{"component": "clause", "props": {"groups": [{"snippet": "Seller shall provide Agent with an irrevocable prior written notice (a \u201cReduction Notice\u201d) of any proposed reduction of the Aggregate Capital from Collections no later than three (3) Business Days prior to the proposed reduction date and Agent will promptly notify each Purchaser of such Reduction Notice after Agent\u2019s receipt thereof. Such Reduction Notice shall designate (i) the date (the \u201cProposed Reduction Date\u201d) upon which any such reduction of the Aggregate Capital shall occur (which date shall be a Settlement Date), and (ii) the amount of the Aggregate Capital to be reduced that shall be applied ratably to the aggregate Capital of the Conduits and the Financial Institutions in accordance with the amount of Capital (if any) owing to the Conduits (ratably to each Conduit, based on the ratio of such Conduit\u2019s Capital at such time to the aggregate Capital of all the Conduits at such time), on the one hand, and the amount of Capital (if any) owing to the Financial Institutions (ratably to each Financial Institution, based on the ratio of such Financial Institution\u2019s Capital at such time to the aggregate Capital of all of the Financial Institutions at such time), on the other hand (the \u201cAggregate Reduction\u201d), without regard to any unpaid RPA Deferred Purchase Price. Only one (1) Reduction Notice shall be outstanding at any time. Concurrently with any reduction of the Aggregate Capital pursuant to this Section, Seller shall pay to the applicable Purchaser all Broken Funding Costs arising as a result of such reduction. No Aggregate Reduction will be made following the occurrence of the Amortization Date without the prior written consent of Agent.", "samples": [{"hash": "jrfzcgC5ZWQ", "uri": "/contracts/jrfzcgC5ZWQ#decreases", "label": "Receivables Purchase Agreement (Patterson Companies, Inc.)", "score": 35.9267616272, "published": true}, {"hash": "gwTkVcBA7pD", "uri": "/contracts/gwTkVcBA7pD#decreases", "label": "Receivables Purchase Agreement (Patterson Companies, Inc.)", "score": 35.9267616272, "published": true}, {"hash": "aPHI5HTPbNl", "uri": "/contracts/aPHI5HTPbNl#decreases", "label": "Receivables Purchase Agreement (Patterson Companies, Inc.)", "score": 32.6878852844, "published": true}], "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "prior-written-notice", "type": "clause", "offset": [47, 67]}, {"key": "reduction-notice", "type": "definition", "offset": [72, 88]}, {"key": "reduction-of", "type": "clause", "offset": [107, 119]}, {"key": "aggregate-capital", "type": "clause", "offset": [124, 141]}, {"key": "from-collections", "type": "definition", "offset": [142, 158]}, {"key": "proposed-reduction-date", "type": "definition", "offset": [210, 233]}, {"key": "promptly-notify", "type": "definition", "offset": [249, 264]}, {"key": "each-purchaser", "type": "definition", "offset": [265, 279]}, {"key": "after-agent", "type": "definition", "offset": [305, 316]}, {"key": "settlement-date", "type": "definition", "offset": [509, 524]}, {"key": "the-financial-institutions", "type": "clause", "offset": [661, 687]}, {"key": "in-accordance-with", "type": "definition", "offset": [688, 706]}, {"key": "based-on", "type": "definition", "offset": [786, 794]}, {"key": "ratio-of", "type": "clause", "offset": [799, 807]}, {"key": "the-other-hand", "type": "clause", "offset": [1184, 1198]}, {"key": "aggregate-reduction", "type": "definition", "offset": [1205, 1224]}, {"key": "rpa-deferred-purchase-price", "type": "clause", "offset": [1257, 1284]}, {"key": "at-any-time", "type": "clause", "offset": [1337, 1348]}, {"key": "pursuant-to", "type": "clause", "offset": [1407, 1418]}, {"key": "pay-to", "type": "definition", "offset": [1446, 1452]}, {"key": "applicable-purchaser", "type": "clause", "offset": [1457, 