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

• Where any such Other Fees are denominated in a currency other than the currency of the Management Fee, the relevant amounts shall be converted into such currency in accordance with the terms of the Fund LPA (or, in the absence thereof, using prevailing market rates) for the purpose of calculating the Reduction Amount.

• Forward Price Reduction Amount per Share: For each Forward Price Reduction Date in each Transaction, the Forward Price Reduction Amount per Share set forth opposite such date on Schedule I to the Supplemental Confirmation, which shall be as specified in the related Forward Placement Notice or Amended Notice, as applicable, for such Transaction.

• Such notice of reduction (1) shall be effective only upon receipt by the Administrative Agent, (2) shall permanently reduce (and, in the case of a reduction in full, shall terminate) the Revolving Commitments of each Revolving Lender on the date specified in such notice and (3) shall specify the Commitment Reduction Amount; provided that no such reduction shall reduce the Total Revolving Commitment below the aggregate principal amount of the Revolving Loans at such time.

More Definitions of Reduction Amount

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

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

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

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 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.