax rate, the Landlord shall promptly pay such refund to the Tenant.", "snippet_links": [{"key": "realty-taxes", "type": "definition", "offset": [7, 19]}, {"key": "the-leased-premises", "type": "definition", "offset": [36, 55]}, {"key": "request-for-reconsideration", "type": "clause", "offset": [125, 152]}, {"key": "change-to", "type": "definition", "offset": [162, 171]}, {"key": "tax-rate", "type": "definition", "offset": [190, 198]}, {"key": "the-landlord-shall", "type": "clause", "offset": [200, 218]}, {"key": "the-tenant", "type": "clause", "offset": [247, 257]}], "hash": "82556c448ebfc9f1e634b289bcf93100", "id": 8}, {"size": 2, "samples": [{"hash": "ghbvR3NaCx8", "uri": "/contracts/ghbvR3NaCx8#decrease", "label": "Second Amended and Restated Series 2004 1 Supplement (Cendant Corp)", "score": 21.0, "published": true}, {"hash": "5wizHA1LEfg", "uri": "/contracts/5wizHA1LEfg#decrease", "label": "Amended and Restated Series 2004 1 Supplement (Cendant Corp)", "score": 21.0, "published": true}], "snippet": "Once reduced, the Class A-2 Purchaser Invested Amounts may not be subsequently increased.", "snippet_links": [{"key": "the-class", "type": "clause", "offset": [14, 23]}, {"key": "invested-amounts", "type": "definition", "offset": [38, 54]}], "hash": "0a8780d13e182f7cebef0310374e3f2b", "id": 9}, {"size": 2, "samples": [{"hash": "klotuBnPWgL", "uri": "/contracts/klotuBnPWgL#decrease", "label": "Variable Whole Life Policy (Northwestern Mutual Variable Life Account)", "score": 16.0, "published": true}, {"hash": "djCtFAQHpQZ", "uri": "/contracts/djCtFAQHpQZ#decrease", "label": "Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)", "score": 16.0, "published": true}], "snippet": "The Owner may, on a single occasion, decrease the amount of Additional Protection. The decrease will take effect on the policy anniversary following the receipt at the Home Office of the Owner's written request. No further increases in the amount of Additional Protection will be made.", "snippet_links": [{"key": "additional-protection", "type": "clause", "offset": [60, 81]}, {"key": "policy-anniversary", "type": "definition", "offset": [120, 138]}, {"key": "following-the", "type": "definition", "offset": [139, 152]}, {"key": "of-the-owner", "type": "clause", "offset": [180, 192]}, {"key": "written-request", "type": "definition", "offset": [195, 210]}, {"key": "no-further-increases", "type": "clause", "offset": [212, 232]}], "hash": "c4afc901be24f2d56bfdd3ecdb7d92cf", "id": 10}], "next_curs": "ClESS2oVc35sYXdpbnNpZGVyY29udHJhY3Rzci0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhFkZWNyZWFzZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 57, "title": "Decrease", "parents": [["funding-level", "FUNDING LEVEL"], ["capital-accounts", "Capital Accounts"], ["maintenance-of-capital-accounts", "Maintenance of Capital Accounts"], ["purchase-price-and-payment", "Purchase Price and Payment"], ["purchase-price-payment", "PURCHASE PRICE; PAYMENT"]], "children": [], "id": "decrease", "related": [["decreases", "Decreases", "<strong>Decreases</strong>"], ["increase", "Increase", "Increase"], ["increases", "Increases", "Increases"], ["maximum-percentage", "Maximum Percentage", "Maximum Percentage"], ["proportional-adjustment", "Proportional Adjustment", "Proportional Adjustment"]], "related_snippets": [], "updated": "2025-07-07T12:35:11+00:00", "also_ask": ["What are the essential elements to include in a 'Decrease' clause to ensure clarity and enforceability?", "How can parties strategically negotiate the scope and triggers of a 'Decrease' provision?", "What are the most common legal pitfalls or ambiguities in 'Decrease' clauses that could undermine their effectiveness?", "How do courts typically interpret and enforce 'Decrease' clauses in similar contracts?", "How does the 'Decrease' clause compare to alternative adjustment mechanisms in terms of risk allocation and flexibility?"], "drafting_tip": "Specify the conditions triggering a decrease to prevent disputes; define calculation methods to ensure transparency; set notification requirements to allow timely adjustments.", "explanation": "The \"Decrease\" clause allows for the reduction of a specified amount, obligation, or value under a contract. In practice, this clause may be used to lower payment amounts, reduce quantities of goods or services to be delivered, or adjust other contractual commitments downward based on certain conditions or mutual agreement. Its core function is to provide flexibility for parties to adapt the contract to changing circumstances, ensuring that obligations remain fair and appropriate as situations evolve."}, "json": true, "cursor": ""}}