Proposed Reduction Date definition

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

Proposed Reduction Date. As defined in Section 1.3(a).

Proposed Reduction Date has the meaning assigned to that term in Section 2.03.

Examples of Proposed Reduction Date in a sentence

• Notwithstanding the foregoing, the Aggregate Reduction will not be made if the Amortization Date shall have occurred for any reason on or prior to the Proposed Reduction Date.

• In addition to Seller’s rights pursuant to Section 1.3, Seller shall have the right (after providing written notice to Agent and each Purchaser Agent at least three (3) Business Days prior to the Proposed Reduction Date), at any time following the reduction of the Aggregate Capital to a level that is less than 10.0% of the Purchase Limit as of the date hereof, to repurchase from the Purchasers all, but not less than all, of the Asset Portfolio on any Settlement Date.

• Only one (1) Reduction Notice with respect to any Proposed Reduction Date shall be outstanding at any time.

• Borrower shall not make a request for more than one (1) Proposed Reduction Date, and no more than one (1) Aggregate Reduction shall occur, during any calendar week.

• Such Reduction Notice shall (i) be prepared in accordance with the most recent Settlement Report, and (ii) designate (x) the Proposed Reduction Date, and (y) the amount of Aggregate Principal to be reduced (the “Aggregate Reduction”) which shall be at least $1,000,000 or integral multiples of $100,000 in excess thereof.

More Definitions of Proposed Reduction Date

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

Proposed Reduction Date. As defined in Section 1.3(a). PUC: The Commonwealth of Pennsylvania Public Utility Commission.

Proposed Reduction Date. As defined in Section 3.2(b).

Proposed Reduction Date has the meaning set forth in Section 1.3. FIFTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT

Proposed Reduction Date has the meaning set forth in Section 1.3(b). “Receivable” means any right to payment of a monetary obligation, whether or not earned by performance, owed to any Originator or the Borrower (as assignee of an Originator), whether constituting an account, chattel paper, payment intangible, instrument or general intangible, in each instance arising in connection with the sale of goods that have been or are to be sold or for services rendered or to be rendered, and includes the obligation to pay any service charges, finance charges, interest, late payment charges, if any, fees and other charges with respect thereto; provided, however, that “Receivable” does not include any Excluded Receivable. Any such right to payment arising from any one transaction, including any such right to payment represented by an individual invoice or agreement, shall constitute a Receivable separate from a Receivable consisting of any such right to payment arising from any other transaction. “Receivables Pool” means, at any time of determination, all of the then outstanding Receivables owned by the Borrower. “Recipient” means the Administrative Agent or any Lender. “Records” means, with respect to any Receivable, all Contracts and other documents, books, records and other information (including, without limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) relating to such Receivable, any Related Security therefor and the related Obligor. “Reduction Notice” has the meaning set forth in Section 1.3(b). “Register” has the meaning set forth in Section 10.2. “Regulatory Change” has the meaning set forth in Section 8.3(a). “Related Entity” has the meaning set forth in Section 5.1(l). “Related Security” means, with respect to any Receivable: (i) all right, title and interest (if any) in the goods, the sale of which gave rise to such Receivable, and any and all insurance contracts with respect thereto, (ii) all other Security Interests or Liens and property subject thereto from time to time, if any, purporting to secure payment of such Receivable, whether pursuant to the Contract related to such Receivable or otherwise, together with all financing statements and security agreements describing any collateral securing such Receivable, (iii) all guaranties, letters of credit, insurance and other supporting obligations, agreements or arrangements of whatever character from time to time supporting or securing payment of such Receivable...

Proposed Reduction Date has the meaning set forth in SECTION 1.3. Exh. I-14

Proposed Reduction Date. As defined in Section 1.3(a). Purchase: An Incremental Purchase or a Reinvestment. Purchase Date: Each Business Day on which a Purchase is made hereunder. Purchase Limit: $80,000,000 in February through and including August, and $40,000,000 in September through and including January.