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

• On the Effective Date, the Initial Forward Price, and on any other day, the Forward Price as of the immediately preceding calendar day, multiplied by the sum of (i) 1 and (ii) 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.

• With respect to any Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable, calculated for purposes of determining (i) the Voting Rights of the related Classes for purposes of removal of the Special Servicer or the Operating Advisor or (ii) the Controlling Class or the occurrence and continuance of a Control Termination Event or an Operating Advisor Consultation Event, the appraised value of the related Mortgaged Property shall be determined on an “as is” basis.

• In addition, the Borrowers, in accordance with Section 6.13(c), shall permanently reduce the Aggregate Commitment by the applicable Substantial Portion Commitment Reduction Amount, with such reduction occurring on the consummation date for any lease, sale or disposition of a Substantial Portion of Property, and with such reduction being shared ratably among the Lenders.

• With respect to reduction payments to be made during any Reduction Month, the Seller hereby agrees to make each Required Reduction Payment on each Reduction Amount Payment Date.

• In addition, our review of the net present value calculations and Appraisal Reduction Amount calculations is limited to the mathematical accuracy of the calculations and the corresponding application of the non-discretionary portions of the applicable formulas, and as such, does not take into account the reasonableness of the discretionary portions of such formulas.

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 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.