Cumulative Shortfall definition

Cumulative Shortfall. For any calendar month, (i) the sum of the Shortfall for that month and for any prior month less (ii) the Cumulative Shortfall Deductible Amount, if any, for all prior months.
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Cumulative Shortfall shall be the total of all Shortfalls that have not been credited against payments otherwise due from the DEVELOPER pursuant to this Agreement. The Cumulative Shortfall shall be reduced by the amount, if any, by which the Annual Cash-on-Cost Calculation exceeds the Annual Cash-on-Cost Threshold during any year of the Initial Period.
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Examples of Cumulative Shortfall in a sentence

  • The Cumulative Shortfall shall be a credit against payments otherwise due from the DEVELOPER pursuant to this Section and to the extent so credited, the Cumulative Shortfall shall be reduced.

  • Should the Sales Amount be positive, then within 60 days of the calculation of the Sales Amount the lesser of fifty percent (50%) of the Sales Amount or the amount owed the CRA hereunder shall be paid to the CRA by the DEVELOPER, but only after the Annual Cash-on-Cost Calculation reflecting the Sales Amount and taking into account any Cumulative Shortfall has been made.

  • Tranche Beginning Class C Reserve Subaccount balance Income earned on funds on deposit in Class C Reserve Subaccount Targeted deposit to Class C Reserve Subaccount Actual deposit to Class C Reserve Subaccount Amounts withdrawn from Class C Reserve Subaccount for application to Class C Notes Excess amounts withdrawn from Class C Reserve Subaccount Ending Class C Reserve Subaccount balance Cumulative Shortfall in Class C Reserve Subaccount Class C( - ) Class C( - ) Class C( - ) Total Class C [9.

  • For each Earnout Year, the Earnout Payment calculation shall be: Where: FCF = Free Cash Flow for such Earnout Year ATA = Annual Threshold Amount for such Earnout Year SA = Cumulative Shortfall Amount (if any) from the immediately preceding Earnout Year.

  • An example of the treatment of Cumulative Shortfall is illustrated in Attachment B hereto.

  • The DEVELOPER shall not be required to make any payments to the CRA to the extent that a Cumulative Shortfall as described below exists.