Cashflow Shortfall definition

Cashflow Shortfall is defined in Section 4.3(a).
View Source

Examples of Cashflow Shortfall in a sentence

  • Each Member shall have twenty (20) days after receipt of a Shortfall Notice to notify the Manager that it wishes to participate in loans to the Company in connection with any Cashflow Shortfall, and each such notice from a Member shall include the amount such Member wishes to provide.

  • Notwithstanding any adjustment pursuant to Section 2 in the number of shares of Common Stock covered by this Warrant or any other provision of this Warrant, the Company may, but shall not be required to, issue fractions of shares upon exercise of this Warrant or to distribute certificates which evidence fractional shares.

  • Each Cashflow Shortfall Make Up Advance together with interest thereon shall be paid and repaid to each Processor as soon as possible after it has been advanced to the extent that ASM is permitted to make such payment under the terms of the Financing Documents.

  • In addition, in the event that Buyer has made a Cashflow Shortfall Reduction the EBITDA Statement shall contain information and copies of documents necessary to substantiate such reduction.

  • For the purposes of this Clause, the Borrower's Cashflow Shortfall for any period means the amount (if any) by which the Borrower's predicted expenditures exceed its predicted revenues for that period, as determined by the Lender on the basis of the financial information the Borrower supplies to it under Clause 19.7 (Production information) and any other relevant information the Lender receives under Clause 19.4(c) or otherwise.

  • This calculation is assuming there is no Cashflow Shortfall Reduction.

  • In the event the EBITDA Goal is not met during such twelve-month period, the Earnout Shares that shall be released shall be reduced by a percentage which shall equal to the difference between the Company’s and its Acquired Subsidiaries’ actual historical Adjusted EBITDA during the 12 months subsequent to the Closing and the Baseline EBITDA, reduced further by any Cashflow Shortfall Reduction set forth in Section 2.06(i).