Shortfall Funding definition

Shortfall Funding has the meaning given in Section 6.7(c).
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Shortfall Funding has the meaning set forth in Section 3.7(b).
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Shortfall Funding shall have the meaning ascribed in Section 8.04(c). “Shortfall Funding Priority Return.” Repayment of a Member’s Shortfall Funding at a twenty percent (20.0%) Internal Rate of Return.
Sample 1

Examples of Shortfall Funding in a sentence

  • KCM shall use reasonable endeavours to ensure that Vedanta or VRHL discharges the Shortfall Funding Commitment and provides or, as the case may be, procures financing for the Konkola Ore Body Extension Project, in each case, substantially in the manner, on the terms and in the amounts set out in the Shareholders' Agreement.

  • AND WHEREAS the Company may from time to time make Funding Requests or Shortfall Funding Requests under the Shareholders' Agreement and the Shareholders have agreed to make available Shareholder Loans including, if applicable, Shortfall Loans to the Company to fund such Funding Requests or Shortfall Funding Requests subject to the terms and conditions of this Agreement.

  • The Developer shall deposit the Developer Shortfall Funding Advance in the Developer Funds Account described in the Escrow Agreement on or before the first to occur of the following: (a) at the time of any sale or refinance of any part of the Multi-Family Parcel by the Developer; (b) at the time of issuance of a building permit for construction of any improvements on the Multi-Family Parcel; or (c) June 1, 2023.

  • Total Available Amount is the sum of the available amount of the Shortfall Funding Arrangement and the balance in the Payment Default Shortfall Fund.

  • In consideration of the Town’s agreement to sell the Water Shares to the Developer, and for other good and valuable consideration, the Developer agrees to contribute the Developer Shortfall Funding Advance into the Developer Funds Account (“Developer Contribution”) on or before the earlier to occur of the following: (i) the sale of the Property or any portion thereof to a third-party; (ii) the refinancing of the Property; or (iii) June 1, 2023.

  • This Release shall be conclusive evidence that the Developer Shortfall Funding Advance required by the Covenants has been made and by the Developer and that the lien of the Declaration is hereby released by the Town.

  • Pursuant to the Developer Contribution Agreement and related agreements, the Town has agreed to sell and transfer to the Developer 19.6 shares of water (the “Water Shares”) for $550,000 per share in return for the Developer’s deposit of the Developer Shortfall Funding Advance into the Developer Funds Account described in the Escrow Agreement.

  • Lender shall provide the Advance on the Shortfall Funding Date and in any event at least 3 business days before a Bond Interest Payment Date or Bond Principal Payment Date.

  • At least five (5) Business Days prior to a Shortfall Funding Date, Borrower shall provide the Lender with an Advance Request.

  • For the purposes of this Agreement, the Developer Shortfall Funding Advance shall be confirmed in writing by the Escrow Agent.


More Definitions of Shortfall Funding

Shortfall Funding means the portion of a Proposed Funding which is made available to the Company by the remaining Member (other than such Member's pro rata share of any Capital Contribution included in such Proposed Funding). Any Shortfall Funding shall be made as a Capital Contribution and shall accrue dividends at a rate equal to the General Interest Rate.
Sample 1
Shortfall Funding shall have the meaning ascribed in Section 8.04(c). “Shortfall Funding Priority Return.” Repayment of a Member’s Shortfall Funding at a twenty percent (20.0%) Internal Rate of Return.
Sample 1

Related to Shortfall Funding

  • Shortfall Amount as defined in Section 2.6.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit pursuant to Section 6.01 hereof.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.

  • Pre-Funding Period means the period beginning on the Closing Date and ------------------ ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Additional Funding has the meaning prescribed to that term in clause 4.3 of this Agreement.

  • Group I means Series 1997-1 and each other Series specified in the related Supplement to be included in Group I.

  • 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.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

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

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Relief Act Interest Shortfall With respect to any Distribution Date and any Mortgage Loan, any reduction in the amount of interest collectible on such Mortgage Loan for the most recently ended calendar month as a result of the application of the Relief Act.