Special Reduction Amount definition

Special Reduction Amount. An amount equal to (i) with respect to an Initial Credit Agreement Mandatory Reduction Amount, an amount equal to the lesser of (x) the Weighted Average Advance Reduction Amount, and (y) the Pro Rata 2007-A Reduction Amount, and (ii) with respect to (A) any Credit Agreement Optional Reduction Amount, and (B) any Credit Agreement Mandatory Reduction Amount arising after the initial renewal and extension of the Credit Agreement following the Third Amendment and Restatement Effective Date (other than any Initial Credit Agreement Reduction Amount), an amount equal to the Pro Rata 2007-A Reduction Amount, in each case, minus amounts paid to the Administrative Agent and applied in the manner set forth in Section 2.8.
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Special Reduction Amount. An amount equal to (i) with respect to an Initial Credit Agreement Mandatory Reduction Amount, an amount equal to the lesser of (x) the Weighted Average Advance Reduction Amount, and (y) the Pro Rata CS VII Reduction Amount, and (ii) with respect to (A) any Credit Agreement Optional Reduction Amount, and (B) any Credit Agreement Mandatory Reduction Amount arising after the initial renewal and extension of the Credit Agreement following the New Effective Date (other than any Initial Credit Agreement Reduction Amount), an amount equal to the Pro Rata CS VII Reduction Amount.
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Examples of Special Reduction Amount in a sentence

  • On the Optional Sale Date (with respect to Optional Sales) and on or prior to the Special Reduction Amount Date (with respect to Special Reduction Amounts), the Seller shall remit to the Administrative Agent the Optional Sale Proceeds or Special Reduction Amount, as applicable, for payment to reduce Advances Outstanding, related accrued Interest, Breakage Costs and Hedge Breakage Costs.

  • On the Optional Sale Date (with respect to Optional Sales) and or prior to the Special Reduction Amount Date (with respect to Special Reduction Amounts), the Seller shall remit to the Administrative Agent the Optional Sale Proceeds or Special Reduction Amount, as applicable, for payment to reduce Advances Outstanding, related accrued Interest, Breakage Costs and Hedge Breakage Costs.

  • Pursuant to that certain Waiver dated as of July 27, 2009, that certain Waiver Extension dated as of July 31, 2009, that certain Second Waiver Extension dated as of July 31, 2009 and that certain Third Waiver Extension dated as of August 7, 2009, the due date for payment of the Applicable Special Reduction Amount was extended to August 28, 2009.

  • The parties hereto acknowledge and agree that, pursuant to Section 2.8 of the Agreement, Borrower was obligated to pay to the Administrative Agent a Special Reduction Amount equal to $15,672,086.00 on the Special Reduction Amount Date that occurred on July 27, 2009 (the “Applicable Special Reduction Amount”).

  • The parties hereto acknowledge and agree that, pursuant to Section 2.8 of the Agreement, Borrower was obligated to pay to the Administrative Agent a Special Reduction Amount equal to $30,095,012.60 on the Special Reduction Amount Date that occurred on July 27, 2009 (the “Applicable Special Reduction Amount”).