Third Reduction Date definition

Third Reduction Date means June 30, 2020.
Sample 1Sample 2
Third Reduction Date means the last day of the twenty-fourth (24th) full calendar month after the Second Reduction Date, and for avoidance of doubt, it is agreed that no measurement of profitability in the prior quarter or quarters shall be applicable in respect to the Third Reduction Date. Tenant shall be deemed to be “Profitable” in a calendar quarter if in that calendar quarter Tenant’s EBITDA (as defined below) was positive. A “Reduction Date”shall mean the First Reduction Date, the Second Reduction Date or the Third Reduction Date, as applicable.
Sample 1
Third Reduction Date shall have the meaning set forth in Section 31.2 hereof.
Sample 1

Examples of Third Reduction Date in a sentence

  • Provided that the Reduction Conditions (as defined below) are true on the applicable Reduction Date, on the First Reduction Date, Tenant shall have the right to reduce the L/C Amount by $351,067.04, on the Second Reduction Date, Tenant shall have the right to reduce the L/C Amount by $351,067.04, and on the Third Reduction Date, Tenant shall have the right to reduce the L/C Amount by $368,751.00.

  • The “Third Reduction Date” shall mean the last day of the twenty-fourth (24th) full calendar month after the Second Reduction Date, and for avoidance of doubt, it is agreed that no measurement of profitability in the prior quarter or quarters shall be applicable in respect to the Third Reduction Date.

  • A “Reduction Date”shall mean the First Reduction Date, the Second Reduction Date or the Third Reduction Date, as applicable.


More Definitions of Third Reduction Date

Third Reduction Date means October 1, 2000.
Sample 1

Related to Third Reduction Date

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

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • extended reduction means a reduction under this scheme for which a person is eligible under Part 12 (extended reductions);

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Class A-2 Final Scheduled Distribution Date means the Distribution Date.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Class A-3 Final Scheduled Distribution Date means January 15, 2021.

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Class A-4 Final Scheduled Distribution Date means December 16, 2024.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Election Date has the meaning specified in Section 312(h).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Class A-2 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.

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

  • Designation Date as defined in Subsection 2.10(f).

  • Activation Date means the date upon which MLBFS shall cause the WCMA Line of Credit to be fully activated under MLPF&S' computer system as part of the WCMA Program.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Class A-1 Final Distribution Date has the meaning set forth in the Sale and Servicing Agreement.