Reduction Trigger Date definition

Reduction Trigger Date means the date that is sixty (60) calendar days after the Effective Date.
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Reduction Trigger Date means the date that is (x) twelve (12) months after the Closing Date plus (y) the amount of time (if any) that is a delay in progressing development of Product or obtaining FDA Approval due to (i) any action (or inaction) taken (or effected) by Seller (or its Affiliates) at the behest of, or to address the requests of, Purchaser and/or to (ii) any action of FDA in response to any such action (or inaction) taken under clause (i) of this sentence.
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Reduction Trigger Date shall have the meaning specified in the definition of “Second Milestone Payments” as set forth in this Exhibit A.
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Examples of Reduction Trigger Date in a sentence

  • The earliest to occur of (i) the Distribution Date following the Distribution Date on which Class A-7 Component Two receives any amount of principal, (ii) the Distribution Date following the Credit Support Depletion Date and (iii) the Collateral Reduction Trigger Date.

  • Until the first FCCR Reduction Trigger Date, Credit Parties will not permit EBITDA for any Defined Period, as tested quarterly on the last day of each fiscal quarter, commencing with the fiscal quarter ending September 30, 2023, to be less than the corresponding amount set forth in the table below.

  • The earliest date to ------------------------------------ occur of (i) the Distribution Date following the Distribution Date on which the Class A-7-2 Component receives any amount of principal, (ii) the Distribution Date following the Senior Credit Support Depletion Date and (iii) the Collateral Reduction Trigger Date.

  • For any Asset Pool Portion at any Determination Date, the sum of (i) the Credit Enhancement Factor for such Asset Pool Portion minus (ii) 4.00% (or, after the Overcollateralization Reduction Trigger Date, 3.00%).

  • The earliest date to ------------------------------------ occur of (i) the Distribution Date following the Distribution Date on which the Class A-7-1 Component receives any amount of principal, (ii) the Distribution Date following the Senior Credit Support Depletion Date and (iii) the Collateral Reduction Trigger Date.

  • After the occurrence of any Required Reduction Date, if the conditions described in the first sentence shall again occur, there will be another Reduction Trigger Date and Required Reduction Date and the foregoing provisions concerning them shall be applicable.

  • Following the first FCCR Reduction Trigger Date, Credit Parties will not permit the Fixed Charge Coverage Ratio for any Defined Period on each Testing Date to be less than 0.88 to 1.00.

  • Following the first FCCR Reduction Trigger Date, Credit Parties will not permit the Fixed Charge Coverage Ratio for any Defined Period, as tested monthly on the last day of each calendar month (each, a “Testing Date”), to be less than 1.10 to 1.00.

  • Following the first FCCR Reduction Trigger Date, Credit Parties will not permit the Fixed Charge Coverage Ratio for any Defined Period on each Testing Date to be less than 1.10 to 1.00.

  • On a Guaranty Reduction Trigger Date, the liability of the Guarantors will be reduced to their respective Guarantor Pro-Rata Percentage times the Guaranteed Amount as defined in paragraph 1.11.


More Definitions of Reduction Trigger Date

Reduction Trigger Date as defined in subsection 2.6(d).
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Related to Reduction Trigger Date

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

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

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.