Scheduled Reduction Amount definition

Scheduled Reduction Amount means the amount by which the Borrowing Base shall be reduced each calendar month as determined by the Lenders under Section 2.9(b) from time to time.
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Scheduled Reduction Amount means, in respect of each Reduction Date, the amount by which the Commitments are scheduled to be reduced on that date as determined by the provisions of Schedule 8;
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Scheduled Reduction Amount means, with respect to a particular Reduction Date, the amount opposite such Reduction Date as set forth below: SCHEDULED REDUCTION DATE REDUCTION DATE -------------- -------------- June 30, 2000 $10,000,000 December 31, 2000 $10,000,000 February 28, 2001 $20,000,000 January 2, 2002 $20,000,000 June 30, 2002 $20,000,000 provided, however, that the Scheduled Reduction Amounts shall be subject to adjustment as provided in the definition of "Reduction Amount".
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Examples of Scheduled Reduction Amount in a sentence

  • Notwithstanding the foregoing, the Lenders may at their discretion and by unanimous consent redetermine the Borrowing Base and the Scheduled Reduction Amount at any time and from time to time.

  • Commencing on May 1, 1998, and continuing thereafter on the first day of each calendar month until the earlier of the date such amount is redetermined or the Commitment Termination Date, the Scheduled Reduction Amount shall be $275,000.

  • Commencing on May 1, 1998, and continuing thereafter on the first day of each calendar month until the earlier of the date such amount is redetermined or the Commitment Termination Date, the Scheduled Reduction Amount shall be $525,000.

  • Commencing on July 1, 1998, and continuing thereafter on the first day of each calendar month until the earlier of the date such amount is redetermined or the Commitment Termination Date, the Scheduled Reduction Amount shall be $40,000.


More Definitions of Scheduled Reduction Amount

Scheduled Reduction Amount has the meaning set forth in Section 2.05(c).
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Related to Scheduled Reduction Amount

  • Scheduled Amount means the Day-Ahead Schedule comprised of the quantity (in MWh) of electric energy expected to be produced by the Generating Facility that is scheduled from Seller or Seller’s Scheduling Coordinator to Buyer in a Physical Trade in the IFM.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Unscheduled Rebalance means an unscheduled rebalance occurring on a Valuation Date on which the rebalancing mechanism built in the relevant Index or Investment Strategy in respect of a Series of ETP Securities has been triggered by a change in the price of the corresponding Reference Asset of such Index or Investment Strategy by more than the relevant trigger level for the Index or Investment Strategy in accordance with its methodology.

  • Scheduled Redetermination Date means the date on which a Borrowing Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d).