Shortfall Guarantee definition

Shortfall Guarantee means the guarantee dated as of October 24, 1997 given by Pegasus to GECC, pursuant to which Pegasus has guaranteed up to $4,000,000 of the Company's obligations to GECC.
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Examples of Shortfall Guarantee in a sentence

  • All of the Common Stock of Parent to be issued in connection with the transactions contemplated by this Agreement, including shares of Parent’s Common Stock to be issued in connection with (i) Closing, (ii) the Shortfall Guarantee, and (iii) the Promissory Note, or otherwise, have been duly authorized and will be validly issued, fully paid, and nonassessable.

  • KWS and BKR agree that as to the calculation of any shortfall amount, pursuant to the Shortfall Guarantee contained in the Purchase Agreement, which may have to be made, if any, KWS shall only be entitled to receive a guaranteed value of One Million Eight Hundred Thousand Dollars ($1,800,000.00) and BKR One Million Five Hundred Thousand Dollars ($1,500,000.00) when and if the terms and provisions of the Shortfall Guarantee are invoked.

  • Payment Period each of the following: 1 the period from the Completion Date up to and including the last day of the month in which Completion occurs; 2 each full period of one month falling within the Rent Shortfall Guarantee Period; and 3 the period from the first day of the month during which the Rent Shortfall Guarantee Period ends until the end of the Rent Shortfall Guarantee Period.

  • Shortfall Guarantee Agreement Century Concord has entered into a shortfall guarantee agreement in favour of Huaneng Tiancheng (the “Shortfall Guarantee Agreement”), pursuant to which Century Concord has agreed to provide an irrevocable shortfall guarantee to Dao County, to guarantee the debts of Huaneng Tiancheng under the Finance Lease Agreement.

  • The Shortfall Guarantee shall expire on the earliest to occur of: (i) following the expiration of the six (6) month holding period for Rule 144 Restricted Stock, the sale of the Rule 144 Restricted Stock by Seller for an aggregate value of $799,948, (ii) following the expiration of the six (6) month holding period for Rule 144 Restricted Stock, the aggregate market value of the sold and unsold Rule 144 Restricted Shares reaches $850,000, or (iii) eighteen (18) months following the Closing.

Related to Shortfall Guarantee

  • Shortfall Amount has the meaning set forth in Section 6.02(b).

  • 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-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).

  • Collateral Shortfall Amount is defined in Section 8.1.

  • 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.