1477]}, {"key": "broken-funding-costs", "type": "definition", "offset": [1482, 1502]}, {"key": "following-the", "type": "definition", "offset": [1578, 1591]}, {"key": "amortization-date", "type": "definition", "offset": [1610, 1627]}, {"key": "consent-of-agent", "type": "clause", "offset": [1654, 1670]}], "size": 67, "hash": "023ab1cd32914f7e08d6ddea90a8226f", "id": 1}, {"snippet": "The Licensee may decrease any of the Education and Care Service Fees at any time provided it has notified the School Council in writing of the intended decrease, including the effective date(s).", "samples": [{"hash": "66cRP0tJY7Z", "uri": "/contracts/66cRP0tJY7Z#decreases", "label": "Licence Agreement", "score": 34.5954933167, "published": true}, {"hash": "9gS9eJkqaFW", "uri": "/contracts/9gS9eJkqaFW#decreases", "label": "School Council Licence Agreement", "score": 34.1750602722, "published": true}, {"hash": "hddpivlFXma", "uri": "/contracts/hddpivlFXma#decreases", "label": "Licence Agreement", "score": 34.0367431641, "published": true}], "snippet_links": [{"key": "the-licensee-may", "type": "clause", "offset": [0, 16]}, {"key": "education-and-care-service-fees", "type": "clause", "offset": [37, 68]}, {"key": "at-any-time", "type": "clause", "offset": [69, 80]}, {"key": "school-council", "type": "clause", "offset": [110, 124]}, {"key": "in-writing", "type": "definition", "offset": [125, 135]}], "size": 19, "hash": "a675557c417e6c5767a05f6b134953a8", "id": 2}, {"snippet": "Seller shall provide each Managing Agent with prior written notice in the form set forth as Exhibit II-A hereto (a \u201cReduction Notice\u201d) of any reduction of Aggregate Capital from Collections in conformity with the Required Notice Period. Such Reduction Notice shall designate (i) the date (the \u201cProposed Reduction Date\u201d) upon which any such reduction of Aggregate Capital shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Capital to be reduced (the \u201cAggregate Reduction\u201d) which shall be applied ratably to reduce the Capital of each Purchaser Group and further applied by each Managing Agent to the Purchaser Interests of the Conduit Purchasers and the Committed Purchasers in the related Purchaser Group in such proportions as may be agreed by such Managing Agent and such Purchasers. Only one (1) Reduction Notice shall be outstanding at any time.", "samples": [{"hash": "9fqXtx7lvsi", "uri": "/contracts/9fqXtx7lvsi#decreases", "label": "Receivables Purchase Agreement (McKesson Corp)", "score": 25.0958251953, "published": true}, {"hash": "8pDPdXpNWum", "uri": "/contracts/8pDPdXpNWum#decreases", "label": "Receivables Purchase Agreement (McKesson Corp)", "score": 24.8877487183, "published": true}, {"hash": "aE1elEiXSHd", "uri": "/contracts/aE1elEiXSHd#decreases", "label": "Receivables Purchase Agreement (McKesson Corp)", "score": 24.0951404572, "published": true}], "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "managing-agent", "type": "definition", "offset": [26, 40]}, {"key": "prior-written-notice", "type": "clause", "offset": [46, 66]}, {"key": "exhibit-ii", "type": "clause", "offset": [92, 102]}, {"key": "reduction-notice", "type": "definition", "offset": [116, 132]}, {"key": "reduction-of", "type": "clause", "offset": [142, 154]}, {"key": "aggregate-capital", "type": "clause", "offset": [155, 172]}, {"key": "from-collections", "type": "definition", "offset": [173, 189]}, {"key": "conformity-with", "type": "clause", "offset": [193, 208]}, {"key": "required-notice-period", "type": "definition", "offset": [213, 235]}, {"key": "proposed-reduction-date", "type": "definition", "offset": [294, 317]}, {"key": "give-effect-to", "type": "definition", "offset": [401, 415]}, {"key": "the-applicable", "type": "clause", "offset": [416, 430]}, {"key": "aggregate-reduction", "type": "definition", "offset": [517, 536]}, {"key": "the-capital", "type": "clause", "offset": [580, 