Collection Shortfall definition

Collection Shortfall. As of any Determination Date, with respect to a Receivable, if the amounts deposited into the Collection Account during a Monthly Period in respect of such Receivable and allocable to interest (determined in accordance with Section 4.3) is less than the interest accrued on such Receivable (for the number of calendar days in such Monthly Period) (calculated according to the method specified in the related retail installment sale contract or promissory note at the APR on the Principal Balance of such Receivable as of the Accounting Date for the immediately preceding Monthly Period), the amount of such shortfall.
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Collection Shortfall has the meaning set forth in Section 11.9(b). "Closing" has the meaning set forth in Section 4.1. "Closing Date" has the meaning set forth in Section 4. 1.
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Collection Shortfall is defined in Section 2.13(c).
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Examples of Collection Shortfall in a sentence

  • The Parties agree to treat the payment of the amount of the Collection Excess or Collection Shortfall, as applicable, for all Tax purposes as an adjustment to the Purchase Price to the extent permitted by applicable Law.

  • If funds from the Escrow Account are not sufficient to satisfy the entirety of the Collection Shortfall, then Sellers, jointly and severally, shall pay any remaining amounts to Buyer via wire transfer of immediately available funds to one or more accounts designated in writing by Buyer.

  • If an Interim Collection Shortfall was paid by Party B on the Interim Adjustment Date (as provided for above), such payment shall be factored into the notional balance of the Collection Account as a credit to the Collection Account.

  • The Non-Principal Collection Shortfall for Series 1999-1 for any Distribution Date shall be equal to the excess, if any, of (x) the full amount required to be paid pursuant to Section 4.06(a) (excluding Section 4.06(a)(v)) on such Distribution Date over (y) the amount of Investor Non-Principal Collections and any Investment Proceeds with respect to such Distribution Date.

  • The settlement agreement respecting the RRO Collection Shortfall in 2001 and other areas of agreement for 2001 was filed on October 9, 2001, as was the 2002 Settlement Agreement respecting amendments and adjustments for the 2002 calendar year to the Energy Price Setting Plan Method.

  • For avoidance of doubt, no payment shall be made for an AR Collection Shortfall for any Losses for which any party has made a claim specifically relating to the AR Collection Shortfall for indemnification pursuant to Section 9 until such claim has been resolved.

  • The "Non-Principal Collection Shortfall" for Series 1999-4 for any Distribution Date shall be equal to the excess, if any, of (x) the full amount required to be paid pursuant to Section 4.06(a) (excluding Section 4.06(a)(v)) on such Distribution Date over (y) the amount of Investor Non-Principal Collections and any Investment Proceeds with respect to such Distribution Date.


More Definitions of Collection Shortfall

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