Applicable Reduction definition

Applicable Reduction means the product of (i) the Reduction Amount and (ii) the Non-Common Stock Portion.
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Applicable Reduction means a ten percent (10%) reduction of the Contested Notices Amount on the last day of each calendar quarter, beginning on the last day of the first calendar quarter following the Initial Implementation Date and ending when the Contested Notices Amount is reduced to or below zero; provided that a reduction shall occur only (i) if the OCI has not initiated and is not pursuing an action as contemplated by Section 12(b) during the applicable calendar quarter, or (ii) if the OCI initiated such action, (A) as of the last day of such calendar quarter the OCI either has discontinued or has informed MGIC that it is not pursuing such action, or (B) a final court order has been entered dismissing such action with prejudice. If clause (ii) of the preceding sentence should apply, then the Contested Notices Amount shall be reduced by the Applicable Reduction for that quarter and for each previous quarter in which the Applicable Reduction was not applied.
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Applicable Reduction means the applicable amount set forth in the following table for the applicable period set forth opposite thereto:
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Examples of Applicable Reduction in a sentence

  • Successive Applicable Reduction Periods will be referred to successively as the “Second Applicable Reduction Period,” the “Third Applicable Reduction Period” and so on.

  • If any such damage due to fire or other casualty is insured and is to such an extent as would have a Material Adverse Effect on the affected Property, then, at Purchaser’s option, such affected Property may be excluded from this Agreement and, subject to the Price Threshold Termination Option, the Purchase Price shall be reduced by the Applicable Reduction.

  • In the event that any Ground Lessor or Licensor or Third Party Manager exercises any applicable right of first refusal or first offer in connection with the proposed transfer of the Properties to Purchaser (including pursuant to the Marriott Settlement Agreement), Purchaser and Owner agree this Agreement shall terminate with respect to such Property and, subject to the Price Threshold Termination Option, the Purchase Price shall be reduced by an amount equal to the Applicable Reduction.

  • Any such notice of cancellation or reduction of the Term Letter of Credit Usage shall be accompanied by the payment of all fees (including the Commitment Fee due on the Term Letter of Credit Usage being reduced) accrued through the date of such cancellation or reduction plus payment of the Applicable Reduction Fee.

  • Any such notice of reduction shall be accompanied by the payment of all fees (including the Commitment Fee due on the Term Letter of Credit Commitment being reduced) accrued through the date of such cancellation or reduction under this Agreement plus the amount of the Applicable Reduction Fee.

  • If, prior to Closing, any Property is damaged by fire or other casualty which is uninsured and would cost more than $500,000.00 to repair, then, at Purchaser’s option, such affected Property may be excluded from this Agreement and, subject to the Price Threshold Termination Option, the Purchase Price shall be reduced by the Applicable Reduction.

  • If Purchaser exercises its option to terminate its obligations pursuant to this Section 8.2, such Property shall be excluded from this Agreement and, subject to the Price Threshold Termination Option, the Purchase Price shall be reduced by the Applicable Reduction.


More Definitions of Applicable Reduction

Applicable Reduction means, with respect to a Property, its Property Allocation.
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