591]}, {"key": "each-purchaser", "type": "definition", "offset": [595, 609]}, {"key": "purchaser-interests", "type": "clause", "offset": [666, 685]}, {"key": "conduit-purchasers", "type": "definition", "offset": [693, 711]}, {"key": "committed-purchasers", "type": "definition", "offset": [720, 740]}, {"key": "related-purchaser-group", "type": "definition", "offset": [748, 771]}, {"key": "agreed-by", "type": "clause", "offset": [802, 811]}, {"key": "at-any-time", "type": "clause", "offset": [904, 915]}], "size": 16, "hash": "e6d0dc4f5d8e56aaaf1cf857e5a8ccf3", "id": 3}, {"snippet": "The Capital Account of a Member shall be decreased by:\n(i) The amount of cash distributed to such Member;\n(ii) The agreed fair market value of all actual and deemed distributions of property made to such Member pursuant to this Agreement (net of liabilities secured by such distributed property that the Member is deemed to assume or take subject to under Code Section 752); and\n(iii) All items of LLC deduction and loss allocated to such Member pursuant to Article IV or other provisions of this Agreement.", "samples": [{"hash": "c4qqkCWcHm6", "uri": "/contracts/c4qqkCWcHm6#decreases", "label": "Operating Agreement (Euroweb International Corp)", "score": 21.0, "published": true}, {"hash": "9GiAuG0TjIu", "uri": "/contracts/9GiAuG0TjIu#decreases", "label": "Operating Agreement (Euroweb International Corp)", "score": 21.0, "published": true}, {"hash": "4UgViQqHPfY", "uri": "/contracts/4UgViQqHPfY#decreases", "label": "Operating Agreement (Emvelco Corp.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "capital-account", "type": "clause", "offset": [4, 19]}, {"key": "a-member", "type": "clause", "offset": [23, 31]}, {"key": "decreased-by", "type": "clause", "offset": [41, 53]}, {"key": "agreed-fair-market-value", "type": "definition", "offset": [115, 139]}, {"key": "distributions-of-property", "type": "clause", "offset": [165, 190]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [211, 237]}, {"key": "liabilities-secured", "type": "clause", "offset": [246, 265]}, {"key": "distributed-property", "type": "clause", "offset": [274, 294]}, {"key": "the-member", "type": "clause", "offset": [300, 310]}, {"key": "to-assume", "type": "clause", "offset": [321, 330]}, {"key": "subject-to", "type": "clause", "offset": [339, 349]}, {"key": "code-section", "type": "definition", "offset": [356, 368]}, {"key": "all-items", "type": "definition", "offset": [385, 394]}, {"key": "allocated-to", "type": "definition", "offset": [421, 433]}, {"key": "article-iv", "type": "definition", "offset": [458, 468]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [472, 506]}], "size": 14, "hash": "958456cd697b33746476d232ee91c1ec", "id": 4}, {"snippet": "Seller shall provide the Administrative Agent with prior written notice in a form set forth as Exhibit VIII hereto in conformity with the applicable Required Notice Period (a \u201cReduction Notice\u201d) of any proposed reduction of Aggregate Capital from Collections. Such Reduction Notice shall designate (i) the date (the \u201cProposed Reduction Date\u201d) upon which any such reduction of Aggregate Capital shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Capital to be reduced which shall be applied ratably to the Purchaser Interests of Company and the Financial Institutions in accordance with the amount of Capital (if any) owing to Company, on the one hand, and the amount of Capital (if any) owing to the Financial Institutions (ratably, based on their respective Pro Rata Shares), on the other hand (the \u201cAggregate Reduction\u201d).", "samples": [{"hash": "iP5gfnKXxFs", "uri": "/contracts/iP5gfnKXxFs#decreases", "label": "Receivables Purchase Agreement (Beckman Coulter Inc)", "score": 21.0, "published": true}, {"hash": "4O0rLnx6htf", "uri": "/contracts/4O0rLnx6htf#decreases", "label": "Receivables