Reduction Amount. (1) The amount of earned fee, fixed fee, profit, or share of cost savings that may be unilaterally reduced will be determined by the severity of the performance failure pursuant to the degrees specified in paragraphs (c) and (d) of this Clause.
Reduction Amount. (1) If in any period (see 48 CFR 952.223-76 (b)(2)) it is found that the contractor has failed to comply with contract terms and conditions relating to the safeguarding of Restricted Data or other classified information or relating to the protection of worker safety and health, the contractor's fee or profit of the period may be reduced. Such reduction shall not be less than 26% nor greater than 100% of the total fee or profit earned for a first degree performance failure, not less than 11% nor greater than 25% for a second degree performance failure, and up to 10% for a third degree performance failure. The contracting officer must consider mitigating factors that may warrant a reduction below the specified range (see 48 CFR 904.402(c) and 48 CFR 923.7001(b)). The mitigating factors include, but are not limited to, the following (((v), (vi), (vii), and (viii) apply to WS&H only):
Reduction Amount. (1) If in any period (see 48 CFR 952.223-77)(b)(2)) it is found that the contractor has failed to comply with contract terms and conditions relating to the protection of worker safety and health, the contractor’s fee or profit of the period may be reduced. Such reduction shall not be less than 26% nor greater than 100% of the total fee or profit earned for a first degree performance failure, not less than 11% nor greater than 25% for a second degree performance failure, and up to 10% for a third degree performance failure. The contracting officer must consider mitigating factors that may warrant a reduction below the specified range (see 48 CFR 923.7001(b)). The mitigating factors include, but are not limited to, the following:
Reduction Amount. After the prepayment in full of the Term Loans pursuant to Section 2.08(c) above, prepayments of the Revolving Credit Facility made pursuant to Section 2.08(b) (other than pursuant to clause (vi) thereof) shall initially be applied ratably to the outstanding Revolving Credit Loans, and, in the case of prepayments of the Revolving Credit Facility required pursuant to clause (i), (ii), (iii), (iv) or (v) of Section 2.08(b), the amount remaining, if any, after the prepayment in full of all Revolving Credit Loans outstanding at such time may be retained by the Company for use in the ordinary course of its business. The Commitments under the Revolving Credit Facility shall be automatically and permanently reduced by the sum of (i) any mandatory prepayment amount and (ii) any remaining amount retained by the Company, in each case, pursuant to Section 2.08(b)(iii) or (iv) (being, collectively, the "Reduction Amount") as set forth in Section 2.05(b)(iii).
Reduction Amount. If Sellers elect the option set forth in Section 6.5(b)(ii) with respect to one or more Environmental Defects, then as Buyer's sole and exclusive remedy with respect to such Environmental Defects, Buyer shall be entitled to reduce the Purchase Price by the Allocated Value for such Environmental Defect Property, subject to Section 6.5(a).
Reduction Amount. The funds in an amount equal to the Reduction Amount which the Seller is using to reduce the outstanding Capital of the Purchasers on the date hereof represents a portion of the Collections on Pool Receivables that the Servicer is holding in trust in accordance with Section 3.01 of the Receivables Purchase Agreement.
Reduction Amount. Any rental payments and other charges in respect of ---------------- the Lease actually received by Lessor prior to July 1, 2004 from sources other than Lessee, including, without limitation, any replacement tenant for all or part of the Leased Premises (as defined in the Lease) (the "Third Party Payments"), shall be credited to -------------------- Lessee as a reduction of principal owing hereunder, under the 2003 Note, or under the 2004 Note, as applicable, in an amount equal to the sum of (X) the aggregate amount of such Third Party Payments received during the applicable period, multiplied by (Y) seventy-five percent (75%) (the "Reduction Amount"). ----------------
Reduction Amount. If Seller elects to withdraw an Environmental Defect Property as set forth in Section 7.4(b)(ii), then as Buyer’s sole and exclusive remedy with respect to such Environmental Defects, Buyer shall be entitled to reduce the Purchase Price by the Allocated Value of the affected Environmental Defect Property; provided, that if Buyer overrides Seller’s election to withdraw an Environmental Defect Property under said Section 7.4(b)(ii), then the Purchase Price shall not be reduced by the Allocated Value of the affected Environmental Defect Property, by the Remediation Amount asserted with respect to such Environmental Defect Property, or otherwise and Seller shall have no obligation to implement any Remediation in connection with such Environmental Defect Property or to indemnify Buyer with respect thereto.
Reduction Amount. Notwithstanding anything to the contrary contained herein, immediately upon the date (the "Reduction Date") that the Available Capital is less than $15,000,000, the Borrower, within three (3) days from such date, shall pay to the Lender, as a permanent principal reduction hereunder an amount necessary to reduce the outstanding principal amount to $3,500,000 (the "Reduction Amount"). From and after the Reduction Date, the Commitment Amount shall be permanently reduced to $3,500,000.
Reduction Amount. See Section 2.3.1 hereof.
