Reductions definition

Reductions has the meaning set forth in Section 4.7(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Reductions has the meaning set forth in Section 3.2(c).

Reductions has the meaning set forth in Section 3.2(c). “Referral Date” has the meaning set forth in Section 12.2(a).

Examples of Reductions in a sentence

• Allocations of the principal portion of Debt Service Reductions shall be made by operation of the provisions of Section 4.02(a).

• Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a).

• Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date.

• Reductions to supplementation amounts will be made on a prospective basis only.

• Prior to each Determination Date, the Servicer shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period; and (ii) the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period.

More Definitions of Reductions

Reductions has the meaning set forth in Section 9.5.

Reductions means all deletions, if any, to the 30

Reductions. The US Facility Borrower shall, by notice from an Authorized Representative, have the right from time to time (but not more frequently than once during each fiscal quarter), upon not less than ten (10) Business Days' written notice to the US Facility Agent, effective upon receipt, to reduce the Total US Facility Commitment. The US Facility Agent shall give each US Facility Lender, within one (1) Business Day, telefacsimile notice, or telephonic notice (confirmed in writing), of such reduction. Each such reduction shall be in the aggregate amount of US $10,000,000 or such greater amount which is in an integral multiple of US $1,000,000, or the entire remaining Total US Facility Commitment, and shall permanently reduce the Total US Facility Commitment. No such reduction shall result in the payment of any Eurodollar Rate Loan other than on the last day of the Interest Period of such Loan unless such prepayment is accompanied by amounts due, if any, under Section 6.05. Each such reduction of the Total US Facility Commitment shall be accompanied by payment of the principal amount of US Facility Loans to the extent that the US Facility Outstandings exceed the Total US Facility Commitment, or the US Facility Revolving Credit Outstandings exceed the Total US Facility Revolving Credit Commitment, after giving effect to such reduction, together with accrued and unpaid interest on the amounts prepaid.

Reductions. The Australian Facility Borrowers shall, by notice from an Authorized Representative, have the right from time to time (but not more frequently than once during each fiscal quarter), upon not less than ten (10) Business Days' written notice to the Australian Facility Agent, effective upon receipt, to reduce the Total Australian Facility Commitment. The Australian Facility Agent shall give each Australian Facility Lender, within two (2) Business Days, telefacsimile notice, or telephonic notice (confirmed in writing), of such reduction. Each such reduction shall be in the aggregate amount of AUS $5,000,000 or such greater amount which is in an integral multiple of AUS $1,000,000, or the entire remaining Total Australian Facility Commitment, and shall permanently reduce the Total Australian Facility Commitment. No such reduction shall result in the payment of any Offshore Rate Loan other than on the last day of the Interest Period of such Loan unless such prepayment is accompanied by amounts due, if any, under Section 6.05. Each such reduction of the Total Australian Facility Commitment shall be accompanied by payment of the principal amount of the Australian Facility Loans to the extent that the Australian Facility Outstandings exceed the Total Australian Facility Commitment or the New Zealand Dollar Outstandings exceed the Total New Zealand Dollar Commitment, in each case after giving effect to such reduction, together with accrued and unpaid interest on the amounts prepaid. Any reduction of the Total Australian Facility Commitment hereunder shall result, ipso facto, in a pro rata reduction of the Total New Zealand Dollar Commitment so that, as reduced, the Australian Dollar Equivalent Amount of the Total New Zealand Dollar Commitment shall at all times remain equal to 10% of the Total Australian Facility Commitment.

Reductions the proposed reductions of capital of the Company under section 641 of the UK Companies Act in connection with the Transactions, being (i) the proposed reduction of the Company’s existing share premium account to create sufficient distributable reserves to enable the Company to pay the Al Noor Special Dividend (the “First Reduction of Capital”); and (ii) the proposed cancellation of the Shares tendered and accepted for cancellation under the Al Noor Tender Offer, the reduction of the Company’s then existing share premium account to USD1 billion to enable sufficient capital to be repaid to tendering Al Noor Shareholders pursuant to the Al Noor Tender Offer;

Reductions and “Reduction” have the meaning set out in the Development Schedule.

Reductions means all deletions, if any, to the Specification Works. “Specification Works” means the work to be carried out under this Contract.