Project Shortfall definition

Project Shortfall means any means any and all cash required to satisfy any actual or projected financial requirements of the Company (not including, however, payment of Unpaid Preferred Return or any other obligations of the Company to the Members), as determined by the Management Committee.

Project Shortfall is defined in Section 2.8(l) hereof “Prohibited Person” is defined in Section 3.18 hereof. “Prohibited Transfer” is defined in Section 6.3(a) hereof.

Project Shortfall has the meaning given to such term in Section 2.10.

Examples of Project Shortfall in a sentence

• If the Project Shortfall Percentage is 20% or less, there shall be no Community Recovery Payment due.

• The Company shall make a payment with respect to the incentive listed in the Incentives Table above (each payment, a “ Recovery Payment,” and collectively, the “Recovery Payments”) to the respective parties so specified based on the Recovery Value as so determined for each year included in the Performance Period in which a Project Shortfall Percentage is determined as provided in this Agreement.

• If the Project Shortfall Percentage is 10% or less, no Recovery Payment is due.

• For example, if the Project Shortfall Percentage is 28% for a Performance Period, the Company would owe a Community Recovery Payment of 28% of the tax savings enjoyed by the Company in the previous tax year.

• One could argue that Councillor Filion could have or should have waited until after the appraisal and sign valuation were discussed at the September 15, 2016 board meeting before raising his concerns with the Auditor General.

• These site visits allowed the researcher to interview key personnel who run the transportation operations and get first hand insight to the HAZMAT frustration problems that are perceived.

• The name of the statutory trust formed hereby is BMW VEHICLE OWNER TRUST 20[__]-[__].

• For each year for which a Project Shortfall Percentage is determined as provided in this Agreement, in order to determine the Recovery Payment for each incentive in the Incentives Table, such Project Shortfall Percentage shall be multiplied the corresponding Recovery Value, the result shall be the Recovery Payment, and the Company shall pay the amount thereof to the party or parties specified above simultaneously with its delivery of the Annual Report for the subject year as required by this Agreement.

• For the avoidance of doubt, if the Project Shortfall Percentage is 20% or less, there shall be no Community Recovery Payment due.

• If there is a Project Shortfall Percentage that is equal to or greater than 20% in a Performance Period, then for such period the Company shall make a payment with respect to the Tax Savings incentive in the Incentives Table above (each payment, a “Community Recovery Payment,” and collectively, the “Community Recovery Payments”) to the respective Taxing Authorities so specified above in an amount equal to the Recovery Value for such period multiplied by the Project Shortfall Percentage.

More Definitions of Project Shortfall

Project Shortfall means any and all cash necessary, as determined by the Management Committee, to provide sufficient funds for payment of any of the following: (i) repairs resulting from any uninsured casualty or damage or destruction to the Project, (ii) operating deficits of the Project, and (iii) any amounts required to be paid to MIREF Governor Finance, LLC (or its successor or assign), the mortgage lender for the Project, to reduce the principal amount of its mortgage loan so as to enable the Company to satisfy the conditions for the exercise of any option to extend the term of such mortgage loan pursuant to the provisions of such mortgage loan.

Project Shortfall means any means any and all cash necessary, as determined by the Management Committee, to provide sufficient to funds for payment of any of the following: (i) repairs resulting from any uninsured casualty or damage or destruction to the Project, (ii) operating deficits of the Project, (iii) the Threshold Return to Paladin, and (iv) any amounts required to be paid to MIREF Governor Finance, LLC (or its successor or assign), the mortgage lender for the Project, to reduce the principal amount of its mortgage loan so as to enable the Company to satisfy the conditions for the exercise of any option to extend the term of such mortgage loan pursuant to the provisions of such mortgage loan.