Reduction Date definition

Reduction Date has the meaning set forth in Section 20.1B.

Reduction Date has the meaning set forth in Section 5.6.C hereof.

Reduction Date as defined in Section 2.11(b).

Examples of Reduction Date in a sentence

• The Borrower shall ensure that sufficient Advances under the Reducing Revolving Facility are repaid or prepaid on a Reducing Revolving Reduction Date to the extent necessary so that the aggregate of the outstanding Advances under the Reducing Revolving Facility (after that repayment) is equal to or less than the reduced amount of the Total Reducing Revolving Commitments.

• On the Final Reduction Date (without prejudice to any other provision of this Agreement), the Total Revolving Credit Facility Commitments shall be reduced to zero and shall be repaid in full.

• If the Total Revolving Credit Facility Commitments has been partially reduced/cancelled under this Agreement (other than under clause 6.1) then the amount of each remaining scheduled reduction by which the Total Revolving Credit Facility Commitments shall be reduced under clause 6.1 on any such Reduction Date (as reduced by any earlier operation of this clause 6.3) shall be reduced pro rata to such reduction in the Total Revolving Credit Facility Commitments.

• The Borrower shall ensure that sufficient Advances under the Accordion Facility are repaid or prepaid on an Accordion Reduction Date to the extent necessary so that the aggregate of the outstanding Advances under the Accordion Facility (after that repayment) is equal to or less than the reduced amount of the Total Accordion Facility Commitments.

• To the extent not previously reduced, the Total Revolving Credit Facility Commitments shall be reduced on each Reduction Date by such amount as set out in Schedule 7 ( Repayment Schedule), as may be revised by clauses 5.5 (Currency and amount), 6.3 and 7.16.

More Definitions of Reduction Date

Reduction Date has the meaning set forth in Section 12.01(a)(iv).

Reduction Date means each date falling at consecutive six monthly intervals after the first Drawdown Date.

Reduction Date shall have the meaning given in Section 2.12(c) hereof.

Reduction Date means the date falling five (5) years after the Execution Date and each date falling at consecutive six monthly intervals thereafter.

Reduction Date means September 30, 1999 and each Quarterly Payment Date thereafter.

Reduction Date means December 31, 2021.

Reduction Date means any Business Day on which the Borrower reduces the Aggregate Commitment pursuant to Section 2.03.