Net Shortfall definition

Net Shortfall means the net shortfall between Expected Payments or Fixed Contract Payments made by Servicer to Element and Actual Collections received by Servicer from an Obligor with respect to a Transaction.
View Source
Net Shortfall shall have the meaning specified in Section 2.2(c).
View Source

Examples of Net Shortfall in a sentence

  • An example calculation of the Quarterly Net Shortfall (and related definitions) is attached as Exhibit C-3.

  • An example calculation of Cumulative Net Shortfall is set forth on Exhibit C-3.

  • The Preferred Partners shall then have ten (10) Business Days following the date of such Shortfall Notice with respect to Section 2.1(b)(iv) (the “Initial Offering Period”) to elect whether to provide their share of Capital Contributions pursuant to Section 2.1(b)(iv) to fund such remaining Cumulative Net Shortfall.

  • Following the end of the Additional Offering Period, if total funding after giving effect to funding pursuant to Section 2.1(b)(i), Section 2.1(b)(ii), Section 2.1(b)(iii) and Section 2.1(b)(iv) is insufficient to fund the Cumulative Net Shortfall, the Common Partners may (but shall not be required to) make additional Capital Contributions under Section 2.1(b)(v) to the Partnership to fund the amount of the remaining Cumulative Net Shortfall.

  • The General Partner shall cause any Cumulative Net Shortfall amounts funded by the Partners pursuant to this Section 2.1(b) to be funded by the Partnership to the Subsidiary REIT in accordance with Section 2.1 of the Subsidiary REIT Agreement.

  • Any failure by a Preferred Partner to make an election within the relevant time periods set forth in this Section 2.1(d) shall be deemed to be an election not to fund any portion of the remaining Cumulative Net Shortfall under Section 2.1(b)(iv) and the relevant Shortfall Notice.

  • Allocable Target Shortfalls and Credits are determined on a Subject Year by Subject Year basis, with no carryover to any following year of any prior year’s end of the year Net Shortfall Amount or Schedule 1 User Charges in excess of the aggregate of such prior year’s Monthly Target Amounts.

  • Servicer shall promptly notify Element of the Current Vehicle Value, the Current NBV, the balance of approved Covered Expenses and Net Shortfall or Net Windfall and the amount of any available Security Deposit Accrual relating to the Defaulted Vehicle.

  • In the event of a Net Shortfall, the Committee will determine the Final Shortfall by subtracting the Carryforward Amount from previous years, if any, from the Net Shortfall.

  • The aggregate amount recovered by Interland under subsection (C) above shall not exceed the additional Actual Net Shortfall remaining after reimbursement in accordance with subsections (A) and (B).