Reduction Limit definition

Reduction Limit means, in any 12 month period, $10 billion, subject to the adjustments provided below: (i) if the Initial Period Balance is less than the amount of aggregate deposits under the 2013 I▇▇ as of immediately prior to the Closing (the “Closing Balance”), the Reduction Limit will be reduced by the difference between the Closing Balance and the Initial Period Balance, beginning with the Reduction Limit in the first 12 month period from and after July 1, 2021, with the remainder of any such reduction carrying over into any subsequent 12 month periods from and after July 1, 2022 (for example, if such difference is $20 billion, the Reduction Limit will be reduced to $0 until July 1, 2023); (ii) if the Initial Period Balance is greater than the Closing Balance, the Reduction Limit for the 12 month period from and after July 1, 2021 (and subject to carryover only to the extent permitted by clause (iii) below) will be increased by the difference between the Initial Period Balance and the Closing Balance; and (iii) if, in any 12 month period, the amount of the Fixed Rate Obligation Amounts maturing in such 12 month period (the “Available Maturity Amount”) is less than $10 billion (as adjusted in the same manner as the Reduction Limit is adjusted in Section 5(d)(i) and Section 5(d)(ii)) for such 12 month period, then the Reduction Limit in the subsequent 12 month period will be increased by the difference between $10 billion (as adjusted in the same manner as the Reduction Limit is adjusted in Section 5(d)(i) and Section 5(d)(ii)) for such initial 12 month period and the greater of (x) the Available Maturity Amount and (y) the actual amount of the Reduction Limit utilized by Schwab in such 12 month period (for example, assuming no adjustments from 5(d)(i) and 5(d)(ii), (i) if the Available Maturity Amount for the applicable 12 month period is $6 billion, and $7 billion of the Reduction Limit is utilized for such 12 month period (as a result of Schwab using $1 billion from funds not deployed into Fixed Rate Obligation Amounts), $3 billion would be carried forward and added to the Reduction Limit for the next 12 month period, and (ii) if the Available Maturity Amount for the applicable 12 month period is $6 billion, and $6 billion or less of the Reduction Limit is utilized, $4 billion would be carried forward and added to the Reduction Limit for the next 12 month rolling period). Notwithstanding anything herein to the contrary, during the Exempt Period, the Reduction Limit...
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Reduction Limit means an amount equal to no less than twenty-five percent (25%) of the amount of the Letter of Credit required on the Lease Date.
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Reduction Limit means Zero Dollars ($0).
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Examples of Reduction Limit in a sentence

  • In the event that Total Third Party Payer Opt-Out Purchases exceed the Third Party Payer Threshold Amount (as that term is defined in Rider A to this Settlement Agreement), then the Third Party Payer Settlement Fund shall be reduced by the Third Party Payer Fund Reduction Amount, up to the Settlement Reduction Limit.

  • After such time as the Reduction Limit applicable to the Purchaser Group has been reached, the Exercise Price with respect to any further exercises of Subject Warrants by members of the Purchaser Group shall again be $0.20 per share of Common Stock.

  • In the event Buyer waives its objections and elects to purchase the Property or in the event the Reduced Value is in excess of $100,000 but less than the Reduction Limit, the Purchase Price shall be reduced by the Reduced Value up to the Reduction Limit (but shall not be reduced if the Reduced Value is less that $100,000).

  • Seller shall have five (5) Business Days after receipt of Buyer's notice to advise Buyer and Escrow Holder, in writing, as to whether Seller shall cure said objections prior to the Closing or cure such objections to the extent that the Representation Reduced Value following such cure does not exceed the Representation Reduction Limit.

  • Seller shall have five (5) Business Days after receipt of Buyer's notice to advise Buyer and Escrow Holder, in writing, as to whether Seller shall cure said objections prior to the Closing or cure such objections to the extent that the Reduced Value following such cure does not exceed the Reduction Limit.

  • In the event Buyer waives its objections and elects to purchase the Property or in the event the Representation Reduced Value is in excess of $100,000 but less than the Representation Reduction Limit, the Purchase Price shall be reduced by the Representation Reduced Value up to the Reduction Limit (but shall not be reduced if the Representation Reduced Value is less that $100,000).


More Definitions of Reduction Limit

Reduction Limit means One Million Four Hundred Fifty Thousand Dollars ($1,450,000.00).
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Related to Reduction Limit

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • 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.

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

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).