Shortfall means, with respect to a Distribution Date, the excess (if any), of the sum of the amounts payable pursuant to clauses (v) through (viii) of Section 7.05 over Available Monies for such Distribution Date minus the amounts payable pursuant to clauses (i) through (iv) of Section 7.05 on such Distribution Date.

Shortfall means the ACP emissions minus the ACP limit when the ACP emissions were greater than the ACP limit during a specified compliance period, expressed to the nearest pound of VOC. Shortfall does not include emissions occurring prior to the date that the ACP agreement approving an ACP is signed by the board.

Shortfall. Month End Interest Shortfall and Servicemembers’ Shortfall.

Examples of Shortfall in a sentence

On each Determination Date, the Managing Member shall determine in consultation with the Administrator the amount, if any, by which the amounts payable pursuant to clauses (1) through (3) of the Priority of Payments (the “Senior Amounts”) exceed the Available Amounts (such excess a “Senior Shortfall Amount”) and shall notify the Custodian of any Senior Shortfall Amount.
On each Repayment Date, the Borrower shall apply, or cause to be applied, funds from the Preferred Equity Account in an amount equal to the Senior Shortfall Amount (or, if such Senior Shortfall Amount is greater than the amount in the Preferred Equity Account, all funds in the Preferred Equity Account) pursuant to the Priority of Payments.
Any Senior Shortfall Amount pursuant to Section 2.8(b) shall be applied by transferring such amount from the Preferred Equity Account to the Custodian Reserve Account.

More Definitions of Shortfall

Shortfall has the meaning specified in Section 2.2(b);

Shortfall has the meaning set forth in Section 4.2(a).

Shortfall. Due Date Interest Shortfall and Soldiers' and Sailors' Shortfall.

Shortfall has the meaning set forth in Section 6.2.

Shortfall has the meaning given to it under Clause 8.1 of the Trust Deed;

Shortfall or "Interest Rate Shortfall" means, as of any Payment Date and in respect of Funding, a deficiency of Funding Available Revenue Receipts over the amounts due by Funding under the Funding Pre-Enforcement Revenue Priority of Payments on such Payment Date, and, as of any Payment Date and in respect of any Issuer, the deficiency of Issuer Allocable Revenue Receipts over the amounts due by such Issuer under the relevant Issuer Pre-Enforcement Revenue Priority of Payments, as the context requires;