Reduction Certificate definition
Examples of Reduction Certificate in a sentence
The Trustee hereby agrees to deliver a Reduction Certificate substantially in the form of an Annex to the Servicer Letter of Credit, appropriately completed to the Letter of Credit Bank after each Reset Date if doing so would have the effect of reducing the Servicer Letter of Credit Amount as then in effect.
The booklet published by the United States Environmental Protection Agency “Protect Your Family From Lead in Your Home”; the booklet “Lead Poisoning Prevention: Notice of Resident’s Rights”; and a Risk Reduction Certificate evidencing the fact that the Owner has undertaken certain measures to reduce the risks associated with lead- based paint.
Without derogating from the generality of the foregoing, the Principal Amount may be reduced following receipt by us of a Reduction Certificate issued by the Accountant General, or anyone on her behalf, in the format attached as Annex 1, by the amount stipulated therein, and in accordance with the provisions thereof.
The Letter of Credit will terminate upon the earlier of (i) the date upon which, as a result of the submission to the Bank by Caliper of a Draw Certificate or a Reduction Certificate pursuant to the Letter of Credit, the Stated Amount of the Letter of Credit is reduced to zero; and (ii) August 26, 2003.
Commencing as of the second (2nd) Lease Year, and during January of each succeeding Lease Year, Tenant shall have the right to give Landlord a written request for a Reduction Certificate, and within fifteen (15) days following the effective date of such request, Landlord shall deliver to Tenant either a Reduction Certificate or written notice of any defaults) by Tenant under n this Lease, the existence of which permits Landlord to refuse to deliver the Reduction Certificate as requested.
In the event that the Additional Cost Reductions shown on the Cost Reduction Certificate have not been achieved by December 31, 2002, then NewCo shall reimburse IRI a pro rata portion of the [**] bonus payment.
Upon the effectiveness of such reduction, the Trustee shall deliver to the Equity Letter of Credit Issuer the Reduction Certificate attached to the Equity Letter of Credit.
The Corporation shall indicate its agreement with the amount of any such reduction in the available amount under the letter credit by countersigning the Reduction Certificate.
Borrower shall deliver a Subordinated Indebtedness Reduction Certificate prior to making any payments of Subordinated Indebtedness principal.
In addition, the Bank may, subject to the provisions of this Section, reduce the Credit Amount of the Letter of Credit from time to time by presentation to the Trustee of a Reduction Certificate.