Shortfall Date definition

Shortfall Date has the meaning set forth in Section 2.9(e)(i)b..
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Shortfall Date has the meaning specified in Section 6(b).
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Shortfall Date means the date on which the Agent provides notice to the Parent in accordance with Clause 20.2 (Market Value).
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Examples of Shortfall Date in a sentence

  • If the event referred to in Condition 8(b)(i)(C) or (D) has occurred and there is a Charged Agreement, the Counterparty shall have the right, but not the obligation, before the Shortfall Date, to make additional payments to the Issuer so that the Issuer would not be in any worse position as a result of the occurrence of such event.

  • If the Issuer is unable to arrange such substitution before the relevant Shortfall Date in the case of Condition 8(b)(i)(B), the Counterparty shall have the right, but not the obligation, in its sole discretion, under any such Charged Agreement to accept a lesser payment from the Issuer in respect of the Charged Assets (after any such withholding or accounting or suffering of tax by the Issuer in respect of the Charged Assets).

  • It is on the OCC priority list and the area has now been cordoned off pending the water being pumped out and new pump equipment being installed.

  • If, having used all reasonable endeavours, the Issuer is unable to arrange such substitution before the relevant Shortfall Date, in the case of the events referred to in Condition 8(b)(i)(C) and where there is a Charged Agreement, the Counterparty shall have the right, but not the obligation, before the Shortfall Date, to make additional payments to the Issuer so that the Issuer would not be in any worse position as a result of the occurrence of such event.

  • If the event referred to in Condition 8(b)(i)(C) or (D) has occurred and there is a Charged Agreement which is a Swap Agreement or Repurchase Agreement, the Counterparty shall have the right, but not the obligation, before the Shortfall Date, to make additional payments to the relevant Issuer under such Charged Agreement so that the relevant Issuer would not be in any worse position as a result of the occurrence of such event.

  • If the relevant Issuer is unable to arrange such substitution before the relevant Shortfall Date in the case of Condition 8(b)(i)(B), the Counterparty shall have the right, but not the obligation, in its sole discretion, under any Charged Agreement which is a Swap Agreement or Repurchase Agreement to accept a lesser payment from the relevant Issuer in respect of such Charged Agreement (after any such withholding or accounting or suffering of tax by the relevant Issuer in respect of the Charged Assets).

  • Following a Liquidity Shortfall Date, each Business Day on which the Liquidity Shortfall Amount is zero.

  • If the Counterparty does not exercise such right as referred to in paragraph (ii) above within 10 Business Days of the Shortfall Date, the Issuer shall give an Initial Redemption Notice and any Charged Agreement will thereupon be terminated.

  • Issuer shall, for purposes of the information reporting requirements contained in§ 6045(a) of the Internal Revenue Code, treat all payments to holders of tax-exempt Bonds made prior to the occurrence of the Shortfall Date in the manner provided under Basic Resolution a, namely, first as a payment of tax-exempt interest to the extent of accrued but unpaid interest, and second as a return of principal.

  • Under the Bond Resolution, debt service payments made on the Bonds on and after the Shortfall Date will be made first to interest on a pro rata basis in accordance with interest payments due on all of the Bonds that are outstanding, and then to principal, pro rata in accordance with principal payments due on all outstanding Bonds that have matured (i.e., the bond’s maturity date or mandatory redemption date has then occurred or has already passed).


More Definitions of Shortfall Date

Shortfall Date shall have the meaning set forth in SECTION 4.2(c) hereof.
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Shortfall Date means the first Business Day following the one-year anniversary of the Closing Date.
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Shortfall Date shall have the meaning given that term in Section 2.9(b).
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Shortfall Date means the shortfall date as stated in the Timetable.
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Shortfall Date means any date following a Shortfall First Date when there is an obligation to make a prepayment pursuant to Clause 7.9(c) and such prepayment obligation is in whole or part unsatisfied.
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Related to Shortfall Date

  • Shortfall Amount as defined in Section 2.6.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • 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.

  • Deficiency Balance means, with respect to any Receivable, any deficiency balance, charged-off amount, Principal Balance, accrued interest and/or fees and any Related Security; provided, that such amounts and Related Security relate to a Receivable which is a Defaulted Receivable.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • 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.

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

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

  • Class B Interest Shortfall Amount Any of the Class B-1 Interest Shortfall Amount, Class B-2 Interest Shortfall Amount, Class B-3 Interest Shortfall Amount, Class B-4 Interest Shortfall Amount, Class B-5 Interest Shortfall Amount or Class B-6 Interest Shortfall Amount.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

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

  • Class B-6 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-6 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-6 Certificates on such Distribution Date pursuant to Paragraph twentieth of Section 4.01(a).

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Class B-1 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-1 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-1 Certificates on such Distribution Date pursuant to Paragraph fifth of Section 4.01(a).

  • Class B-2 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-2 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-2 Certificates on such Distribution Date pursuant to Paragraph eighth of Section 4.01(a).

  • Class B-4 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-4 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-4 Certificates on such Distribution Date pursuant to Paragraph fourteenth of Section 4.01(a).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Class A Interest Shortfall Amount As to any Distribution Date and any Class of Class A Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a).

  • 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.

  • 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).

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.