Purchase Agreement (Beckman Coulter Inc)", "score": 21.0, "published": true}, {"hash": "1T0jiH8Rxiz", "uri": "/contracts/1T0jiH8Rxiz#decreases", "label": "Receivables Purchase Agreement (Beckman Coulter Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "provide-the-administrative-agent", "type": "clause", "offset": [13, 45]}, {"key": "prior-written-notice", "type": "clause", "offset": [51, 71]}, {"key": "conformity-with", "type": "clause", "offset": [118, 133]}, {"key": "the-applicable", "type": "clause", "offset": [134, 148]}, {"key": "required-notice-period", "type": "definition", "offset": [149, 171]}, {"key": "reduction-notice", "type": "definition", "offset": [176, 192]}, {"key": "reduction-of", "type": "clause", "offset": [211, 223]}, {"key": "aggregate-capital", "type": "clause", "offset": [224, 241]}, {"key": "from-collections", "type": "definition", "offset": [242, 258]}, {"key": "proposed-reduction-date", "type": "definition", "offset": [317, 340]}, {"key": "give-effect-to", "type": "definition", "offset": [424, 438]}, {"key": "purchaser-interests", "type": "clause", "offset": [572, 591]}, {"key": "the-financial-institutions", "type": "clause", "offset": [607, 633]}, {"key": "in-accordance-with", "type": "definition", "offset": [634, 652]}, {"key": "to-company", "type": "definition", "offset": [690, 700]}, {"key": "based-on", "type": "definition", "offset": [800, 808]}, {"key": "pro-rata-shares", "type": "definition", "offset": [826, 841]}, {"key": "the-other-hand", "type": "clause", "offset": [847, 861]}, {"key": "aggregate-reduction", "type": "definition", "offset": [868, 887]}], "size": 13, "hash": "395d7981571b016f7a426a07a3b754d9", "id": 5}, {"snippet": "Seller shall provide the Agent with at least three (3) Business Days' prior written notice (each, a \u201cReduction Notice\u201d) of any proposed reduction of Aggregate Capital from Collections. Such Reduction Notice shall designate (i) the date (the \u201cProposed Reduction Date\u201d) upon which any such reduction of Aggregate Capital shall occur (which date shall not be less than three (3) Business Days after the date such Reduction Notice is received by the Agent), and (ii) the amount of Aggregate Capital to be reduced which shall be applied ratably to the Purchaser Interests of Conduit and the Financial Institutions in accordance with the amount of Capital (if any) owing to Conduit, on the one hand, and the amount of Capital (if any) owing to the Financial Institutions (ratably, based on their respective Pro Rata Shares), on the other hand (the \u201cAggregate Reduction\u201d). Only one (1) Reduction Notice shall be outstanding at any time. Subject to the limitations and other terms and conditions herein, the Seller may make increases pursuant to Section 1.2 and decreases pursuant to this Section 1.3 without penalty or premium (other than Broken Funding Costs, if any) from the date hereof until the Facility Termination Date.", "samples": [{"hash": "aSQcjE999Iz", "uri": "/contracts/aSQcjE999Iz#decreases", "label": "Receivables Purchase Agreement (Meredith Corp)", "score": 22.3169059753, "published": true}], "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "provide-the-agent", "type": "clause", "offset": [13, 30]}, {"key": "business-days", "type": "definition", "offset": [55, 68]}, {"key": "prior-written-notice", "type": "clause", "offset": [70, 90]}, {"key": "reduction-notice", "type": "definition", "offset": [101, 117]}, {"key": "reduction-of", "type": "clause", "offset": [136, 148]}, {"key": "aggregate-capital", "type": "clause", "offset": [149, 166]}, {"key": "from-collections", "type": "definition", "offset": [167, 183]}, {"key": "proposed-reduction-date", "type": "definition", "offset": [242, 265]}, {"key": "days-after", "type": "definition", "offset": [385, 395]}, {"key": "by-the-agent", "type": "clause", "offset": [439, 