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 as defined in Section 2.3 (f).
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Examples of Capital Shortfall in a sentence

  • Within ninety (90) days after the Closing Date, Parent shall deliver to the Securityholder Representative a statement (the “ Post-Closing Statement”) setting forth Parent’s calculation of: (i) the Closing Working Capital; (ii) the Closing Working Capital Shortfall, if any; (iii) the Closing Indebtedness; (iv) the Unpaid Transaction Expenses; and (v) the Merger Consideration resulting from the amounts set forth in clauses (i) though (iv).

  • In areas prone to wind soil erosion, it is advisable to leave surface cover on the soil to prevent or minimize soil erosion.

  • Homeland Security, www.homelandsecurity-technology.com, accessed on 2.04.2018, “Barentshav Class Offshore Patrol Vessels (OPV)”, accessed on 2.04.2018, https://www.homelandsecurity-techno- logy.com/projects/barentshav-offshore-patrol-vessels-norway/.classification, ongoing maintenance, crew matters and insurance).

  • 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.

  • 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.

  • SRISK Does Not Accurately Measure an Institution’s Capital Shortfall During StressA predicate of the SRISK measure is that a financial institution would maintain a market capitalization of at least 8% of total assets.

  • In the event that the Final Working Capital Shortfall exceeds the remaining Escrow Funds, no further payment shall be required.

  • The White Volta River also passes through the Eastern boundary of the district.

  • 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.

  • Although we could not conduct a goodness-of-fit test for all items and customers, there is no reason to believe that arrivals of these items do not follow a Poisson arrival process.


More Definitions of Capital Shortfall

Capital Shortfall is defined in Section 6.6.2(f).
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Capital Shortfall has the meaning set forth in Section 4.8 of the PFS Agreement.
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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 Xxxxx & Xxxxx LLP, One Xxxxxxx Xxxxxx, Xxxxxx, X0 0XX; 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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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 has the meaning specified in Section 2.5(b).

  • 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: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class B Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed to the class B noteholders on that distribution date.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series in Group One, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Cumulative Series Principal Shortfall means the sum of the Series Principal Shortfalls (as such term is defined in each of the related Series Supplements) for each Series in Group One.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Matured Principal Shortfall means, with respect to any Distribution Date and for any Class of Notes which would have a remaining principal balance greater than zero on such Distribution Date, after taking into account the payment of all other principal amounts to such Class on such Distribution Date and as to which such Distribution Date is either the Final Scheduled Distribution Date for such Class, or a Distribution Date subsequent to such Final Scheduled Distribution Date, the remaining principal balance of such Class on such Distribution Date after taking into account the payment of all other principal amounts to such Class on such Distribution Date.

  • 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.

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.