Automatic Reduction definition

Automatic Reduction has the meaning ascribed to such term in Section 2.09(f).

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Automatic Reduction is defined in Section 2.1 hereof.

Examples of Automatic Reduction in a sentence

The Automatic Reduction shall not count against the number of special determinations permitted under Section 4.03 of the Original Credit Agreement.
Further, the Automatic Reduction shall be in addition to the scheduled redeterminations of the Borrowing Base per Section 4.02 of the Original Credit Agreement, regardless of whether any scheduled redetermination occurs prior to, concurrently with or after this Borrowing Base reduction.
If [FMS Partner] agrees to a decrease, and if the grounds for the decrease continue to be applicable, DSCA will demand a decrease in the amount of the SBLC and Confirmation by presenting a Demand for Automatic Reduction (Annex G).
No Automatic Reduction or Voluntary Reduction in the Viacom Reserve Amount shall, of itself, constitute, cause or require a reduction in the amount of the Revolving Commitments, voluntary reductions to which are covered by the provisions of paragraphs (d) and (e) of this Section.
Automatic Reduction of New Secured Debt Secured by the Collateral 87 Section 4.26.