451]}, {"key": "purchaser-interests", "type": "clause", "offset": [547, 566]}, {"key": "the-financial-institutions", "type": "clause", "offset": [582, 608]}, {"key": "in-accordance-with", "type": "definition", "offset": [609, 627]}, {"key": "based-on", "type": "definition", "offset": [775, 783]}, {"key": "pro-rata-shares", "type": "definition", "offset": [801, 816]}, {"key": "the-other-hand", "type": "clause", "offset": [822, 836]}, {"key": "aggregate-reduction", "type": "definition", "offset": [843, 862]}, {"key": "at-any-time", "type": "clause", "offset": [917, 928]}, {"key": "subject-to-the", "type": "definition", "offset": [930, 944]}, {"key": "other-terms-and-conditions", "type": "definition", "offset": [961, 987]}, {"key": "the-seller", "type": "clause", "offset": [996, 1006]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1026, 1045]}, {"key": "section-13", "type": "clause", "offset": [1081, 1092]}, {"key": "without-penalty", "type": "definition", "offset": [1093, 1108]}, {"key": "broken-funding-costs", "type": "definition", "offset": [1132, 1152]}, {"key": "date-hereof", "type": "clause", "offset": [1171, 1182]}, {"key": "facility-termination-date", "type": "clause", "offset": [1193, 1218]}], "size": 13, "hash": "cfbb1399d6b921d2b249be97ca3822af", "id": 6}, {"snippet": "On any Business Day (x) during the Series 2015-3 Revolving Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 2015-3 Excess Collection Account, or (y) during the Series 2015-3 Controlled Amortization Period on which a Decrease is to be made pursuant to Section 2.5, the Trustee shall withdraw from the Series 2015-3 Excess Collection Account and/or the Series 2015-3 Collection Account, in each case, in accordance with the written instructions of the Administrator, an amount equal to the lesser of (i) the amounts specified in clauses (x) and (y) of the first sentence of Section 2.5(a) and (ii) the amount of such Decrease, and deposit such amount in the Series 2015-3 Distribution Account, to be paid to the Administrative Agent for distribution in accordance with Section 3.5(f).", "samples": [{"hash": "hBQUtYw9zcl", "uri": "/contracts/hBQUtYw9zcl#decreases", "label": "Second Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)", "score": 30.4743328094, "published": true}, {"hash": "25yphK7kxi0", "uri": "/contracts/25yphK7kxi0#decreases", "label": "Amended and Restated Series 2015 3 Supplement (Avis Budget Group, Inc.)", "score": 30.1389465332, "published": true}, {"hash": "iU5vWIOY4GF", "uri": "/contracts/iU5vWIOY4GF#decreases", "label": "Series Supplement (Avis Budget Group, Inc.)", "score": 26.8945922852, "published": true}], "snippet_links": [{"key": "business-day", "type": "clause", "offset": [7, 19]}, {"key": "series-2015", "type": "definition", "offset": [35, 46]}, {"key": "revolving-period", "type": "definition", "offset": [49, 65]}, {"key": "pursuant-to-section", "type": "definition", "offset": [100, 119]}, {"key": "trustee-shall", "type": "definition", "offset": [129, 142]}, {"key": "excess-collection-account", "type": "clause", "offset": [175, 200]}, {"key": "controlled-amortization-period", "type": "clause", "offset": [234, 264]}, {"key": "each-case", "type": "definition", "offset": [448, 457]}, {"key": "in-accordance-with", "type": "definition", "offset": [459, 477]}, {"key": "written-instructions", "type": "definition", "offset": [482, 502]}, {"key": "the-administrator", "type": "clause", "offset": [506, 523]}, {"key": "equal-to", "type": "definition", "offset": [535, 543]}, {"key": "lesser-of", "type": "definition", "offset": [548, 557]}, {"key": "in-clauses", "type": "clause", "offset": [584, 594]}, {"key": "distribution-account", "type": "clause", "offset": [730, 750]}, {"key": "the-administrative-agent", "type": "clause", "offset": [766, 790]}, {"key": "for-distribution", "type": "clause", "offset": [791, 807]}], "size": 