Reduction Number definition

Reduction Number has the meaning set forth in Section 4.01(c)(ii) of this Agreement.
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Reduction Number shall be the number equal to the sum of
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Examples of Reduction Number in a sentence

  • On or prior to February 27, 2018, but no earlier than January 3, 2018, Opco shall have the right to sell, and the Investor agrees to purchase, upon no less than fifteen (15) Business Days’ prior written notice to the Investor by Opco (the “First Follow-On Funding Notice”), and on the terms and conditions set forth in this Agreement, up to a number of Convertible Preferred Units equal to the Grace Reduction Number at the Unit Price per Convertible Preferred Unit (the “First Follow-On Funding”).

  • Opco hereby represents and warrants that (i) as of the date hereof, the Grace Preferred Outstanding Amount is $234,116,696.94 and the Grace Reduction Number is 716,481.11, and (ii) consistent with Section 10.15 of the Agreement, the proceeds from the Other Funding Closing contemplated by this combined Follow-On Funding Notice shall be used by Opco exclusively to fund contractual PIP payments and, if applicable, related lender reserves.

  • In accordance with the Unit Agreement pursuant to which this Temporary Global Unit Certificate has been issued, the following exchanges of the number of Units represented by this Temporary Global Unit Certificate have occurred: Date of Reduction Number Reduced by Exchange for a Permanent Unregistered Unit Number of Temporary Global Units Outstanding Following any such Exchange or Reduction Notation Made by or on Behalf of Agent 5 Unregistered Units shall not include cash-settled Warrants.

  • The number of issued shares and the amount of stated capital represented thereby, before and after reduction, is as follows: Before Reduction After Reduction Number of Stated Number of Stated Class Shares Capital Shares Capital ----- ------ ------- ------ ------- Common 600,000 $135,600.00 600,000 $ 60,000.00 14 7.

  • The ‘‘Aggregate Parent Common Stock Number’’ shall mean 2,800,000 less the Stock Reduction Number.

Related to Reduction Number

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

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

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Actual Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

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

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction:

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Allocable Amount has the meaning specified in Section 10.21(d).

  • Closing Amount has the meaning set forth in Section 2.3.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • L/C Amount means the sum of (i) the aggregate face amount of any issued and outstanding Letters of Credit and (ii) the unpaid amount of the Obligation of Reimbursement.

  • Prepayment Distribution Percentage With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below:

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.