Reduction Period definition

Reduction Period means a period of time, i.e. specific calendar days and/or hours, within the Product Period in which Cross Zonal Capacities with a reduced amount of MW are offered taking into account a foreseen specific network situation (e.g. planned maintenance, long-term outages);

Reduction Period means the period commencing on the Amendment Effective Date through and including the earliest of (A) December 31, 2020, (B) the date on which the Compensation Committee approves the ending of the Reduction Period, and (C) the date on which the then-current non-executive employees of the Company who were employed by the Company as of March 15, 2020 and whose base salaries were reduced as a result of the COVID-19 pandemic have had their respective annual base salaries returned to at or above their respective annual base salary amounts as of March 15, 2020. Such reduced amounts shall continue to be payable in accordance with Company’s usual practices. Except as explicitly contemplated by this Section 3(g)(i), Employee’s annual base salary rate shall not be subject to decrease at any time during the Employment Period. Employee shall not be entitled to any back-pay or makeup pay as a result of the salary reduction under this Section 3(g)(i) after the end of the Reduction Period.

Reduction Period means, as set forth in Section 2.1.7 below, that twelve (12) month period during which all existing Qualified Projects entered into the Borrowing Base as of the Initial Line Maturity Date shall remain in the Borrowing Base and during which Lender’s obligation to include any new Qualified Projects into the Borrowing Base shall terminate.

Examples of Reduction Period in a sentence

• In this case, the Auction Specification shall include for each Reduction Period information on the duration of the Reduction Period and the amount of Offered Capacities.

• If a Force Majeure event occurs prior to the Reduction Period Start Date, the Reduction Period Start Date will be postponed by the duration of the Force Majeure event.

• If the Force Majeure event occurs during the Reduction Period, then the Reduction Period will be extended accordingly.

• Notwithstanding the foregoing, Tenant shall continue to pay all other amounts due under the Lease in full and observe other covenants and conditions of the Lease during the Reduction Period.

• Effective as of the date following the last day of the Rent Reduction Period, the Annual Minimum Rent shall be modified to equal the amount that is seventy five percent (75%) of the average of the total Annual Rent that would have been payable by Lessee to County during the three (3) year period immediately preceding such effective adjustment date, calculated without consideration of any reduction in the Percentage Rent during such period pursuant to Subsection 4.2.3 below.

More Definitions of Reduction Period

Reduction Period has the meaning ascribed to it in Clause 4.6(a).

Reduction Period means a period of five (5) consecutive Plan Years, the first period beginning January 1,1986 and ending on December 31, 1990.

Reduction Period has the meaning given to it in Section 1.1(a).

Reduction Period means the period starting on 30th September, 2001 and ending on the Termination Date;

Reduction Period means any fiscal quarter if the Total Leverage Ratio on the last day of the immediately preceding fiscal quarter was less than 2.75 to 1.00 but only to the extent that the Term Borrower shall have delivered to the Administrative Agent within 45 days after such last day a certificate of a Financial Officer of the Term Borrower setting forth computations in reasonable detail satisfactory to the Administrative Agent showing that the Total Leverage Ratio was less than 2.75 to 1.00 on such last day.

Reduction Period means the one-time period of eleven consecutive fiscal quarters, commencing with the first quarter of fiscal year 2008.

Reduction Period has the meaning set forth in Appendix G.