12, "hash": "1ecf5c02daec4d3f50f558e7745cfddb", "id": 7}, {"snippet": "Seller shall provide the Agent with prior written notice in the form set forth as Exhibit XII hereto (a \"Reduction Notice\") two (2) Business Days prior to any proposed reduction of Aggregate Capital from Collections. Such Reduction Notice shall designate (i) the date (the \"Proposed Reduction Date\") upon which any such reduction of Aggregate Capital shall occur and (ii) the amount of Aggregate Capital to be reduced which shall be applied ratably to the Purchaser Interests of Conduit and the Financial Institutions in accordance with the amount of Capital (if any) owing to Conduit, on the one hand, and the amount of Capital (if any) owing to the Financial Institutions (ratably, based on their respective Pro Rata Shares), on the other hand (the \"Aggregate Reduction\"). Only one (1) Reduction Notice shall be outstanding at any time. No Aggregate Reduction will be made following the occurrence of the Amortization Date without the consent of the Agent.", "samples": [{"hash": "ewvPNYsgEWO", "uri": "/contracts/ewvPNYsgEWO#decreases", "label": "Receivables Purchase Agreement (Metropolitan Edison Co)", "score": 18.0, "published": true}, {"hash": "eFfvxdie7h", "uri": "/contracts/eFfvxdie7h#decreases", "label": "Receivables Purchase Agreement (Pennsylvania Power Co)", "score": 18.0, "published": true}, {"hash": "6WkEHcZKIfx", "uri": "/contracts/6WkEHcZKIfx#decreases", "label": "Receivables Purchase Agreement (Pennsylvania Electric Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "provide-the-agent", "type": "clause", "offset": [13, 30]}, {"key": "prior-written-notice", "type": "clause", "offset": [36, 56]}, {"key": "reduction-notice", "type": "definition", "offset": [105, 121]}, {"key": "prior-to", "type": "clause", "offset": [146, 154]}, {"key": "reduction-of", "type": "clause", "offset": [168, 180]}, {"key": "aggregate-capital", "type": "clause", "offset": [181, 198]}, {"key": "from-collections", "type": "definition", "offset": [199, 215]}, {"key": "proposed-reduction-date", "type": "definition", "offset": [274, 297]}, {"key": "purchaser-interests", "type": "clause", "offset": [456, 475]}, {"key": "the-financial-institutions", "type": "clause", "offset": [491, 517]}, {"key": "in-accordance-with", "type": "definition", "offset": [518, 536]}, {"key": "based-on", "type": "definition", "offset": [684, 692]}, {"key": "pro-rata-shares", "type": "definition", "offset": [710, 725]}, {"key": "the-other-hand", "type": "clause", "offset": [731, 745]}, {"key": "aggregate-reduction", "type": "definition", "offset": [752, 771]}, {"key": "at-any-time", "type": "clause", "offset": [826, 837]}, {"key": "following-the", "type": "definition", "offset": [875, 888]}, {"key": "amortization-date", "type": "definition", "offset": [907, 924]}, {"key": "consent-of-the-agent", "type": "clause", "offset": [937, 957]}], "size": 11, "hash": "d7495a1efcde5bfab9e33ed83234baf9", "id": 8}, {"snippet": "Seller shall provide Agent and each Purchaser with an irrevocable prior written notice (a \u201cReduction Notice\u201d) two Business Days prior to any proposed reduction of the Aggregate Capital from Collections. Such Reduction Notice shall designate (i) the date (the \u201cProposed Reduction Date\u201d) upon which any such reduction of the Aggregate Capital shall occur and (ii) the amount of the Aggregate Capital to be reduced that shall be applied ratably to the aggregate Capital of the Purchasers in accordance with the amount of Capital (if any) owing to the Purchasers (ratably to each Purchaser, based on the ratio of such Purchaser\u2019s Capital at such time to the aggregate Capital of all of the Purchasers at such time) (the \u201cAggregate Reduction\u201d), without regard to any unpaid RPA Deferred Purchase Price. Only one (1) Reduction Notice shall be outstanding at any