Reduction Increment definition

Reduction Increment means an amount equal to the lesser of (a) fifteen percent (15.00%) of the initial amount of the Security Deposit or (b) the excess of the then amount of the Security Deposit over the Reduction Limit.
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Reduction Increment means an amount equal to the lesser of (1) thirty-five percent (35.00%) of the amount of the LOC as required in Paragraph 5(f) hereof or (2) the excess of the then amount of the LOC over the Reduction Limit.
Sample 1Sample 2
Reduction Increment means an amount equal to twenty-five percent (25%) of the initial amount of the Letter of Credit. The term "Reduction Limit" shall mean an amount equal to no less than twenty-five percent (25%) of the amount of the Letter of Credit required on the Lease Date. 4.5
Sample 1

Examples of Reduction Increment in a sentence

  • Tenant shall be authorized to deliver a substitute or amended Letter of Credit to Landlord satisfying the requirements set forth in Paragraph 4 and in an amount equal to the Security Deposit as reduced by such Reduction Increment and Landlord shall exchange the prior Letter of Credit for the substitute Letter of Credit in cooperation with the Issuing Bank.

  • The term "Reduction Increment" shall mean an amount equal to twenty-five percent (25%) of the initial amount of the Letter of Credit.

  • Initial Risk Reduction – Nonstructural Measures begin upon appropriation of fundingRisk Reduction Increment II• Electric Barrier• Wide Acoustic Deterrent Array• Complete Control Building• RDB wall connect to lower guidewall• Flushing Lock• Downstream Boat Launch Cost $534,945,00Design & Const.

  • An example of the procedure is shown in Table VII.3 below: Table VII.3 Average Annual Damage Reduction Calculations – Problem Area 1D Event (Years) Exceedance Probability Damage Reduction Probability IncrementMean Damage Reduction Increment This annual damage reduction should be summed over the life of the project by amortizing or reducing the future value each year.

Related to Reduction Increment

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Increase Amount is defined in Section 2.3(a).

  • Incremental Amount means, at any time, the excess, if any, of (a) $200.0 million over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Increment means twelve (12) months of service credit which are purchased. The

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Tax Increment means the difference between:

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).