Mandatory Reduction definition

Mandatory Reduction means the required reduction of the Aggregate Capital of a Purchaser as a result of the occurrence of a Mandatory Reduction Day.
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Mandatory Reduction means a reduction in the Total Commitment effected (a) pursuant to the definition of "Total Commitment" or (b) pursuant to Section 2.3.2.
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Mandatory Reduction means the permanent reduction in the Total Commitment required pursuant to Section 2.08(b) of this Agreement in an amount equal to the greater of (i) $4,000,000.00 less any reductions (not reinstated) in the Total Commitment made since the date of the prior Mandatory Reduction or (ii) the principal amount of the Senior Notes paid on May 31, 2001 and May 31, 2002.
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Examples of Mandatory Reduction in a sentence

  • No Event of Default, Default or any prepayment event pursuant to Clause 10 (Mandatory, Reduction, Prepayment and Cancellation) is existing or might reasonably be expected to result from the making of the Utilisation or the entry into and performance of or any transaction contemplated by any of the Finance Documents.

  • In August 2014, the DCLG introduced amended regulations designed to impose an annual cap of £15,000 (£10,000 outside London) on leaseholder bills for major works (The Social Landlords Mandatory Reduction of Service Charges (England) Directions 2014).

  • The Council follows The Mandatory Reduction Directions for social landlords (councils or housing associations) which came into force in England on 12 August 2014.The Mandatory Reduction Directions limit the amount of service charges recoverable from leaseholders of social landlords, who occupy their flat or house as their only or principal home.

  • Second, because some units will need to be dispatched in the spot market, and the units that can react on short notice often have higher marginal costs.

  • RequestIn response to (EO) N-7-22 to reduce water usage by 20-30% and to achieve MWD’s reduction of non-essential water use and preserve water supplies, GSWC is seeking to activate and implement Stage 2 – 20% Mandatory Reduction, in its Schedule 14.1 in the Claremont CSA.

  • Crépon, Bruno, and Francis Kramarz, 2002, “Employed 40 Hours or Not employed 39: Lessons from the 1981 Mandatory Reduction of the weekly Working Hours”, Journal of Political Economy.

  • KRAMAZ (2002), Employed 40 Hours or Not Employed 39: Lessons from the 1982 Mandatory Reduction of the Workweek, Journal of Political Economy 110 (2002), pp.

  • No Event of Default, Default or any prepayment event pursuant to clause 8 (Mandatory Reduction, Prepayment and Cancellation) is existing or might reasonably be expected to result from the making of the Utilisation or the entry into and performance of or any transaction contemplated by any of the Finance Documents.

  • Section 2.10 Mandatory Reduction of the Commitments; Mandatory Prepayment of Advances.

  • Amount If, on any day, the Seller knows or should know that the Percentage Interest exceeds 100%, the Servicer or the Seller shall promptly notify the Administrative Agent and the Facility Agents and shall specify the Mandatory Reduction Amount.


More Definitions of Mandatory Reduction

Mandatory Reduction. Date shall mean June 16, 1998 or any later date if the Mandatory Reduction Date shall be extended pursuant to the terms hereof.
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Mandatory Reduction has the meaning specified in Section 2.5 (Reduction and Termination of the Revolving Credit Commitments).
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Related to Mandatory Reduction

  • Mandatory Retirement means termination of employment pursuant to the Company’s mandatory retirement policy.

  • Mandatory Redemption means a redemption of ETP Securities in accordance with Condition 8.7.

  • Salary Reduction means the amount by which the Participant's Compensation is reduced and applied by the Employer under this Plan to pay for one or more of the Benefits, as permitted for the applicable Component, before any applicable state and/or federal taxes have been deducted from the Participant's Compensation (i.e., on a pre-tax basis).

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Salary reduction plan means a benefit plan whereby state and

  • Special Termination Advance means an Advance made pursuant to Section 2.02(g).

  • Mandatory Reporter means any public or private official who:

  • Special Mandatory Redemption has the meaning set forth in Section 3.07.

  • Special Mandatory Redemption Date has the meaning set forth in Section 3.02(b) hereto.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Mandatory Tender Date means any date on which a Multi-Modal Bond is subject to mandatory tender in accordance with the Certificate.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Special Mandatory Redemption Price means 100% of the principal amount of the Notes plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special Redemption Date.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Mandatory Guest Fee means any separate fee that a patron or guest is charged for in addition to the base room rate for a guest room, including but not limited to resort fees, facility fees, destination fees, amenity fees, urban destination fees, or any other similar fee. Mandatory Guest Fees do not include employee gratuities, state or local mandatory taxes, and other tax-like fees and assessments that are levied on a stay, as determined by us, that are passed through to a third party (such as tourism public improvement district fees, tourism or improvement assessments, and convention center fees).