Capital Shortfall definition

Capital Shortfall has the meaning set forth in Section 4.05.
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Capital Shortfall means an amount of additional cash which, in the reasonable judgment of the Manager(s), is required by the Company for the development, improvement, maintenance and/or operation of the Property or for the payment of the Company's obligations under all contracts and agreements to which it is a party (excluding any liabilities or indebtedness incurred on behalf of the Company as a result of a breach of a Member's obligations under this Agreement) to the extent not otherwise funded from loans and other Company funds.
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Capital Shortfall has the meaning set forth in Section 4.8 of the PFS Agreement.
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Examples of Capital Shortfall in a sentence

  • The aggregate consideration payable for the Units (the “Merger Consideration”) is equal to: (a) Base Amount; plus (b) the Closing Cash; either (c) plus the Closing Working Capital Excess (if any) or minus the Closing Working Capital Shortfall (if any); minus (d) the Closing Indebtedness; minus (e) the Closing Transaction Expenses.

  • If the total amount of Additional Capital Shortfall is not so contributed, the Management Committee may use any reasonable method to provide Members the opportunity to make additional Capital Contributions until the Additional Capital Shortfall is as fully contributed as possible.

  • If the Majority Stockholder timely makes such a payment or if ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ calculation of Company Net Working Capital discloses no Working Capital Shortfall, the Company will be deemed to have satisfied the condition to the Offer set forth in paragraph (c)(x) of Annex A.

  • A Member who makes the required additional Capital Contributions (Nondefaulting Member) will have the right, but not the obligation, to advance an amount bearing the same ratio to the total amount of the Additional Capital Shortfall as a Nondefaulting Member’s Capital Account bears to the total Capital Accounts of all Nondefaulting Members.

  • Such capital contributions will not be made until other existing funds of the Company have been utilized, and the Members shall use their best efforts to cause the Company to borrow from third parties any funds required for satisfaction of such Capital Shortfall before any demand is made on the Members for capital contributions for the same.

  • In this Agreement, those additional Capital Contributions that are not made by a Defaulting Member are referred to as Additional Capital Shortfall.

  • If the total amount of Additional Capital Shortfall is not so contributed, the Manager may use any reasonable method to provide Members the opportunity to make additional Capital Contributions, until the Additional Capital Shortfall is as fully contributed as possible.

  • Notwithstanding anything to the contrary, in the event of a Net Working Capital Shortfall, the Company shall not (and shall not permit any Subsidiary to) incur any additional debt if and to the extent such additional debt is prohibited by the Manufacturer or will cause the Company or an applicable Subsidiary to violate the Manufacturer Rules.

  • Each Member shall make a pro-rata additional Capital Contribution in accordance with that Member’s Percentage Interest according to the Capital Shortfall Notice; provided, however, that the failure to make an additional Capital Contribution shall not constitute a breach by such Member, but rather shall result in the consequences provided for in sub-part (b) below.

  • Upon completion of the Estimated Statements, Seller Parent shall derive: (i) the estimated Closing Date Working Capital; (ii)the estimated Closing Net Cash; (iii) the Estimated Closing Date Working Capital Shortfall; and (iv) the Estimated Closing Date Working Capital Excess, if any.


More Definitions of Capital Shortfall

Capital Shortfall means the amount equal to X multiplied by Y where: (a) X = the amount (if any) by which the Regulatory Capital Amount is less than the Regulatory Capital Target Amount (expressed as a positive number); and (b) Y = 0.60; Regulatory Capital Target Amount means, for purposes of this agreement, £40,800,000, comprising an estimate of the Company’s required regulatory capital requirements under its 2018 Internal Capital Adequacy Assessment Process to be submitted to the FCA and a 20% discretionary buffer; Regulatory Conditions means the Conditions set out in clause 2.1; Representative means in relation to a person, any adviser, director, officer, employee or consultant of that person; Required Regulatory Submissions has the meaning set out in clause 2.2(a)(ii); Revenue Determination Date means the 15th day of the month immediately prior to the month in which Completion occurs; Run Rate Revenue Threshold means £128,233,550 per annum being an amount equal to 85 per cent. of the Signing Run Rate Revenue; Seller's Insurance Amount means £438,158; Seller's Lawyers means ▇▇▇▇▇ & ▇▇▇▇▇ LLP, One ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇; Seller's Warranties means the warranties set out in Part 1 of Schedule 4; Senior Management Employee means any person employed or engaged by a Group Company who (a) holds the position of ‘Director’ or above ; or (b) has an annual basic salary of £150,000 or more; SFA means the Singapore Securities and Futures Act (Cap. 289); Shareholders' Agreement means the shareholders' agreement relating to the Company in the Agreed Form to be entered into at Completion between the Seller, the Buyer Parties and the Company; Shares means such number of Ordinary Shares as is equal to 60% of the Fully Diluted Share Capital, rounded up (if the number would otherwise include a fraction of a share) to the nearest whole number of shares; Signing Assets Under Management means the amounts shown under the heading “AUM” in the Signing AUM Spreadsheet, which shall not include the Planned Redemptions; Signing AUM Spreadsheet means the spreadsheet in the Agreed Form prepared by the Company on the same basis as is set out in clause 5.4 showing the clients/customers, fee rates and assets under management or advice of the Group Companies and Joint Ventures as at the Spreadsheet Date. The
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Capital Shortfall as defined in Section 2.3 (f).
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Capital Shortfall has the meaning set forth in Section 3.5(a). “Certificate” has the meaning set forth in the RECITALS hereof. “Claims” has the meaning set forth in Section 8.3(a).
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Capital Shortfall is defined in Section 6.6.2(f).
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Related to Capital Shortfall

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

  • Working Capital Shortfall means the amount (if any) by which the Actual Working Capital Amount is less than the June Working Capital Amount.

  • Series Principal Shortfall means with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date.

  • Principal Shortfalls shall have the meaning specified in Section 4.04.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: