Reduction of the Sample Clauses

Reduction of the indebtedness to a zero balance shall not cause the mortgage to become extinguished by operation of law. When Recorded Return To: Xxxxxxx Xxxxx Xxxxxxx & Xxxxxxxxx, LLP 0000 Xxxxxx Xxxxxx, 00xx Xxxxx Xxxxxxxxxxxx, XX 00000 Attn: Xxxxxx X. Xxxxx, Esq. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- SPTMRT PROPERTIES TRUST, as TRUSTOR to LAWYERS TITLE OF ARIZONA, INC., as TRUSTEE for the benefit of DRESDNER BANK AG, Administrative Agent for itself as a lender and for certain other lenders, as BENEFICIARY ----------------------------------- DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING ----------------------------------- Dated: September 15, 1999 Location: Scottsdale, Arizona -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- TABLE OF CONTENTS
AutoNDA by SimpleDocs
Reduction of the. Advance Commitments; Reduction and ---------------------------------------------------------------- Increase of the Swing Line Commitments. (a) The Borrower shall have the right, -------------------------------------- upon at least three Business Days' notice to the Agent, to irrevocably terminate in whole or reduce ratably in part the unused portions of the respective Advance Commitments of the Lenders, provided, that, after giving effect to such -------- ---- reduction, the Advance Commitments are not less than the sum of the aggregate amount of all Letter of Credit Liability in respect of then outstanding Standby Letters of Credit, the aggregate Swing Line Commitment then in effect (computed without giving regard to usage), and the then outstanding amount of all Borrowings; provided, further, that, each partial reduction shall be in the -------- ------- ---- aggregate amount of $25,000,000 or an integral multiple of $1,000,000 in excess thereof.
Reduction of the guarantee debiting If the requirements for a reduction of the amount of the Bank's guarantee obligation are unequivocally fulfilled in accordance with the conditions of a reduction clause of the guarantee or the Bank was unreservedly exempted from its liability in writing, it shall carry out corresponding partial write-offs on the guarantee account and take this into account in the calculation of the guarantee commission. In the case of indirect guarantees, this regulation shall apply when the Bank submits a partial exemption of the second bank. If a claim is nonetheless brought against the Bank and it makes a payment compelled due to an authorization by the originating party or through a decision enforceable in the country where it was taken, the guarantee commission must be paid subsequently from the time of the reduction up until the date of the payment.

Related to Reduction of the

  • Duration of the processing of personal data Processing by the processor shall only take place for the duration specified in Annex II.

  • Reduction of Total Commitment The Borrower shall have the right at ----------------------------- any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $2,500,000 or an integral multiple of $500,000 in excess thereof or terminate entirely the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their --- ---- respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this (S)2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

  • 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.

  • Reduction of the Commitments The Borrower shall have the right, upon at least two Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple thereof.

  • REDUCTION OF STAFF Involuntary transfers to reduce staff may be made at the end of the school year based upon enrollment estimates and during the year based upon actual enrollments. The supervisor shall determine the level (TK-3, 4-6), the subject area, or program to be reduced. Elementary site administrators shall poll their staffs as to qualifications for an interest in changing levels.

  • Reduction of Hours The Employer shall not reduce the weekly hours of work of an employee for the purpose of replacing such hours with another employee at a lower hourly rate of pay.

  • Termination or Reduction of the Commitments (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the Available Commitments, provided that (i) each partial reduction shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such termination or reduction shall be made that would reduce the aggregate Commitments to an amount less than the Outstanding Credits on the date of such termination or reduction.

  • Termination of Therapy Therapist reserves the right to terminate therapy at his/her discretion. Reasons for termination include, but are not limited to, untimely payment of fees, failure to comply with treatment recommendations, conflicts of interest, failure to participate in therapy, Patient needs are outside of Therapist’s scope of competence or practice, or Patient is not making adequate progress in therapy. Patient has the right to terminate therapy at his/her discretion. Upon either party’s decision to terminate therapy, Therapist will generally recommend that Patient participate in at least one, or possibly more, termination sessions. These sessions are intended to facilitate a positive termination experience and give both parties an opportunity to reflect on the work that has been done. Therapist will also attempt to ensure a smooth transition to another therapist by offering referrals to Patient.

  • Reduction of Payments Any reduction under Subsection (b) above shall be applied first to Payments that constitute “deferred compensation” (within the meaning of Section 409A of the Code and the regulations thereunder). If there is more than one such Payment, then such reduction shall be applied on a pro rata basis to all such Payments. Subject to the foregoing rules, the Employee may elect, in the Employee’s sole discretion, which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall advise the Company in writing of the Employee’s election within 10 business days of receipt of notice. If no such election is made by the Employee within such 10-day period, then the Company may elect which and how much of the Payments shall be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount) and shall notify the Employee promptly of such election. For purposes of this Section 3, a present value shall be determined in accordance with Section 280G(d)(4) of the Code. All determinations made by the Accounting Firm under this Section 3 shall be binding upon the Company and the Employee and shall be made within 10 business days of the date when a Payment becomes payable or transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay or transfer to or for the benefit of the Employee such amounts as are then due to the Employee and shall promptly pay or transfer to or for the benefit of the Employee in the future such amounts as become due to the Employee.

  • Application of Prepayments Reductions (a) Any prepayment of any Loan pursuant to Section 2.11 shall be applied as specified by the Borrower in the applicable notice of prepayment; provided, in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.