Reduction in Support Phase Sample Clauses

Reduction in Support Phase. In accordance with Section 13(3) of the Federal Reserve Act, Facility will cease purchasing assets by September 30, 2020, unless the Facility is extended by the Board and the UST. EXHIBIT A-3 CASH REINVESTMENT GUIDELINES
Sample 1
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Reduction in Support Phase. In accordance with Section 13(3) of the Federal Reserve Act, Facility will cease purchasing assets by September 30, 2020, unless the Facility is extended by the Board and the UST. ANNEX C ADDITIONAL OPERATING GUIDELINES FOR BROAD MARKET INDEX BONDS This Annex C, dated June 15, 2020, to the Operating Guidelines set forth in Exhibit A-2 establishes guidelines for the Manager to (i) develop and maintain a broad market index for the Facility (referred to as the “Broad Market Index” in the FAQs) and (ii) purchase eligible broad market index bonds as such term is defined in the Term Sheet (“Eligible BMI Bonds”) to track such index. The definition of “Eligible Bonds” in Exhibit A-1 of this Agreement is hereby amended to include Eligible BMI Bonds within the definition. Eligible BMI Bonds that meet the investment grade credit rating requirements in the Term Sheet shall be defined as “Eligible BMI IG Bonds.” Eligible BMI Bonds that are not Eligible BMI IG Bonds shall be defined as “Eligible BMI HY Bonds.” The definition of “Eligible IG Bonds” in Exhibit A-1 of this Agreement is hereby amended to include Eligible BMI IG Bonds within the definition. The definition of “Eligible HY Bonds” in Exhibit A-1 of this Agreement is hereby amended to include Eligible BMI HY Bonds within the definition. For the avoidance of doubt, the term “Eligible Bonds” used in the Operating Guidelines includes Eligible BMI Bonds. With respect to Eligible BMI Bonds, the references to the “Eligible Issuer” or “Eligible Issuers” in Exhibit A-1 and Exhibit A-2 of this Agreement shall be deemed to be references to the issuers of such Eligible BMI Bonds or issuers whose bonds qualify as Eligible BMI Bonds, as the context requires. The Manager will develop, rebalance and recalculate the Broad Market Index in the manner described in the Term Sheet, which shall be deemed to include the FAQs. Purchases of Eligible BMI Bonds by the Manager for the Facility shall, consistent with the Term Sheet, aim to replicate the Broad Market Index sector and tenor exposure weights. The Manager shall provide a report to the Company on a weekly basis containing a list of sectors whose par value weight as a percentage of the Facility’s portfolio deviates from the sector’s par value weight as a percentage of the Broad Market Index by an amount that shall be communicated by the Company to the Manager. The Manager shall provide a recommendation to the Company regarding the manner in which it will remediate such sector dev...
Sample 1

Related to Reduction in Support Phase

  • REDUCTION IN STAFF 15.1 Procedure According to provisions of Missouri Statute 168.124, the Board of Education may place on leave of absence as many teachers as necessary because of decrease in enrollment, school district reorganization, or financial conditions. Whenever the Board anticipates a reduction in teaching staff, the superintendent or his/her designee will notify the officials of the Association concerning the anticipated reduction in the teaching staff. A meeting between the Association officials and the superintendent or his/her designee will be scheduled for purposes of discussing the proposed reduction in staff within two weeks (2) following the above notification. Individual teachers will not be contacted prior to the above meeting. In placing teachers on leave, the Board shall be governed by the following provisions:

  • REDUCTION IN WORKFORCE 16.01 The employer will layoff employees in reverse order of seniority within the classification provided those retained have the ability to do the work. No new employee will be hired until all those qualified employees with recall rights have been given the opportunity to return to work and have failed to do so.

  • Reduction in Scope of the Project 16.6.1 If the Concessionaire shall have failed to complete any Construction Works on account of Force Majeure or for reasons solely attributable to the Authority, the Authority may, in its discretion, require the Concessionaire to pay 80% (eighty percent) of the sum saved therefrom, and upon such payment to the Authority, the obligations of the Concessionaire in respect of such works shall be deemed to have been fulfilled. For the avoidance of doubt, it is agreed that in the event such reduction in Scope of the Project causes or will cause a reduction in net after-tax return of the Concessionaire, the Parties shall meet, as soon as reasonably practical, and agree on a full or partial waiver of the aforesaid payment of 80% (eighty per cent) so as to place the Concessionaire in the same financial position as it would have enjoyed had there been no reduction in Scope of the Project. It is further agreed that the liability of the Authority under this Clause 16.6 shall not extend beyond waiver of the aforesaid 80% (eighty per cent). It is also agreed that in the event of a dispute, the Dispute Resolution Procedure shall apply.

  • Reduction in Hours Any reduction in regularly assigned time shall be considered a layoff under the provisions of this Article.

  • Reduction in scope of agreement for fault 19.1.1 If the Grantee does not comply with an obligation under this Agreement and the Commonwealth believes that the non‐compliance is incapable of remedy, or if the Grantee has failed to comply with a notice to remedy, the Commonwealth may by written notice reduce the scope of the Agreement.

  • Reductions in Scope of Work City may independently, or upon request from Consultant, from time to time, reduce the Required Services to be performed by the Consultant under this Agreement. Upon doing so, City and Consultant agree to meet and confer in good faith for the purpose of negotiating a corresponding reduction in the compensation associated with the reduction.

  • REDUCTION IN FORCE It is understood and agreed that in addition to the above designated and related duties, full-time professional staff shall participate fully in the activities of institutional councils and/or committees. The employment status of the Employee shall be as follows: Executive/Managerial Appointment , not subject to tenure. Professional/Managerial Appointment , not subject to tenure. Other conditions of Employment:

  • Reduction of Aggregate Limits If the aggregate limit is exhausted, the company will immediately take all possible steps to have it reinstated. The general liability policies shall include a per policy endorsement STANDARD PROCEDURE Number: S250.06 Effective: 05/31/02 Aviation Authority Revised: 12/11/14 Page: 2 of 7 Subject: CONTRACTUAL INSURANCE TERMS AND CONDITIONS providing that the limits of such insurance specified in the contract shall apply solely to the work under the contract without erosion of such limits by other claims or occurrences.

  • REDUCTION IN WORK FORCE 19.01 In the event of a reduction in the work force, regular employees shall be laid off in reverse order of seniority, provided that there are available employees with greater seniority who are qualified and willing to do the work of the employees laid off.

  • Refund after Scaling Completed Any cash deposit, in excess of that required to meet charges under B4.2, shall be refunded or transferred within 15 days of Purchaser’s request after Scaling is completed, except for amounts estimated to be required under B9.5. B4.3 Payment Guaranteed by Xxxx or Deposited Securities. To guarantee payment, Purchaser may fur- nish and maintain an acceptable surety bond or deposit in a Federal Depository negotiable securities of the United States. The securities shall be deposited through the Re- gional Fiscal Agent accompanied by a power of attorney and agreement authorizing the bond-approving officer to sell or collect such securities if payment is not made within 15 days of billing by Forest Service. The penal sum of such surety bond or the market value at time of deposit of such negotiable securities shall be the maximum amount of the payment guaranteed. For payment purposes, penal sum of the surety bond or market value at time of deposit of negotiable securities shall be in lieu of the performance bond furnished under B9.1.

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