Reduction Amount definition

Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

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Reduction Amount means the amount by which a Reducing Percentage Lender’s outstanding Loans decrease as of any Commitment Increase Effective Date (without regard to the effect of any borrowings made on such Commitment Increase Effective Date after giving effect to the Commitment Increase occurring on such Commitment Increase Effective Date).

Reduction Amount has the meaning specified in Section 2.06(b)(iv).

Examples of Reduction Amount in a sentence

Spread: 0.75% Prepayment: Not Applicable Variable Obligation: Not Applicable Forward Price Reduction Dates: As set forth on Schedule I Forward Price Reduction Amounts: For each Forward Price Reduction Date, the Forward Price Reduction Amount set forth opposite such date on Schedule I.
Forward Price: (a) On the Effective Date, the Initial Forward Price; and (b) on each calendar day thereafter, (i) the Forward Price as of the immediately preceding calendar day multiplied by (ii) the sum of one (1) and the Daily Rate for such day; provided that, on each Forward Price Reduction Date, the Forward Price in effect on such date shall be the Forward Price otherwise in effect on such date, minus the Forward Price Reduction Amount for such Forward Price Reduction Date.
If upon termination of the Partnership an unapplied balance of the Reduction Amount remains, the General Partner and the Manager will not be required to repay any amount of previously paid Management Fees.
The Reduction Amount shall be applied to reduce the Management Fees payable on such date (but not to an amount below zero) and to the extent not so applied shall be carried forward for application against future installments of Management Fees until such cumulative Reduction Amount is fully utilized in reducing Management Fees.

More Definitions of Reduction Amount

Reduction Amount shall have the meaning specified in Section 3(c) hereof.

Reduction Amount has the meaning set forth in Section 2.04(b)(vi).

Reduction Amount means the amount by which a Reducing Percentage Lender’s outstanding Loans decrease as of a Commitment Increase Effective Date (without regard to the effect of any borrowings made on such Commitment Increase Effective Date after giving effect to the Commitment Increase).

Reduction Amount. As defined in Section 4.01(b).

Reduction Amount has the meaning set forth in the definition of “Cumulative Credit.”

Reduction Amount has the meaning set forth in the definition of “Triggering Sale”.

Reduction Amount shall be equal to the sum of (A) the Credit Shortfall multiplied by 64% and (B) the amount of any recapture, interest or penalty payable by the limited partners of the Investment Partnership (assuming pass through of all such liability in the year incurred and a tax rate equal to the maximum individual rate applicable in such year) as a result of the Credit Shortfall for such year. Any reduction in Capital Contribution shall first be applied to reduce the Installment next due to be paid by the Investment Partnership, and any portion of such reduction in excess of such Installment shall be applied to reduce succeeding Installments. If no further Installments are due to be paid, then the entire amount of such reduction shall be repaid by the Partnership to the Investment Partnership promptly after demand is made therefor. The General Partner is obligated to provide such funds to the Partnership as shall be necessary to cause the aforesaid payment to be made by the Partnership to the Investment Partnership.