Cash Flow Shortfall definition

Cash Flow Shortfall means, as of the date of any calculation, the excess of the Operating Reserve Amount over the Ending Cash Balance.
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Cash Flow Shortfall shall have the meaning specified in Section 9.2.3.
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Cash Flow Shortfall means, with respect to any fiscal year, the amount, if any, determined as of the end of the first quarter of the immediately following fiscal year by which (a) the product of (i) a Partner’s share of the Partnership’s net taxable income for the immediately preceding taxable year and (i) the highest effective income tax rate applicable to the taxable income allocated to such Partner for such year exceeds (b) the total cash that has been distributed to such Partner pursuant to Section 9.1 and Section 9.2.1 hereof during such first quarter and the immediately preceding three quarters. For purposes of the preceding sentence, the highest effective income tax rate applicable to any taxable income allocated to a Partner shall equal the highest combined federal, state, and local income tax rate applicable to any portion of the taxable income allocated to that Partner.
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Examples of Cash Flow Shortfall in a sentence

  • Subject to the provisions of this Article 3, a Call Notice shall be deemed approved by the Shareholders unless either Shareholder has, within fifteen (15) days after delivery of the Call Notice, delivered to Dow Corning a written objection by notice to all Parties that a Cash Flow Shortfall does not exist and/or that the Call Notice does not comply with the requirements for Call Notices set forth in Section 3.03.

  • In the event that a Cash Flow Shortfall exists, Dow Corning shall be entitled to call upon the Shareholders to lend funds to Dow Corning under the Credit Facility subject to the terms of this Article 3.

  • Hence the notation Ud we adopt to keep in mind that this utility function operates as the decision function of the agent but does not yield her actual welfare (Jimenez-Gomez, 2018).Moreover, to disentangle health preferences and risk aversion, in our model we resort to an expected utility function `a la Kihlstrom-Mirman (1974).

  • Table 3: Impact of Retail Margin and Capital Costs on Base Case Cash Flow Shortfall Capital Costs Retail Margin *Base Case In Table 4, we look at the effect of a shorter[term loan compared to our base case of 10 years.

  • Cash Flow MarginAdjusted Existing Cash Flow- Existing (Current) Interest and Principal Payments on all non-Fund Debt- Proposed Project Debt Service (Principal and Interest)= Cash Flow Margin or (Cash Flow Shortfall if negative) The Existing Cash Flow Coverage Ratio is defined as the adjusted existing cash flow divided by the proposed debt service (principal and interest on both existing and (Downtown Restaurant Infrastructure Fund, project debt).

  • Cash Flow Margin- Existing Interest and Principal Payments on all Non-Fund Debt- Proposed (DDD Fund Funded) Project Debt Service (Principal and Interest)= Cash Flow Margin or (Cash Flow Shortfall if negative) And the projected cash flow coverage ratio must be greater that the below formula: Projected Cash Flow Coverage Projected Cash Flow > 1:1 All Proposed Debt Service Proposed loans that exceed the above ratio are assigned a Class II classification.

  • The Commitment Letter provides that Alliant Capital commits to funding the Plan A and Plan B Cash Flow Shortfall Escrow, the Additional Plan Funding, and the Additional Plan Funding Reserve accounts so long as a Debtor is not in default under the plan which results in a dismissal or conversion of a Debtor’s case or so long as relief from stay or other relief is not given which permits creditors to enforce their state law rights and remedies against a Debtor and/or its property.

  • Thirty (30) days prior to the beginning of each calendar quarter during the Management Term and any Renewal Term, ASM Global will submit to the City an invoice for the projected Cash Flow Shortfall for such quarter and the City will transfer such funds to ASM Global within five (5) days after the start of such calendar quarter.

  • Cash Flow Margin - Existing Interest and Principal Payments on all Non-Fund Debt- Proposed (DDD Fund Funded) Project Debt Service (Principal and Interest)= Cash Flow Margin or (Cash Flow Shortfall if negative) And the projected cash flow coverage ratio must be greater that the below formula: Projected Cash Flow Coverage Projected Cash Flow > 1:1 All Proposed Debt Service Proposed loans that exceed the above ratio are assigned a Class II classification.

  • Addressing a Cash Flow Shortfall: 1) Consideration should be given to drawing down on existing credit facilities, while the credit institution may still allow it.2) Small Business Administration (“SBA”) Economic Injury Disaster Loan.

Related to Cash Flow Shortfall

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

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Excess Cash Flow means, for any period, an amount equal to the excess of:

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • 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.

  • Working Capital Shortfall means the amount by which the Anticipated Working Capital Amount exceeds Minimum Net Operating Working Capital.

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Net Loss Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of:

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.