Reduction definition
Examples of Reduction in a sentence
If more than one method of reduction will result in the same economic benefit, the items so reduced will be reduced pro rata (the “Pro Rata Reduction Method”).
This letter constitutes a Reduction Notice pursuant to Section 2.02(d) of the Agreement.
Capitalized terms used in this Reduction Notice and not otherwise defined herein shall have the meanings assigned thereto in the Agreement.
For the avoidance of doubt, if an Advance Rate Reduction Trigger Date has occurred with respect to more than one of the Senior Notes or Senior Secured Notes that constitute the Reference Debt that remains outstanding at the same time, the implementation of the Incremental Maturity Date Fixed Holdback shall not be additive (but shall continue to apply until it ceases to apply pursuant to the terms of Section 8.10(b).
If the Vendor Representative fails to deliver the Objection Notice within the Review Period, the Purchaser's Final Closing Statement shall be deemed to have been accepted by the Vendors and shall be final and binding and used in computing the Post-Closing Reduction Amount or Post-Closing Increase Amount, as applicable.