time. Concurrently with any reduction of the Aggregate Capital pursuant to this Section, Seller shall pay to the applicable Purchaser all Broken Funding Costs arising as a result of such reduction. No Aggregate Reduction will be made following the occurrence of the Amortization Date without the prior written consent of Agent.", "samples": [{"hash": "oXrW4skyOu", "uri": "/contracts/oXrW4skyOu#decreases", "label": "Contract Purchase Agreement (Patterson Companies, Inc.)", "score": 33.6652984619, "published": true}, {"hash": "8Yhfr3rBVhj", "uri": "/contracts/8Yhfr3rBVhj#decreases", "label": "Contract Purchase Agreement (Patterson Companies, Inc.)", "score": 32.6878852844, "published": true}, {"hash": "6iB5vJ9TN93", "uri": "/contracts/6iB5vJ9TN93#decreases", "label": "Contract Purchase Agreement (Patterson Companies, Inc.)", "score": 31.6721420288, "published": true}], "snippet_links": [{"key": "seller-shall", "type": "clause", "offset": [0, 12]}, {"key": "each-purchaser", "type": "definition", "offset": [31, 45]}, {"key": "prior-written-notice", "type": "clause", "offset": [66, 86]}, {"key": "reduction-notice", "type": "definition", "offset": [91, 107]}, {"key": "prior-to", "type": "clause", "offset": [128, 136]}, {"key": "reduction-of", "type": "clause", "offset": [150, 162]}, {"key": "aggregate-capital", "type": "clause", "offset": [167, 184]}, {"key": "from-collections", "type": "definition", "offset": [185, 201]}, {"key": "proposed-reduction-date", "type": "definition", "offset": [260, 283]}, {"key": "of-the-purchasers", "type": "clause", "offset": [467, 484]}, {"key": "in-accordance-with", "type": "definition", "offset": [485, 503]}, {"key": "to-the-purchasers", "type": "clause", "offset": [541, 558]}, {"key": "based-on", "type": "definition", "offset": [587, 595]}, {"key": "ratio-of", "type": "clause", "offset": [600, 608]}, {"key": "such-purchaser", "type": "definition", "offset": [609, 623]}, {"key": "aggregate-reduction", "type": "definition", "offset": [717, 736]}, {"key": "rpa-deferred-purchase-price", "type": "clause", "offset": [769, 796]}, {"key": "at-any-time", "type": "clause", "offset": [849, 860]}, {"key": "pursuant-to", "type": "clause", "offset": [919, 930]}, {"key": "pay-to", "type": "definition", "offset": [958, 964]}, {"key": "applicable-purchaser", "type": "clause", "offset": [969, 989]}, {"key": "broken-funding-costs", "type": "definition", "offset": [994, 1014]}, {"key": "following-the", "type": "definition", "offset": [1090, 1103]}, {"key": "amortization-date", "type": "definition", "offset": [1122, 1139]}, {"key": "consent-of-agent", "type": "clause", "offset": [1166, 1182]}], "size": 9, "hash": "63273889b5262adc2ba193b67523e1c8", "id": 9}, {"snippet": "Except as provided in Section 1.4, not later than 10:00 a.m. (New York City time) on the date of a proposed reduction of Aggregate Principal (which date shall be a Business Day), Borrower shall provide the Co-Agents with written notice of such proposed reduction in the form of Exhibit II-B hereto (each, a \u201cReduction Notice\u201d). Such Reduction Notice shall designate (i) the date (the \u201cProposed Reduction Date\u201d) upon which any such reduction of Aggregate Principal shall occur, and (ii) the amount of Aggregate Principal to be reduced which shall be applied ratably to the Loans of each of the Lenders in accordance with the principal amount (if any) thereof (the \u201cAggregate Reduction\u201d). Subject to the other terms and conditions hereof, the Borrower may from time to time borrow under Section 1.2, prepay under Section 1.3, and reborrow under Section 1.2.", "samples": [{"hash": "kYAQaXAIEtJ", "uri": "/contracts/kYAQaXAIEtJ#decreases", "label": "Credit and Security Agreement (Smithfield Foods Inc)", "score": 36.0143737793, "published": true}, {"hash": "cJDgsg01QrS", "uri": "/contracts/cJDgsg01QrS#decreases", "label": "First