Proposed Reduction Date definition
Proposed Reduction Date has the meaning set forth in Section 1.3.
Proposed Reduction Date. As defined in Section 1.3(a).
Proposed Reduction Date has the meaning assigned to that term in Section 2.03.
Examples of Proposed Reduction Date in a sentence
Such Reduction Notice shall (i) be prepared in accordance with the most recent Settlement Report, and (ii) designate (x) the Proposed Reduction Date, and (y) the amount of Aggregate Principal to be reduced (the “Aggregate Reduction”) which shall be at least $1,000,000 or integral multiples of $100,000 in excess thereof.
More Definitions of Proposed Reduction Date
Proposed Reduction Date has the meaning set forth in Section 1.3. ----------------------- -----------
Proposed Reduction Date. As defined in Section 1.3(a). PUC: The Commonwealth of Pennsylvania Public Utility Commission.
Proposed Reduction Date. As defined in Section 3.2(b).
Proposed Reduction Date has the meaning set forth in Section
Proposed Reduction Date has the meaning set forth in Section 1.3(b). “Proxy Categories” means each of the COD/CIA Receivable Proxy, the Rebates Proxy and the Trade Payables Proxy. “Proxy Category Termination Date” means, with respect to any Proxy Category, the date (if any) selected by the Administrative Agent in its sole discretion for which the related Proxy Category shall no longer be used. “Proxy Percentages” means each of the COD/CIA Proxy Percentage, the Rebates Proxy Percentage and the Trade Payables Proxy Percentage. “Rebates Contra” means any rebate amounts provided by an Originator to an Obligor of any Pool Receivables in the form of a credit memo or any other reduction or cancellation of any portion of the Outstanding Balance of a Receivable. “Rebates Proxy” means, as of any date of determination, an amount equal to the product of (i) the Rebates Proxy Percentage at such time, times (ii) the aggregate Outstanding Balance of all Receivables at such time in the Receivables Pool. “Rebates Proxy Percentage” means, initially, 1.44%; provided, however, that such percentage may be adjusted by the Administrative Agent in its sole discretion upon not less than ten (10) Business Days’ notice to the Borrower following receipt by the Administrative Agent of any Review, to reflect the percentage that the Administrative Agent reasonably believes results in the Rebates Proxy approximating the aggregate amount of the Rebates Contra. “Receivable” means any right to payment of a monetary obligation, whether or not earned by performance, owed to any Originator or the Borrower (as assignee of an Originator), whether constituting an account, chattel paper, payment intangible, instrument or general intangible, I-26 Credit and Security Agreement 756752741 23728593
Proposed Reduction Date. [Date] (which is a Settlement Date).
Proposed Reduction Date has the meaning set forth in SECTION 1.3. Exh. I-14