Asset Reduction definition

Asset Reduction means the dollar amount, if any, by which (x) the Inventory as of June 30, 2005 as set forth in the Business Financial Information, exceeds (y) the Inventory as of August 31, 2005 as set forth in the Business Financial Information.
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Examples of Asset Reduction in a sentence

  • Within five days after the occurrence of a Mandatory Asset Reduction Event, the Commitments shall be ratably reduced (but not below zero) by an aggregate amount equal to the related Mandatory Asset Reduction Amount.

  • The Total Commitment shall be automatically and irrevocable reduced pursuant to the requirements of Section 10.5.2 on the dates and in the amounts (the "Asset Reduction Amount") required by Section 10.5.2. Upon such a reduction in the Total Commitment pursuant to Section 10.5.2, the Commitment of each Bank shall be reduced pro rata in accordance with its Commitment Percentage of the Asset Reduction Amount.

  • Revisions to the Bank’s Criticized Asset Reduction Plan shall be submitted to the Assistant Deputy Comptroller for a prior written determination of no supervisory objection.

  • By March 31, 2011, the Association shall adopt and implement a detailed, written plan with specific strategies, targets and timeframes to reduce2 the Association’s level of classified assets (Classified Asset Reduction Plan).

  • If such Net Cash Proceeds are not so reinvested after the Company or a Restricted Subsidiary has entered into binding commitments to reinvest such Net Cash Proceeds and has provided the Administrative Agent with satisfactory evidence thereof as set forth above, then the Asset Reduction Date shall be the date which is one Business Day after the earliest of (A) the date on which such commitment expires, (B) the occurrence of an Event of Default or (C) the expiration of such 360-day period.

  • Within sixty (60) days, the Association shall submit a detailed, written plan with specific strategies, targets and timeframes to reduce3 the Association’s level of problem assets4 (Problem Asset Reduction Plan) to the Regional Director for review and non-objection.

  • Upon notice of non-objection, the Association shall implement and adhere to the Problem Asset Reduction Plan.

  • If the Target Net Asset Value is greater than the Estimated Closing Net Asset Value, the amount of such difference shall be the "Estimated Net Asset Reduction." For purposes of this Agreement, the "Revised Target Net Asset Value") shall mean the lower of the Target Net Asset Value and the Estimated Closing Net Asset Value.

  • By November 1, 2010, the Association shall submit to the Regional Director an updated written comprehensive Classified Asset Reduction Plan that is acceptable to the Regional Director.

  • Supervisory Agreement – Roebling Bank defined below (Criticized Asset Reduction Plan).