Optional Reductions definition

Optional Reductions has the meaning given in Section 2.1(b)(ii).
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Examples of Optional Reductions in a sentence

  • Unless the prepayment notice is revoked in accordance with Section 2.1.3 [Optional Reductions], the principal amount of the Loans for which a prepayment notice is given, together with interest on such principal amount except with respect to Loans to which the Base Rate Option applies, shall be due and payable on the date specified in such prepayment notice as the date on which the proposed prepayment is to be made.

  • Optional Reductions of Commitment.....................................................20 Section 2.17.

  • Except as set forth in Section 2.1.3 [Optional Reductions], all prepayment notices shall be irrevocable.

  • Revolving Credit Loan prepayments shall not result in a reduction of the Revolving Credit Commitments unless the Borrowers have so elected pursuant to Section 2.1.3 [Optional Reductions], or as may otherwise be provided in this Agreement.

  • Notwithstanding anything contained herein to the contrary, and to the extent applicable, the Grantee shall not be considered to have experienced a Termination of Affiliation for the purposes of Section 3 of this DIP Award Agreement unless the Grantee would be considered to have incurred a “separation from service” within the meaning of Section 409A of the Code.

Related to Optional Reductions

  • Aggregate Reduction has the meaning specified in Section 1.3.

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

  • Salary reduction plan means a benefit plan whereby state and

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Reduction means measures designed to reduce or eliminate human exposure to lead-based paint hazards through methods including interim controls and abatement.