B Reduction definition

B Reduction has the meaning specified in Section 2.01.

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B Reduction has the meaning specified in Section 2.01(a).

B Reduction has the meaning specified in Section 2.01. ----------- 364-DAY CREDIT AGREEMENT

Examples of B Reduction in a sentence

• Promptly after each B Borrowing the Administrative Agent will notify each Lender of the amount of the B Borrowing, the consequent B Reduction and the dates upon which such B Reduction commenced and will terminate.

• Promptly after each B Borrowing the Agent will notify each Lender of the amount of the B Borrowing, the consequent B Reduction and the dates upon which such B Reduction commenced and will terminate.

• Promptly after each B Borrowing the Agent will notify each Bank of the amount of the B Borrowing, the Borrower to which such B Borrowing was made, the consequent B Reduction and the dates upon which such B Reduction commenced and will terminate.

• The Borrower shall from time to time prepay the A Advances made to the Borrower to the extent necessary so that the sum of the aggregate principal amount of the Advances then outstanding does not exceed the aggregate amount of the Commitments of the Lenders then in effect (computed without regard to any B Reduction).

• Each Lender severally agrees that the Borrower may request B Borrowings under this Section 2.03 from time to time on any Business Day during the period from the date hereof until the Termination Date in the manner, and subject to the terms and conditions, set forth below; provided that, following the making of each B Borrowing, the aggregate amount of the Advances then outstanding shall not exceed the aggregate amount of the Commitments of the Lenders (computed without regard to any B Reduction).

• The Borrower agrees to pay to the Agent for the account of each Bank a facility fee ("Facility Fee") at the respective rate per annum set forth below on the average daily aggregate amount of the Commitment of such Bank (whether used or unused, and without regard to any B Reduction that may then exist) from the date hereof until the Revolving Credit Termination Date, payable on the last day of each Facility Quarter during the term of such Bank's Commitment and on the Revolving Credit Termination Date.

• An example of the minimum sanctions under this subsection is presented in the table below: Offense by: Minimum Consultant Subconsultant A Subconsultant B Reduction in Compensation First $10,000 First $10,000 Second $50,000 First $10,000 Third $50,000* * May, in addition, result in removal and debarment of the Subconsultant.

• Promptly after each B Borrowing the Agent will notify each Bank of the amount of the B Borrowing, the consequent B Reduction and the dates upon which such B Reduction commenced and will terminate.

• Any prepayment of principal of Term B Loans shall be applied to the outstanding Term B Reduction Installments on a pro rata basis.

• The Borrower agrees to pay to the Agent for the account of each A Lender a facility fee, accruing at the rate of 0.05% from and after the date hereof, on the amount of such A Lender's A Commitment (computed without giving effect to any B Reduction or any other usage of the A Commitment of such A Lender), payable quarterly in arrears on the last day of each January, April, July and October and on the Revolver Termination Date.

More Definitions of B Reduction

B Reduction means, for each Lender at any time, such Lender's ----------- ratable portion (determined according to such Lender's respective Commitments) of the aggregate principal amount of all B Advances then outstanding.

B Reduction has the meaning specified in Section 2.01. "Bank" means at any time (i) each of the financial institutions listed on the signature pages hereof as "Banks", after giving effect to the introduction of any new Bank in accordance with Section 3.07 and any assignment made in accordance with Section 9.08 on or prior to such date and (ii) except when used in reference to an A Advance, an A Borrowing, an A Note, a Commitment or a related term, a Designated Bidder. "Base Rate" means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time which rate per annum shall at all times be equal to the highest of:

B Reduction as to any Bank on any date, an amount equal to such Bank's Commitment Percentage of the aggregate principal amount of all B Loans outstanding on such date (after giving effect to the payment of any B Loans to be paid on such date).