Reduction Fee definition

Reduction Fee is defined in Section 2.3(a).

Reduction Fee has the meaning set forth in the Fee Letter.

Reduction Fee has the meaning set forth in the Fee Agreement.

Examples of Reduction Fee in a sentence

• The County shall pay to the Purchaser a Reduction Fee or Termination Fee in connection with each permanent reduction or termination of the Available Commitment or Commitment, as applicable, pursuant to Section 2.01(h) of the Agreement occurring after the date hereof and prior to the first anniversary of the Extension Date, in an amount equal to the Reduction Fee or Termination Fee, as applicable, payable on the date of such termination or each such reduction.

• Course Reduction Fee $350 if course is cancelled within three weeks of the date of the first class, plus the pro-rated amount for classes taught if the course is cancelled after classes begin.

• The County shall pay to the Purchaser a Reduction Fee or Termination Fee in connection with each permanent reduction or termination of the Available Commitment or Commitment, as applicable, pursuant to Section 2.01(h) of the Agreement prior to the first anniversary of the Effective Date, in an amount equal to the Reduction Fee or Termination Fee, as applicable, payable on the date of such termination or each such reduction.

• If applicable when the Equipment is returned, the Customer will pay ORIX additional charges to cover (a) extra days beyond the Term (b) extra kilometres beyond those specified in the Rental Schedule (c) any extra Collision Damage Waiver Reduction Fee (“CDWRF”) (d) Fridge Engine Hours (e) Damage Costs and (f) Delivery or Collection Charges reasonably incurred by ORIX.

• The Borrower agrees to pay the Reduction Fee to the Administrative Agent in the amounts and at the times required by Section 3.2(b) of the Participation Agreement; provided the Administrative Agent agrees, for the convenience of the Borrower, that such requirement to pay the Reduction Fee shall be satisfied upon the Lessee’s payment of such fee when due in accordance with the Participation Agreement.

More Definitions of Reduction Fee

Reduction Fee means an amount equal to the product of (A) the Applicable Spread in effect on the date of the permanent reduction of the Commitment pursuant to Section 2.01(h)(i) of the Agreement, (B) the difference between (x) the Available Commitment (without regard to any reductions thereto that may become subject to reinstatement) prior to such permanent reduction and (y) Available Commitment (without regard to any reductions thereto that may become subject to reinstatement) after such permanent reduction and (C) a fraction, the numerator of which is equal to the number of days from and including the date of such permanent reduction to and including the one year anniversary of the Extension Date, and the denominator of which is 360.

Reduction Fee means a payment to the Bank of 3 percent (3%) of the principal amount of any reduction of the Commitment by the Borrower during the period ending at the close of business of the day immediately prior to the Termination Date, other than by reason of a Non-Premium Event or the occurrence of the Termination Date.

Reduction Fee means a payment to the Lenders with respect to any reduction of the Revolving Credit Commitments by the Borrower, with respect to which a Reduction Fee is due pursuant to Section 1.5, of three percent (3%) of the amount of the reduction if it occurs in the first year, two percent (2%) of the amount of the reduction if it occurs in the second year, and one percent (1%) of the amount of the reduction if it occurs in the third year.

Reduction Fee has the meaning set forth in the Lender Fee Letter. “Register” has the meaning assigned to such term in Section 10.07(c)(iv). “Reimbursed Taxes” means Taxes other than Excluded Taxes.

Reduction Fee means an amount equal to the product of (A) the Commitment Fee Rate in effect on the date of the permanent reduction of the Commitment pursuant to Section 2.7(a) hereof, (B) the difference between (x) the Available Commitment (without regard to any Revolving Loans outstanding) on the date of such reduction and (y) the Available Commitment (without regard to any Revolving Loans outstanding) after the reduction and (C) a fraction, the numerator of which is equal to the number of days from and including the date of such reduction to and including the date which is twelve (12) months following the Effective Date, and the denominator of which is 360.

Reduction Fee means a nonrefundable fee with respect to any permanent reduction of the Facility Amount pursuant to Section 2.5(a) equal to, if such reduction occurs:

Reduction Fee. In respect of any reduction or termination of Commitment pursuant to Section 2.17, if such reduction or termination is made on or prior to the date that is (i) the one (1) year anniversary of the Closing Date (the “First Reduction Fee Period”), a fee equal to 0.50% of the aggregate amount of such reduction or termination of the Commitment, (ii) the two (2) year anniversary of the Closing Date (the “Second Prepayment Fee Period”) but after the First Prepayment Fee Period, a fee equal to 0.25% of the aggregate amount of such reduction or termination of the Commitment, and (iii) on or after the Second Prepayment Fee Period, a fee equal to zero.