Scheduled Commitment Reduction Date definition

Scheduled Commitment Reduction Date shall have the meaning provided in Section 3.03(c).

Scheduled Commitment Reduction Date shall have the meaning provided in Section 3.03(b).

Scheduled Commitment Reduction Date means the first Business Day of each January, April, July and October.

Examples of Scheduled Commitment Reduction Date in a sentence

• On each Scheduled Commitment Reduction Date, the Commitments will be permanently reduced by the Commitment Reduction Amount applicable to such Scheduled Commitment Reduction Date.

• Accrued Commitment Commission shall be due and payable quarterly in arrears on each Scheduled Commitment Reduction Date and on the Maturity Date (or such earlier date upon which the Total Commitment is terminated).

• Any such reduction shall be in an aggregate amount of $1,000,000 or integral multiples thereof and shall be applied pro rata against the reductions required on each Scheduled Commitment Reduction Date.

• The Total Commitments shall be reduced and cancelled by an amount of $75,000,000 on each Scheduled Commitment Reduction Date, and shall be reduced to zero and cancelled on the Termination Date.

More Definitions of Scheduled Commitment Reduction Date

Scheduled Commitment Reduction Date means each date upon which any Scheduled Commitment Reduction is to occur.

Scheduled Commitment Reduction Date has the meaning specified in Section 2.08(c).

Scheduled Commitment Reduction Date means May 4, 2004.

Scheduled Commitment Reduction Date means each of December 1, 2003, June 1, 2004 and December 1, 2004.

Scheduled Commitment Reduction Date means July 31, 2012 and every six (6) Months thereafter prior to the Termination Date.

Scheduled Commitment Reduction Date appearing in said Section in their entirety and (ii) inserting in appropriate alphabetical order the following new definitions:

Scheduled Commitment Reduction Date means the last day of each fiscal quarter commencing June 30, 2011.