Amendment to Fifth Amended and Restated Credit and Security Agreement (Smithfield Foods Inc)", "score": 36.0143737793, "published": true}, {"hash": "94TcU3nKtHy", "uri": "/contracts/94TcU3nKtHy#decreases", "label": "Credit and Security Agreement (Smithfield Foods Inc)", "score": 35.9486656189, "published": true}], "snippet_links": [{"key": "except-as-provided-in", "type": "clause", "offset": [0, 21]}, {"key": "section-14", "type": "clause", "offset": [22, 33]}, {"key": "new-york-city-time", "type": "clause", "offset": [62, 80]}, {"key": "date-of", "type": "clause", "offset": [89, 96]}, {"key": "a-proposed", "type": "clause", "offset": [97, 107]}, {"key": "reduction-of", "type": "clause", "offset": [108, 120]}, {"key": "aggregate-principal", "type": "definition", "offset": [121, 140]}, {"key": "business-day", "type": "clause", "offset": [164, 176]}, {"key": "borrower-shall", "type": "clause", "offset": [179, 193]}, {"key": "the-co", "type": "clause", "offset": [202, 208]}, {"key": "notice-of", "type": "definition", "offset": [229, 238]}, {"key": "reduction-in", "type": "definition", "offset": [253, 265]}, {"key": "form-of", "type": "clause", "offset": [270, 277]}, {"key": "exhibit-ii", "type": "clause", "offset": [278, 288]}, {"key": "reduction-notice", "type": "definition", "offset": [308, 324]}, {"key": "proposed-reduction-date", "type": "definition", "offset": [385, 408]}, {"key": "the-loans", "type": "clause", "offset": [568, 577]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [581, 600]}, {"key": "in-accordance-with", "type": "definition", "offset": [601, 619]}, {"key": "the-principal-amount", "type": "definition", "offset": [620, 640]}, {"key": "aggregate-reduction", "type": "definition", "offset": [664, 683]}, {"key": "subject-to-the", "type": "definition", "offset": [687, 701]}, {"key": "other-terms-and-conditions", "type": "definition", "offset": [702, 728]}, {"key": "the-borrower", "type": "definition", "offset": [737, 749]}, {"key": "from-time-to-time", "type": "clause", "offset": [754, 771]}, {"key": "section-13", "type": "clause", "offset": [811, 822]}], "size": 9, "hash": "c857d2756dff25e0c9bf7bac733be8e0", "id": 10}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJkZWNyZWFzZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["purchase-arrangements", "Purchase Arrangements"], ["the-advances", "The Advances"], ["payment-of-note-principal", "Payment of Note Principal"], ["miscellaneous", "Miscellaneous"], ["general-rules-for-adjustment-of-capital-accounts", "General Rules for Adjustment of Capital Accounts"]], "title": "Decreases", "children": [["annual-reporting", "Annual Reporting"], ["initial-reporting", "Initial Reporting"], ["optional-reductions", "Optional Reductions"], ["mandatory-reductions", "Mandatory Reductions"], ["mandatory-decreases", "Mandatory Decreases"]], "size": 414, "id": "decreases", "related": [["increases", "Increases", "Increases"], ["price-decreases", "Price Decreases", "Price <strong>Decreases</strong>"], ["increase", "Increase", "Increase"], ["market-adjustments", "Market Adjustments", "Market Adjustments"], ["market-adjustment", "Market Adjustment", "Market Adjustment"]], "related_snippets": [], "updated": "2026-07-24T06:18:29+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A \"Decreases\" clause establishes the conditions under which certain amounts, such as payments, obligations, or quantities, are reduced during the term of an agreement. This clause typically specifies the triggers for a decrease, such as the passage of time, achievement of milestones, or changes in external factors, and outlines the method for calculating the new, lower amount. Its core practical function is to provide a clear and predictable mechanism for adjusting obligations downward, thereby ensuring fairness and transparency for all parties involved."}, "json": true, "cursor": ""}}