Mandatory Reduction Date definition

Mandatory Reduction Date has the meaning specified in Section 2.05(b).
Sample 1
Mandatory Reduction Date means the date on which a Mandatory Reduction Amount is paid.
Sample 1Sample 2
Mandatory Reduction Date as defined in subsection 2.4(b).
Sample 1Sample 2

Examples of Mandatory Reduction Date in a sentence

  • Borrower may request a one-year extension of the Mandatory Reduction Date by delivering written notice of such request to the Facility A Banks on or after Borrower delivers the annual financial statements to the Banks for the fiscal year ending October 31, 1995 or any subsequent fiscal year pursuant to Section 8.02(a)(ii), but before April 30 of the following fiscal year.

  • Any repayment of a Treasury Rate Term Loan on the Mandatory Reduction Date pursuant to the first sentence of this clause (iii) shall be subject to the Treasury Rate Term Loan Prepayment Premium.

  • The amount of each Facility A Bank's Escrow Agreement Issuance Limit on and after the Mandatory Reduction Date shall be equal to the greater of (1) 50% of the amount of such Escrow Agreement Issuance Limit immediately before the Mandatory Reduction Date or (2) the amount of such Facility A Bank's obligations as the Escrow Bank under Escrow Agreements.

  • If Borrower requests an extension of the Mandatory Reduction Date or Expiration Date and such Mandatory Reduction Date or Expiration Date (before its extension) is fewer than 75 days following Borrower's request for such extension, the Facility A Banks shall be deemed to reject such request if they do not respond to such request before such Mandatory Reduction Date or Expiration Date, as the case may be.

  • The Mandatory Reduction Date may not be extended to a date which is on or after the Expiration Date.

  • Any repayment of a Facility A Term Loan on the Mandatory Reduction Date pursuant to the first sentence of this clause (iii) shall be subject to the Term Loan Prepayment Premium.

  • Facility A Term Loan Option shall mean either the Expiration Date Facility A Term Loan Option or the Mandatory Reduction Date Facility A Term Loan Option.

  • Mandatory Reduction Date Facility A Term Loan Option shall have the meaning given to such term in Section 3.01(b)(ii).

  • Each such reduction of the Revolving Credit Commitments shall reduce, in inverse order, the mandatory reductions required on each Mandatory Reduction Date except that any such reduction of Revolving Credit Commitments pursuant to subsection 2.9(b) shall reduce pro rata the mandatory reductions then required on each remaining Mandatory Reduction Date.

  • If Borrower requests an extension of the Mandatory Reduction Date or Expiration Date and such Mandatory Reduction Date or Expiration Date (before its extension) is fewer than 75 days following Borrower's request for such extension, the Banks shall be deemed to reject such request if they do not respond to such request before such Mandatory Reduction Date or Expiration Date, as the case may be.


More Definitions of Mandatory Reduction Date

Mandatory Reduction Date means the date on which a Mandatory Reduction Amount is paid. “Material Adverse Effect” shall mean a material adverse effect on (i) the financial condition or operations of (a) the Seller, (b) Xxxxxxxx and its Subsidiaries, taken as a whole, or (c) the Parent and its Subsidiaries, taken as a whole; (ii) the ability of the Seller, Xxxxxxxx or any other
Sample 1

Related to Mandatory Reduction Date

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

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

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

  • Series Termination Date means, with respect to any Series of Notes, the date specified as such in the applicable Series Supplement.

  • Reduction Date has the meaning set forth in Section 20.1B.

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

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

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

  • Distribution Determination Date means, in respect of any Distribution Period, that number of business days prior thereto as is set out in the applicable Pricing Supplement or on the face of the relevant Perpetual Security;

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

  • Designation Date as defined in Subsection 2.10(f).

  • Accrual Termination Date Not applicable.

  • Election Date has the meaning specified in Section 3.12(h).

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • SOFR Determination Date has the meaning specified in the definition of “Daily Simple SOFR”.

  • Revolving Termination Date means the earlier to occur of:

  • Scheduled Commitment Termination Date means May 24, 2016, as such date may be extended by mutual agreement of the parties hereto (each, in their sole and absolute discretion) pursuant to Sections 2.21 and 12.01(b).

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

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

  • SOFR Interest Determination Date means the day that is the number of U.S. Government Securities Business Days prior to the Interest Payment Date in respect of the relevant Interest Period, as specified in the applicable Pricing Supplement.In addition to the Interest Periods and the Interest Payment Dates, the applicable Pricing Supplement shall specify and describe, as applicable, any relevant interest commencement date, interest period end date, interest determination date, index maturity, rate cut-off date, any other terms relating to the particular method of calculating interest on the Average SOFR Note (including any applicable payment delay, lockout or suspension period, lookback or observation shift) and any other terms applicable specifically to such Average SOFR Note.Term SOFR NotesUnless otherwise provided for or modified in the applicable Pricing Supplement, Term SOFR Notes will bear interest at a rate per annum equal to Term SOFR (as defined below) (or Specified-Tenor Term SOFR (as defined below)), plus the Spread.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).