Shortfall Reduction definition

Shortfall Reduction shall have the meaning set forth in Section 2.8.1.
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Shortfall Reduction has the meaning set forth in Section 3.2(d).
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Shortfall Reduction means with respect to any Distribution Date the ------------------- Basis Risk Shortfall in excess of the Basis Risk Support Amount, in each case with respect to that Distribution Date.
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Examples of Shortfall Reduction in a sentence

  • This Agreement shall be governed by, construed and interpreted in accordance with the laws of the State of New York, without giving effect to principles of conflicts of law.

  • Any Fixed Amount Interest Shortfall Reimbursement Amount shall be deemed to reimburse outstanding Fixed Amount Interest Shortfall Reduction Amounts in the order in which they arose.

  • For the avoidance of doubt, interest distributions with respect to the Class A-MFL Certificates do not include Yield Maintenance Charges for the purposes of calculating the Fixed Amount Interest Shortfall Reduction Amounts or Fixed Amount Interest Shortfall Reimbursement Amounts.

  • Within thirty (30) days following the Final Shortfall Reduction Date, the Seller shall pay to the Purchaser the amount by which the Estimated Shortfall Reduction is less than the Revenue Shortfall Reduction as finally determined.

  • Floating Amounts Floating Amount Payer: CSIN Floating Amount: Notwithstanding Section 6.1 of the Definitions, the Floating Amount payable by CSIN on a Payment Date will be an amount equal to (a) the Floating Amount calculated pursuant to Section 6.1 of the Definitions plus (b) any Floating Amount Interest Shortfall F Reimbursement Amount minus (c) any Floating Amount Interest Shortfall Reduction Amount.

  • The Trustee will make a demand for Payment as soon as reasonably practicable following notice to the Trustee of the occurrence of a Realized Loss, a Limited Guaranty Draw Asset Reduction, an Extraordinary Expense or a Shortfall Reduction.

  • The Unadjusted Merger Consideration shall be adjusted at Closing by (i) adding the Excess Payment, if any, calculated pursuant to Section 2.8.1, (ii) subtracting the Shortfall Reduction, if any, calculated pursuant to Section 2.8.1, (iii) subtracting Estimated Company Transaction Expenses and (iv) subtracting Estimated Indebtedness, if any (as adjusted, the “Initial Merger Consideration”).

  • The Escrow Funds shall be established solely to secure any Shortfall Reduction pursuant to Section 3.2(e).

  • Within thirty (30) days following the Final Shortfall Reduction Date, the Purchaser shall pay to the Seller the amount by which the Estimated Shortfall Reduction is greater than the Revenue Shortfall Reduction as finally determined (for the avoidance of doubt, the Revenue Shortfall Reduction as finally determined shall be 0 if the 90% “threshold” described in Section 2.1(a)(iii) above is reached).

  • Floating Amounts Floating Amount Payer: CSIN Floating Amount: Notwithstanding Section 6.1 of the Definitions, the Floating Amount payable by CSIN on a Payment Date will be an amount equal to (a) the Floating Amount calculated pursuant to Section 6.1 of the Definitions plus (b) any Floating Amount Interest Shortfall Reimbursement Amount minus (c) any Floating Amount Interest Shortfall Reduction Amount.


More Definitions of Shortfall Reduction

Shortfall Reduction has the meaning set forth in Section 4.2(e)(i)(A).
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Related to Shortfall Reduction

  • Shortfall Amount as defined in Section 2.6.

  • 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.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

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

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

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

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Appraisal Reduction Event With respect to any Serviced Loan, the earliest of (i) the date on which such Serviced Loan becomes a Modified Asset, (ii) the date on which such Serviced Loan is 60 days or more delinquent in respect of any Monthly Payment, which does not include a Balloon Payment, (iii) solely in the case of a delinquent Balloon Payment, (A) the date occurring 60 days after the date on which such Balloon Payment was due (except as described in the immediately following clause (B)) or (B) if the related Mortgagor has delivered to the Master Servicer (who shall promptly deliver a copy thereof to the Special Servicer) or the Special Servicer (who shall promptly deliver a copy thereof to the Master Servicer) a refinancing commitment acceptable to the Special Servicer prior to the date 60 days after the Balloon Payment was due, the date occurring 120 days after the date on which the Balloon Payment was due (or such shorter period beyond the date on which that Balloon Payment was due during which the refinancing is scheduled to occur), (iv) the date on which the related Mortgaged Property has become an REO Property, (v) a receiver or similar official is appointed and continues for 60 days in such capacity in respect of the related Mortgaged Property, (vi) 60 days after the related Mortgagor is subject to a bankruptcy, insolvency or similar proceedings, which, in the case of an involuntary bankruptcy, insolvency or similar proceeding, is not dismissed within those 60 days, or (vii) the date on which such Serviced Loan remains outstanding five (5) years following any extension of its maturity date pursuant to Section 3.24 of this Agreement. If an Appraisal Reduction Event occurs with respect to any Serviced Mortgage Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Companion Loan(s). If an Appraisal Reduction Event occurs with respect to any Serviced Companion Loan that is part of a Serviced Loan Combination, then an Appraisal Reduction Event shall be deemed to have occurred with respect to the related Serviced Mortgage Loan and any other Serviced Companion Loan(s) included as part of that Serviced Loan Combination. No Appraisal Reduction Event may occur at any time when the aggregate Certificate Balance of all Classes of Principal Balance Certificates (other than the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-AB Certificates) has been reduced to zero. The Special Servicer shall notify the Master Servicer and the Master Servicer shall notify the Special Servicer, as applicable, promptly upon the occurrence of any of the foregoing events.

  • 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.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Interest Shortfall With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows: