Estimated Shortfall definition

Estimated Shortfall means the amount (as may be adjusted in accordance with Clause 3.2 (Determination of Prepayment Amount and funding of the Shortfall)) in Hong Kong Dollars equal to the sum of (a) the Prepayment Amount less the Estimated Net Proceeds; (b) the Prepayment Buffer Amount; and (c) the aggregate amount of all accrued interest that will be payable on all of the Loans on 30 November 2016.
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Estimated Shortfall means, on any Quarterly Payment Date, an amount equal to the positive difference between (i) the Estimated Loss Amount debited to the relevant sub-ledger of the Estimated Loss Ledger and (ii) any amounts credited to such sub-ledger, divided by the number of the Notes of the relevant Class on such Quarterly Payment Date.
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Estimated Shortfall has the meaning specified in Section 3.1(a).
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Examples of Estimated Shortfall in a sentence

  • If the net investment shown on the Estimated Balance Sheet is less than $155 million (the difference between the net investment and $155 million is hereinafter referred to as the "Estimated Shortfall"), then the Closing Cash Payment shall be reduced on a dollar-for-dollar basis by the amount of the Estimated Shortfall (such reduction being referred to as the "Estimated Balance Sheet Adjustment").

  • Written notice of the Employer’s claim will be mailed to the last known address of Employee.

  • After such redemption the Principal Amount Outstanding of each of the Mezzanine Class B Notes, the Mezzanine Class C Notes, the Junior Class D Notes, the Subordinated Class E Notes and the Subordinated Class F Notes will be equal to the relevant Estimated Shortfall and subject to further redemption in accordance with this Condition 6(c).

  • Any Estimated Shortfall in respect of each of the Subordinated Class F Notes or Subordinated Class E Notes or Junior Class D Notes or Mezzanine Class C Notes or Mezzanine Class B Notes respectively, remains outstanding but shall not accrue interest.

  • Subject to adjustments in accordance with Section 2.7 of the Assignment and Assumption Agreement, the purchase price payable by the Purchaser to the Vendor in respect of the Shares means an amount equal to Thirty Million U.S. Dollars (US$30,000,000) less the Estimated Shortfall Amount (the "Share Purchase Price").

  • Relying on Supplementary Material .01, Felix’s attorney wrote that IRS Transcripts are not books, records, or accounts “of” Felix for the purposes of Rule 8210.

  • Assuming 50 % Recovery Rate for CRTs:Estimated CRT Glass Recovery = 206,000 tons/year Existing Processing Capacity = 128,000 tons/year Estimated Shortfall = 78,000 tons/year If there was a national goal of recovering 100 percent of CRTs, the capacity shortfall would be even greater, estimated at 264,000 tons per year.

  • Assuming 100 % Recovery Rate for CRTs:Estimated CRT Glass Recovery = 392,000 tons/year Existing Processing Capacity = 128,000 tons/year Estimated Shortfall = 264,000 tons/yearThe two Canadian lead smelters (Xstrata and Teck Resources) indicated that they are operating atcapacity24.

  • If the Final Closing Shortfall Amount is less than the Estimated Shortfall Amount, Buyer shall, or shall cause a Subsidiary of Buyer to, pay to Seller an amount equal to such deficiency by wire transfer of immediately available funds within three (3) Business Days after the date on which the Final Closing Shortfall Amount is finally determined.

  • Within thirty (30) days following the Final Shortfall Reduction Date, the Seller shall pay to the Purchaser the amount by which the Estimated Shortfall Reduction is less than the Revenue Shortfall Reduction as finally determined.


More Definitions of Estimated Shortfall

Estimated Shortfall shall have the meaning ascribed to such term in Section 2.06(b).
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Estimated Shortfall means (x) the extent, if any, that the Net Working Capital Amount of the Company shown in the Estimated Closing Balance Sheet is less than $737,700 in absolute terms plus (y) any expenses or Liabilities incurred after June 30, 2014 that are inconsistent with the type, nature and amount of expenses and Liabilities incurred by the Company during June 2014 and reflected on the Estimated Closing Balance Sheet.
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Related to Estimated Shortfall

  • Working Capital Shortfall has the meaning specified in Section 2.5(b).

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

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

  • 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.

  • 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.

  • 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.

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • 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).

  • 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.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

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

  • 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.

  • Estimated Cash has the meaning set forth in Section 2.4(a).

  • 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.

  • 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.

  • 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.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • 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:

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

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

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

  • 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.