First Reduction Date definition
Examples of First Reduction Date in a sentence
On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced in accordance with the reduction schedule set out in Schedule 3.
On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by two million five hundred thousand Dollars ($2,500,000), which shall leave the Final Balloon Payment as being payable on the Termination Date.
Effective as of the First Reduction Date, the Commitment Amount of U.S. Bank is hereby reduced from $135,000,000 to $80,000,000.
On the First Reduction Date and on each of the Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced by five million two hundred thousand Dollars ($5,200,000), which shall leave the Final Balloon Payment as being payable on the Termination Date.
On the First Reduction Date and on each of the fifteen Subsequent Reduction Dates the amount of the Facility available for drawing shall be reduced in accordance with the schedule of reductions set forth in Schedule 8.