Reduction Date Clause Samples
Reduction Date. Subject to the terms of Section 7, the first Reduction Date pursuant to Section 7.4 shall be November 20, 2013, and subsequent Reduction Dates shall occur on each anniversary of such date for the remainder of the Term.
Reduction Date. 7 Representative...................................... 23
Reduction Date. On the Reduction Date, if not theretofore reduced to the same or a lesser amount, the Revolving Credit Commitments shall be ratably reduced to an aggregate amount of $40,000,000.
(d) Section 5.11 is amended to read as follows:
Reduction Date. 11 Rent .................................................................... 7
Reduction Date. May 2005
Reduction Date. Unless previously cancelled to below such level, the aggregate Commitments shall be reduced to U.S.$55,000,000 on the Reduction Date, with such reduction to be applied pro rata among the Commitments of the Lenders. If as a result of such reduction the aggregate Credit Exposure of the Lenders exceeds the aggregate Commitments, then the Borrower shall immediately pay to the Administrative Agent, for the account of the Lenders, the amount of such excess to be applied (a) as a prepayment of the Loans and Reimbursement Obligations outstanding, and thereafter as Cover for any LC Exposure in an amount of such remaining excess.
Reduction Date. See Section 2.3.1 hereof. Reference Bank. FNBB.
Reduction Date. Effective as of July 1, 2015 (the “Reduction Date”), the Lease is terminated with respect to the Reduction Space and the term “Premises” shall be amended to only include the approximately 34,203 square feet of office space, as depicted in the attached Exhibit A. As of the Reduction Date, Tenant shall surrender possession of the Reduction Space in the condition set forth in Section 15.2 of the Original Lease.