Reduction Factor definition

Reduction Factor means with respect to any given month, the smallest of:

Reduction Factor has the meaning given in the Access Undertaking.

Reduction Factor means the reduction factor determined in accordance with clause 15.

Examples of Reduction Factor in a sentence

• If Nominated Access Rights are intended to be relinquished or transferred under the Relinquishment Provisions or the Transfer Provisions which form part of this Agreement under clause 3, the Reduction Factor must be calculated in accordance with the Reduction Factor Provisions which form part of this Agreement under clause 3.

• The Interruptible Reduction Factor is equal to zero (TR.i = 0) when the Available Technical Capacity is equal to or higher than the sum of the Firm and Interruptible Capacity subscribed by the Shippers.

• The Firm Reduction Factor is equal to zero (TR.f = 0) when the Available Technical Capacity is equal to or higher than the sum of the Firm Capacity subscribed by the shippers.

• The Interruptible Reduction Factor is equal to one (TR.i = 1) when the Available Technical Capacity is equal to or lower than the sum of the Firm Capacity subscribed by the Shippers.

• FMCRFm is the Force Majeure Capacity Reduction Factor for Settlement Month “m” calculated in accordance with Exhibit J.

More Definitions of Reduction Factor

Reduction Factor means for the purposes of Clause 3.3(d): A / B Where: A = the annual train kilometres over the Common Corridor attributable to the New Railway Operator’s Trains that utilise the access rights referred to in Clause 3.3(b) for which the Operator’s Relinquishment Fee is to be reduced; and B = the annual train kilometres over the Nominated Network attributable to the Train Services for which the Operator is seeking to relinquish Access Rights;

Reduction Factor. As used herein, the term "Reduction Factor" shall mean, at our election, (A) a fraction, the numerator of which shall be the number of Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total number of Selections embodied on that Phonograph Record or other device or (B) a fraction, the numerator of which shall be the playing time of the Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total playing time of the Phonograph Record or other device in question. For any Phonograph Record or other device for which a finite running or playing time does not exist, the running or playing time of that Phonograph Record or other device shall be deemed to be one hundred twenty (120) minutes; and

Reduction Factor means, at our election, (A) a fraction, the numerator of which shall be the number of Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total number of Selections embodied on that Phonograph Record or other device or (B) a fraction, the numerator of which shall be the playing time of the Selections contained on the Masters which are embodied on that Phonograph Record or other device and the denominator of which shall be the total playing time of the Phonograph Record or other device in question. For any Phonograph Record or other device for which a finite running or playing time does not exist, the running or playing time of that Phonograph Record or other device shall be deemed to be one hundred twenty (120) minutes; and

Reduction Factor means the lesser of (i) the quotient of the Common Unit Distribution Amount for such quarter divided by the Floor Distribution and (ii) one.

Reduction Factor means the factor or percentage, as determined by the

Reduction Factor means the percentage obtained by dividing (i) the Net Worth Shortfall Amount by (ii) the Required Net Worth Amount.

Reduction Factor means 70/170, which for purposes of these share provisions shall be expressed as a fraction with a numerator calculated to five decimal places and a denominator of one.