Revenue Shortfalls Sample Clauses

Revenue Shortfalls. 5.5 The Issuer Cash Manager shall determine on each Payment Calculation Date, having regard to the Issuer Available Revenue Receipts which the Issuer would expect to receive during the immediately succeeding Interest Period, whether or not there is likely to be a Revenue Shortfall during such immediately succeeding Interest Period.
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Revenue Shortfalls. The Contractor shall pay the Authority for any Revenue Shortfall. Revenue Shortfall is the amount of any shortfall in the amount of Transit Fare Revenues processed, settled or collected for each Fare Transaction from the face value of such Fare Transaction (each a “Revenue Shortfall” and collectively “Revenue Shortfalls”). Revenue Shortfalls also include any Card Fees, Vendor Fees, Chargebacks and any other Contractor Expenses which are deducted or netted from Transit Fares processed or collected in violation of this Section.
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Revenue Shortfalls. The Contractor shall pay the Authority for any Revenue Shortfall. Revenue Shortfall is the amount of any shortfall in the amount of Transit Fare Revenues processed, settled or collected for each Fare Transaction from the face value of such Fare Transaction (each a “Revenue Shortfall” and collectively “Revenue Shortfalls”). Revenue Shortfalls also include any Card Fees, Vendor Fees, Chargebacks and any other Contractor Expenses which are deducted or netted from Transit Fares processed or collected in violation of this Section. Notwithstanding the foregoing, Contractor shall not be liable for Revenue Shortfalls that are the result of fraud, willful misconduct or gross negligence by employees of the Authority or third party contractors that have been appointed by the Authority.
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Revenue Shortfalls. In the event that the amounts on deposit in the Revenue Account are insufficient to make the transfers to the Operating and Maintenance Account required by Section 3.2(c)(i) hereof, the Collateral Trustee shall transfer the additional amounts required to pay the Administrative Fees and Expenses and the Operating and Maintenance Expenses, in that order (or the balances available if less than such amount), from the Surplus Account to the Operating and Maintenance Account.
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Revenue Shortfalls. If on the Business Day immediately preceding a Payment Date, the Collateral Trustee receives a Debt Service Deficiency Certificate from the Company, the Administrative Agent (acting on the instructions of the Required Lenders (as defined in the Term Loan Agreement)), or the Bond Trustee certifying that the balance in the applicable Debt Service Transfer Account is not sufficient to pay the amounts due on such Payment Date, the Collateral Trustee shall transfer:
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Revenue Shortfalls a. Debt Service and City Make Whole Payments will be fully backstopped by the State.
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Related to Revenue Shortfalls

  • Excess Cash Flow No later than ten (10) Business Days after the date on which the financial statements with respect to each fiscal year of Holdings ending on or after December 31, 2019 in which an Excess Cash Flow Period occurs are required to be delivered pursuant to Section 5.01(a) (each such date, an “ECF Payment Date”), the Borrower shall, if and to the extent Excess Cash Flow for such Excess Cash Flow Period exceeds $1,375,000, make prepayments of Term Loans in accordance with Section 2.10(h) and (i) in an aggregate amount equal to (A) the Applicable ECF Percentage of Excess Cash Flow for the Excess Cash Flow Period then ended (for the avoidance of doubt, including the $1,375,000 floor referenced above) (B) minus $1,375,000 minus (C) at the option of the Borrower, the aggregate principal amount of (x) any Term Loans, Incremental Term Loans, Revolving Loans or Incremental Revolving Loans (or, in each case, any Credit Agreement Refinancing Indebtedness in respect thereof), in each case prepaid pursuant to Section 2.10(a), Section 2.16(b)(B) or Section 10.02(e)(i) (or pursuant to the corresponding provisions of the documentation governing any such Credit Agreement Refinancing Indebtedness) (in the case of any prepayment of Revolving Loans and/or Incremental Revolving Loans, solely to the extent accompanied by a corresponding permanent reduction in the Revolving Commitment), during the applicable Excess Cash Flow Period (or, at the option of the Borrower and without duplication, after such Excess Cash Flow Period and prior to such ECF Payment Date) and (y) the amount of any reduction in the outstanding amount of any Term Loans or Incremental Term Loans resulting from any assignment made in accordance with Section 10.04(b)(vii) of this Agreement (or the corresponding provisions of any Credit Agreement Refinancing Indebtedness issued in exchange therefor), during the applicable Excess Cash Flow Period (or, at the option of the Borrower and without duplication, after such Excess Cash Flow Period and prior to such ECF Payment Date), and in the case of all such prepayments or buybacks, to the extent that (1) such prepayments or buybacks were financed with sources other than the proceeds of long-term Indebtedness (other than revolving Indebtedness to the extent intended to be repaid from operating cash flow) of Holdings or its Restricted Subsidiaries and (2) such prepayment or buybacks did not reduce the amount required to be prepaid pursuant to this Section 2.10(f) in any prior Excess Cash Flow Period (such payment, the “ECF Payment Amount”).

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