Development Shortfall definition

Development Shortfall means the sum of the positive difference(s) for each of the Scheduled Development Length(s) and the actual development length(s); or
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Examples of Development Shortfall in a sentence

  • In an Accounting Year, if Scheduled Development Length(s) for ‘Development 1’, ‘Development 2’, ‘Development 3’ and ‘Development 4’ are 100m, 100m, 100m and 200m respectively and actual development lengths are 120m, 50m, 50m and 200m respectively, then, the Development Shortfall is 100m (i.e., 0m+50m+50m+0m) and the percentage of Development Shortfall is 20 (Development Shortfall X 100/ Scheduled Development Length, i.e. 100m X 100/500m = 20).

  • If Licensee has a Development Shortfall, such Development Shortfall will not negatively affect the rights of Licensee under the Agreement with respect to the development or operation, or the territorial protections set forth in Section 2.2 of the Agreement, of the KFC or Pizza Hut Brand Restaurant Businesses in the Territory.

  • In an Accounting Year, if Scheduled Development Length(s) for ‘Development 1’, ‘Development 2’, ‘Development 3’ and ‘Development 4’ are 100m, 100m, 100m and 200m respectively and actual development lengths are 120m, 50m, 50m and 200m respectively, then, the Development Shortfall is 100m (i.e., 0m+50m+50m+0m) and the percentage of Development Shortfall is 20 (Development Shortfall X 100/ Scheduled Development Length, i.e 100m X 100/500m = 20).

Related to Development Shortfall

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

  • Interest Shortfall With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows:

  • Net Simple Interest Shortfall With respect to any Distribution Date, the excess, if any, of (a) 30 days’ interest at the weighted average (by principal balance) of the Net Mortgage Rates of the Simple Interest Mortgage Loans as of the first day of the related Due Period, as determined by the Servicer, on the aggregate principal balance of such Simple Interest Mortgage Loans for such Remittance Date, carried to six decimal places, rounded down, and calculated on the basis of a 360-day year consisting of twelve 30-day months, over (b) the amount of the payments received by the Servicer in the related Due Period allocable to interest in respect of such Simple Interest Mortgage Loans, calculated in accordance with the Simple Interest Method, net of the related Servicing Fees.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.