Step-Down definition
Step-Down has the meaning given to it in clause 17.5;
Step-Down means a reduction in the Monthly Minimum Price for Milk supplied under this Agreement. Term has the meaning given in section 1.5. Thermoduric means total number of bacteria that have survived pasteurisation and have formed colonies. Total Plate Count or TPC means the concentration of viable micro-organisms in a sample such as bacteria and is measured in cfu/ml (cfu = colony forming unit). TPC Geometric Mean means an 8 week geometric mean calculation of TPC. Quality Standards and Quality Deductions Part 1: Interpretation of Quality Standards Table and Quality Deductions Table
Step-Down means a process, designed to ensure that the amount of credit made available hereunder does not exceed a lifetime limit of $62.7 million over the Project Term, whereby the Maximum Amount available to the RDC under the terms of this Agreement and the Note shall automatically be reduced dollar for dollar by (1) the amount of any advance received by the RDC under the terms of the Note and this Agreement for any purpose contemplated thereby (including but not limited to making payments to the West Lafayette CDC for the benefit of the Joint Board to cover obligations owed to the Developer under the PPA), (2) the amount of Dedicated TIF 2 Revenues paid by the RDC through the State Street Lease Structure and used to make payments to the Developer under the PPA, and (3) the receipt by PRF of funds secured by the University or PRF in exchange for naming rights on the Project as provided in Section 5.9 of the PDA, provided that such funds are applied or reserved for the purpose of covering obligations owed to the Developer under the PPA.
Examples of Step-Down in a sentence
The Step-Down Date must not be a date earlier than the time the Processor’s variation under clause 14.2 occurs, in accordance with section 27 of the Code.
As required by section 28(4)(c) of the Code, a Processor wishing to vary this Agreement under clause 14.2(a) must give the Farmer and the Australian Competition and Consumer Commission 30 days’ written notice of the following: (a) The Step-Down; and (b) the date the step-down will take effect (Step-Down Date).
We will not retrospectively Step-Down the Monthly Minimum Prices during the Term.
We will give you at least 30 days prior written notice of such a Step-Down and include all other details required by the Dairy Code.
The dollar amount of any Overcollateralization Step-Down Amount for a Loan Group will be deducted from the Scheduled Principal Collections Payment Amount for that Loan Group and paid to the Transferor.
More Definitions of Step-Down
Step-Down means a reduction of the Monthly Minimum Prices payable for the Milk you supply in accordance with section Error! Reference source not found.. Stop Fee means the fee Bega will charge you for picking up your Milk at the rate set out in Item 13 of the Details and in accordance with section 2.7.
Step-Down means a reduction of the Monthly Minimum Prices payable for the Milk you supply in accordance with section 2.12(b).
Step-Down means a reduction in the price of milk, whether a prospective step down or retroactive step down (defined in the Code).
Step-Down means the coupon adjustment specified in the Coupon Adjustment Table, as may be applied in accordance with paragraph 3 (Coupon Adjustment Table) below;
Step-Down. . Successful application means that benefits accrued to the date of the reduction will be based on
Step-Down means a reduction in the Monthly Minimum Price for Milk supplied under this Agreement. Supplier means the person or entity (whatever the Business Type) supplying Milk to Bega under this Agreement, and, if applicable, Term has the meaning given in section 1.5. Thermoduric means total number of bacteria that have survived pasteurisation and have formed colonies. Total Plate Count or TPC means the concentration of viable micro-organisms in a sample such as bacteria and is measured in cfu/ml (cfu = colony forming unit). TPC Geometric Mean means an 8 week geometric mean calculation of TPC. Transport Surcharge has the meaning given in Item 13 of the Details. Quality Standards and Quality Deductions Part 1: Interpretation of Quality Standards Table and Quality Deductions Table
Step-Down means a reduction in the Monthly Minimum Price for Milk supplied under this Agreement. Supplier means the person or entity (whatever the Business Type) supplying Milk to Bega under this Agreement, and, if applicable, including the Sharefarmer Supplier whose details are set out on the front page of this Term has the meaning given in section 1.5. Thermoduric means total number of bacteria that have survived pasteurisation and have formed colonies. Total Plate Count or TPC means the concentration of viable micro-organisms in a