Performance Deficit definition

Performance Deficit means, as of any Calculation Date in respect of a Tracking Model for the applicable Tax Equity Fund difference between:
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Examples of Performance Deficit in a sentence

  • The Merger Consideration shall be reduced if the consolidated stockholders equity of the Company as of the date immediately preceding the Closing Date results in a "Performance Deficit" as hereinafter determined.

  • If the Lodging Arbiter determines that Force Majeure occurred in any Fiscal Year within a Determination Period, and absent such Force Majeure condition the Performance Deficit would not exist, then such Fiscal Year shall not be included in any Determination Period.

  • The performance deficit ("Performance Deficit"), if any, shall be an amount equal to the amount by which the consolidated stockholders equity in the Final Balance Sheet (after any disputes are resolved pursuant to Section 2.04(b)) is less than the sum of (i) $5,008,344 and (ii) $6,149 times the number of days between April 1, 1998 and the Effective Time.

  • Any Performance Deficit shall reduce the Preliminary Aggregate Merger Consideration by that number of shares of Parent Common Stock determined by dividing the amount of the Performance Deficit by the Closing Price (the "Reduction Amount").

Related to Performance Deficit

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Performance Date means June 30, 2027. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Quarterly Excess Available Funds Percentage means, with respect to the June 2007 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Performance Percentage means the factor determined pursuant to a Performance Schedule that is to be applied to a Target Award and that reflects actual performance compared to the Performance Target.