Second Reduction Date definition

Second Reduction Date means December 31, 2019.
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Second Reduction Date means 31 August 2003.
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Second Reduction Date means the date falling seventy two (72) months after the Execution Date.
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Examples of Second Reduction Date in a sentence

  • In no event shall the Security Deposit Amount be reduced below $400,000.00 (or such higher amount as may be in effect as of the Second Reduction Date by reason of such an addition).

  • Provided that the Reduction Conditions (as defined below) are true on the applicable Reduction Date, on the First Reduction Date, Tenant shall have the right to reduce the L/C Amount by $351,067.04, on the Second Reduction Date, Tenant shall have the right to reduce the L/C Amount by $351,067.04, and on the Third Reduction Date, Tenant shall have the right to reduce the L/C Amount by $368,751.00.

  • Effective as of December 20, 2002 (the "Second Reduction Date"), the Commitment Amount of Chase is hereby reduced from $65,000,000 to $55,000,000.

  • Prior to the Second Reduction Date, neither Seller nor Mine Owner shall make any Investments other than Permitted Investments; it being understood that, following the Second Reduction Date, there shall be no limit or other restriction on Investments by Seller or Mine Owner.

  • The Agent shall distribute to Chase on the Second Reduction Date, out of any payments made by the Company as set forth above and the proceeds of Loans made by the other Lenders as set forth above, the amount required to reduce Chase's outstanding Loans to its Percentage Share of all outstanding Loans after giving effect to the reduction of its Commitment Amount on the Second Reduction Date.

  • Provided that the conditions set forth above are performed, then as of the First Reduction Date or Second Reduction Date, as applicable, Tenant shall be released from liability for any of its obligations hereunder with respect to the subject Returned Space only.

  • If the outstanding principal balance of all Loans made by Chase as of the Second Reduction Date exceeds Chase's Commitment Amount applicable on such dates, after giving effect to the reduction of Chase's Commitment Amount on such dates, the Company shall repay the Loans made by Chase in the amount of such excess.

  • Effective as of the Second Reduction Date, Tenant's Share of Direct Expenses for the Original Premises shall be reduced to 39.24% based on the Retained Premises consisting of approximately 238,414 rentable square feet and the Building consisting of approximately 607,517 rentable square feet.

  • The Second Escrow Disbursement shall also include a share of the earnings and interest earned on the Escrow Amount through the Second Reduction Date, and after deducting any expenses of the Escrow Agent hereunder, determined by multiplying such amount by a fraction, the numerator of which is the amount of the Second Escrow Disbursement and the denominator of which is $19,875,000.

  • In the event that ▇▇▇▇▇▇ has not delivered the Second Reduction Notice on or before the Second Reduction Date, then on the first calendar day after the Second Reduction Date, the provisions of this Section 1.8 shall be deemed null, void and of no further force or effect as to the Twenty-First Floor Returned Space.


More Definitions of Second Reduction Date

Second Reduction Date means the last day of the twenty-fourth (24th) full calendar month after the First Reduction Date; provided, however, if Tenant has not been Profitable in each of the four calendar quarters immediately preceding the last day of the twenty-fourth (24th) full calendar month after the First Reduction Date, the Second Reduction Date shall be delayed until Tenant has been Profitable for four consecutive calendar quarters. The “Third Reduction Date” shall mean the last day of the twenty-fourth (24th) full calendar month after the Second Reduction Date, and for avoidance of doubt, it is agreed that no measurement of profitability in the prior quarter or quarters shall be applicable in respect to the Third Reduction Date. Tenant shall be deemed to be “Profitable” in a calendar quarter if in that calendar quarter Tenant’s EBITDA (as defined below) was positive. A “Reduction Date”shall mean the First Reduction Date, the Second Reduction Date or the Third Reduction Date, as applicable.
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Second Reduction Date means October 1, 1999.
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Second Reduction Date means the date on which Guarantor has provided evidence satisfactory to Lender that achievement of the Second Reduction Conditions has occurred.
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Second Reduction Date shall have the meaning set forth in Section 31.2 hereof.
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Second Reduction Date means the date on which the number of ounces of Refined Gold delivered hereunder is equal to or greater than the Second Delivery Threshold.
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Related to Second Reduction Date

  • Reduction Date has the meaning set forth in Section 20.1B.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.

  • Loan Termination Date means each day on which a deposit is made into the Collateral Account in respect of Terminated Loans.