Applicable Shortfall Amount definition

Applicable Shortfall Amount has the meaning set forth in Section 4.1(a).
View Source
Applicable Shortfall Amount means (i) for the First Earnout Period, if the Earnout Amount earned for such period is less than $2,000,000, then the Applicable Shortfall Amount for such period shall be the difference between $2,000,000 and the Earnout Amount earned for such period, and (ii) for the Third Earnout Period, if the aggregate Earnout Amount earned for both the Second Earnout Period and the Third Earnout Period is less than $18,000,000, then the Applicable Shortfall Amount for the Third Earnout Period shall be the difference between $18,000,000 and the Earnout Amount earned for the Third Earnout Period.
View Source
Applicable Shortfall Amount means the amount, if any, by which the Applicable Estimated Completion Cost Amount shall exceed the Applicable Remaining Budgeted Amount. Any dispute regarding the amount of the “Applicable Shortfall Amount” shall be resolved in accordance with the dispute resolution provisions of Section 20 of this Agreement.
View Source

Examples of Applicable Shortfall Amount in a sentence

  • If the aggregate Earnout Amount for the Second Earnout Period plus the Third Earnout Period is not at least Eighteen Million Dollars ($18,000,000), then the Applicable Shortfall Amount for such Third Earnout Period shall no longer be earned or paid in any subsequent Earnout Period.

  • If the Earnout Amount for the First Earnout Period is not at least Two Million Dollars ($2,000,000), then the Applicable Shortfall Amount for such First Earnout Period shall no longer be earned or paid in any subsequent Earnout Period.

Related to Applicable Shortfall Amount

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Shortfall Amount has the meaning set forth in Section 6.02(b).

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Substitution Shortfall Amount As defined in Section 2.03(d).