Shortfall Funds definition

Shortfall Funds has the meaning set forth in Section 9.1(d).
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Shortfall Funds shall have the meaning set forth in Section 3.12(a) hereof.
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Shortfall Funds shall have the meaning ascribed to such term in Section 4.3.
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Examples of Shortfall Funds in a sentence

  • Name of PHA: PHA Number: Executive Director: The above referenced agency is applying for Category 1 Shortfall Funds and has undertaken reasonable cost savings measures to prevent termination of HCV Participants due to insufficient funds.

  • However, PHAs that have not submitted applications for Shortfall Funds as July 31, 2020 must do so in accordance with the requirements of PIH Notice 2020-17, and not under the PIH Notice 2020-04.

  • The criteria and calculation methodology under this notice for the Shortfall Funds category are the same as those for the HAP set-aside Shortfall category described within PIH Notice 2021-10.

  • PHAs that previously applied for Shortfall Funds under the CY 2020 HAP renewal set-aside, using Appendix E, do not have to resubmit their application as HUD will process it under this notice.

  • HUD will first use the ARP funding to address additional funding needs for PHAs that experience a significant increase in voucher PUCs due to Extraordinary Circumstances or for Shortfall Funds.

  • Therefore, we conducted a study to investigate whether the colour preference in the context of a specific computer application might still be a valid explanation for the relationship between personality and skin preference.

  • An application for blanket letter for license to operate Games of Chance (Queen of Hearts Game for 12/1/2013 to 12/31/2013) for the Springvale Social Club, 22 Bridge Street, Springvale, ME.

  • However, PHAs that have not submitted applications for Shortfall Funds as of the date of this notice must do so in accordance with the requirements of this notice, and not under the PIH Notice 2020-04.

  • For PHAs applying under the second category, Shortfall Funds, if your agency previously applied for Shortfall Funds under the CY 2021 HAP set-aside (PIH Notice 2021-10), your agency does not have to resubmit a Shortfall Funds application under this notice.

  • CY 2014 Housing Choice Voucher Program - $75 Million Set-Aside ATTACHMENT APHA Application for Category 1, Shortfall Funds And PHA Certification of Reasonable Cost Savings Measures Undertaken To Prevent Termination of HCV Participants Due to Insufficient Funds.


More Definitions of Shortfall Funds

Shortfall Funds shall have the meaning assigned to such term in the Mortgage Loan Agreement.
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Related to Shortfall Funds

  • Shortfall Amount as defined in Section 2.6.

  • 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.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the amount of cash or other immediately available funds in the Reserve Account on such Payment Date (prior to giving effect to any withdrawals therefrom relating to such Payment Date) over (ii) the Specified Reserve Balance with respect to such Payment Date.

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Reserve Funds means, collectively, the Tax and Insurance Reserve Fund, the Replacement Reserve Fund, the Required Repair Fund, the Rollover Reserve Fund, the Ground Lease Reserve Fund, the Excess Cash Flow Reserve Fund and any other escrow fund established by the Loan Documents.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • 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.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales or dispositions attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees, prepayment fees or other amounts received in respect of Loan Assets.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the September 2003 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the March 2004 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferors may determine by written notice to the Trustee and the Servicer. For this purpose, the "Excess Spread Percentage" for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.