Mandatory Reductions definition

Mandatory Reductions has the meaning given in Section 2.1(b)(ii).
Sample 1
Mandatory Reductions means (a) payments on the Notes required under Section 9.12 of each Note Purchase Agreement (as in effect after giving effect to the Fourth Amendments thereto dated as of September 18, 2009) and (b) payments on the Advances required under Sections 2.3(b) and (e) of the 2008 Credit Agreement (as in effect after giving effect to the Third Amendment thereto dated as of September 18, 2009) or, if greater, the amount of commitment reductions required under Sections 2.3(b) and (e) of the 2008 Credit Agreement, as applicable.
Sample 1
Mandatory Reductions means, collectively, the aggregate of any and all reductions in the Total General Revolving Commitment effective after the effectiveness of the Fifth Amendment to this Agreement (a) pursuant to clause (i) of the first sentence of section 4.2(b) of this Agreement by reference to any mandatory prepayment of Loans made pursuant to section 5.2(d) of this Agreement and (b) pursuant to clause (ii) of the first sentence of section 4.2(b) of this Agreement by reference to Excess Cash Flow for the Parent's fiscal year ending December 31, 2003.
Sample 1

Examples of Mandatory Reductions in a sentence

  • In Stage 2, Mandatory Reductions I, all customers are expected to reduce their water use by 10% in comparison to their previous month’s water bill.

  • In Stage 3, Mandatory Reductions II, customers must continue actions from all previous stages and further reduce water use by 20% compared to their previous month’s water bill.

  • Mandatory Reductions In the event of an emergency under subsection 19.1, the Company may require each commercial and industrial retail and transportation Customer that is not a Priority 1 Customer to reduce its consumption of gas.

  • It adds the office, industrial, RM20, RM40, and RM60 districts to the list of districts to which the Neighboring Lots, Major New Investment, Corner Lots, and Petitions for Mandatory Reductions of Street Setbacks provisions apply.

  • LOANS AND LETTERS OF CREDIT 25 2.1 Loans-General 25 2.2 Base Rate Loans 26 2.3 LIBOR Loans 26 2.4 Letters of Credit 27 2.5 Mandatory Reductions of the Term Commitment 29 2.6 Voluntary Reduction of the Revolving Commitment 29 2.7 Optional Increases to the Commitments 30 2.8 Administrative Agent’s Right to Assume Funds Available for Advances 31 2.9 Collateral 32 ARTICLE 3.

  • For the avoidance of doubt, no such conditions apply to Mandatory Reductions.

  • This section sets out which legal entity in the SEEK Group is responsible for the Personal Information we collect from you and clarifies when we are a controller or a processor of your Personal Information.If you are a Candidate, when you apply to a role advertised on our Platforms, we are Processing your job application (and any Personal Information included within that application) on behalf of the Advertiser to whom you are applying.

  • The utility chooses to activate a more stringent stage of Schedule 14.1- Staged Mandatory Reductions and Drought Surcharges.

  • Under Permanent Water Conservation Requirements and Level 1 and Level 2 Water Conditions and Mandatory Reductions, hand-watering landscapes is allowed after 5:00 p.m. to 10:00 a.m. on Sunday, Monday, Tuesday, Wednesday, Thursday, and Saturday.

  • Finally, the amendment rewords some of the language in the Petitions for Mandatory Reductions of Street Setbacks and Adopted Plan sections to clarify the intent of those provisions.

Related to Mandatory Reductions

  • 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.

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such 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 Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • 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.

  • 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 Reporter means any public or private official who:

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

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

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

  • Salary reduction plan means a benefit plan whereby state and

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

  • 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.

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

  • Grandfathered Amounts means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement.

  • Mandatory Requirements means those requirements described herein, which shall be fully satisfied in order for any Proposal to be considered by the City as a qualified Proposal.

  • Mandatory Policies means the following of our business policies and codes:

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

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

  • Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).

  • 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;

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

  • 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).

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

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