Debt Service Shortfall means for any period, the amount by which (i) the Company’s share of Debt Service exceeds (ii) the sum of (a) Available Cash for such period and (b) the Company’s share of amounts released from Reserves (including Reserves under the applicable Loan, as hereinafter defined, or any subsequent loan) during such period for payment of Debt Service.
Debt Service Shortfall means with respect to any Payment Date, the amount by which Debt Service due and payable on said date exceeds the amount actually received by Lender from Borrower on said date.
Debt Service Shortfall means as of any Payment Date, the amount, if any, by which the Debt Service due on such Payment Date in respect of any applicable interest accrual period exceeds Net Cash Flow for the same period.
Examples of Debt Service Shortfall in a sentence
It shall be an Event of Default if Borrower fails either to pay down the Loan by the amount of the Debt Service Shortfall or deposit cash or cash collateral in the amount or value of the Debt Service Shortfall within thirty (30) days after notice from Lender to Borrower specifying the amount of the Debt Service Shortfall.
More Definitions of Debt Service Shortfall
Debt Service Shortfall means, for any scheduled interest payment due and payable under this Consolidated Note on any Payment Date, the lesser of (i) the amount of such interest payment, and (ii) the excess of (A) the amount of such scheduled interest payment due and payable on such Payment Date under this Consolidated Note, over (B) the Available Cash Amount as of the Measuring Date immediately prior to such Payment Date.
Debt Service Shortfall means, for any issue of Public Improvements Bonds, the amount by which the debt service requirements for any payment date for any issue exceeds the sum of
Debt Service Shortfall means, with respect to any Annual Scheduled Payment Date, the amount, if any, by which (a) Scheduled Debt Service on such date exceeds (b) funds in the Debt Payment Account available therefor in accordance with the terms of Section 4.2 of the Depositary Agreement, without giving effect to funding sources other than those described in priorities First, Second and Third of Section 4.2.3 of the Depositary Agreement.
Debt Service Shortfall has the meaning set forth in Section 7.17.
Debt Service Shortfall means all First Tier Debt Service Shortfalls, Second Tier Debt Service Shortfalls and Trustee Fee Payments.
Debt Service Shortfall means, for any month of determination, amount by which the sum of principal and interest due and payable to the Financing Parties under the DOE Guaranteed Financing in respect of such month (including monthly amounts set aside to provide for 1/6th of a semi-annual debt payment and excluding, for the avoidance of doubt, any requirements to fund any debt service reserve account, operating reserve account, capital expenditure account or any other similar reserve accounts required by the Financing Parties in connection with the DOE Guaranteed Financing and without regard to any cash sweep requirements imposed by the Financing Parties in connection with the DOE Guaranteed Financing) exceeds the sum of (a) the product of the Adjusted Base Contract Price times the applicable MDQ, plus (b) the aggregate Net Incremental Revenues allocable to Seller in such month, plus (c) the aggregate Positive Market Differential allocable to Seller in such month, plus
Debt Service Shortfall means the aggregate amount of Delinquent Debt Service Payments due from Defaulting Participants on the Due Date in question.