Cash Grant Shortfall definition

Cash Grant Shortfall means the excess of (x) the aggregate Estimated Cash Grant Amount portion of the Class B Member’s Capital Contributions to the Company on or prior to such Equity Capital Contribution Date, over (y) the sum of (i) all cash distributed to the Class B Member pursuant to Section 6.1(a)(i) and Section 6.1(b)(i), plus (ii) the reasonably estimated amount of Cash Grant proceeds expected to be received in connection with a future or pending Cash Grant Application. The Parties agree that any or all amounts of Cash Grant Shortfall caused by a Class B Recapture Event shall be deemed to be zero for purposes of this definition.
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Cash Grant Shortfall means, collectively (but without duplication): (a) (X) the positive difference between (i) the aggregate outstanding amount of the Loans, minus (ii) the aggregate amount of the Cash Grant applied for by Borrower under the Cash Grant Application, plus (Y) the positive difference between (i) the aggregate amount of the Cash Grant applied for by Borrower under the Cash Grant Application, minus (ii) the Cash Grant received by Borrower and applied to repay the Loans; and (b) in the event that, as of the Maturity Date, no Cash Grant has been received, the aggregate outstanding amount of the Loans.
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Cash Grant Shortfall means the difference between the aggregate amount of the Cash Grant applications by the Silver State Acquired Companies and the aggregate amount of Cash Grant payments paid to date by the United States Treasury to the Silver State Acquired Companies.
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Examples of Cash Grant Shortfall in a sentence

  • Except for the Sponsor Cash Grant Shortfall Guaranty and for transactions related to Phase II, directly or indirectly enter into any transaction or series of transactions with or for the benefit of an Affiliate without the prior written approval of Lender, which consent (prior to the occurrence and continuation of an Event of Default) may not be unreasonably withheld.

  • Funding Source: $7.50 Vehicle License Tax Fund BC2019-907Department of Development, submitting an amendment to Agreement No. AG1900106 with Cleveland State University for economic research and advice services in connection with the 5-year Economic Development Plan for the period 2/25/2019 – 12/31/2019 to extend the time period to 6/30/2020 and for additional funds in the amount not-to-exceed $65,000.00.

  • Either Idaho Sponsor or Sponsor shall default in the payment of its obligations under the Sponsor Cash Grant Shortfall Guaranty.


More Definitions of Cash Grant Shortfall

Cash Grant Shortfall. Has the meaning set forth in the Recitals to this Agreement.
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Cash Grant Shortfall means the difference between the approximately $569,943,470 (after applying sequestration at an assumed rate of 7.3%) aggregate amount of the Cash Grant applications by the Desert Sunlight Project Companies and Desert Sunlight Holdings and the aggregate amount of $514,954,294 of Cash Grant payments paid to date by the United States Treasury to the Desert Sunlight Project Companies and Desert Sunlight Holdings.
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Related to Cash Grant Shortfall

  • 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:

  • 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.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Uncompensated Interest Shortfall With respect to a Loan Group, for any Distribution Date, the sum of (i) the aggregate Relief Act Shortfall for such Distribution Date with respect to the Mortgage Loans in such Loan Group, (ii) aggregate Curtailment Shortfall for such Distribution Date with respect to the Mortgage Loans in such Loan Group and (iii) the excess, if any, of (a) aggregate Uncollected Interest for such Distribution Date with respect to the Mortgage Loans in such Loan Group over (b) Compensating Interest for such Distribution Date with respect to the Mortgage Loans in such Loan Group. Uncompensated Interest Shortfall for Loan Group I shall be allocated to the Group I-L Regular Interests and the portions of the Group C-B-L Regular Interests that derive their Interest Distribution Amounts from the Group I Loans, pro rata according to the amount of interest accrued but unpaid on each such Class or portion thereof, in reduction thereof. Uncompensated Interest Shortfall for Loan Group II shall be allocated to the Group II-L Regular Interests and the portions of the Group C-B-L Regular Interests that derive their Interest Distribution Amounts from the Group II Loans, pro rata according to the amount of interest accrued but unpaid on each such Class or portion thereof, in reduction thereof. Uncompensated Interest Shortfall for Loan Group I shall be allocated to the Class I-X-M, Class C-Y-1 and Class C-Z-1 Regular Interests, pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof. Uncompensated Interest Shortfall for Loan Group II shall be allocated to the Class II-X-M, Class C-Y-2 and Class C-Z-2 Regular Interests, pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof.

  • 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.

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

  • Prepayment Interest Shortfall As to any Distribution Date and any Mortgage Loan (other than a Mortgage Loan relating to an REO Property) that was the subject of (a) a Principal Prepayment in Full during the portion of the related Prepayment Period that falls during the prior calendar month, an amount equal to the excess of one month's interest at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the Stated Principal Balance of such Mortgage Loan over the amount of interest (adjusted to the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan)) paid by the Mortgagor for such month to the date of such Principal Prepayment in Full or (b) a Curtailment during the prior calendar month, an amount equal to one month's interest at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the amount of such Curtailment.

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

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

  • Net Prepayment Interest Shortfall For any Distribution Date, the amount by which the sum of the Prepayment Interest Shortfalls exceeds the sum of the Compensating Interest payments made on such Distribution Date.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Liquidation Loss Amount With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.

  • 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.

  • Net Prepayment Interest Shortfalls As to any Distribution Date and Loan Group, the amount by which the aggregate of Prepayment Interest Shortfalls for that Loan Group during the related Prepayment Period exceeds the amount of Compensating Interest available to such Loan Group for such Distribution Date.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Collateral Interest Shortfall shall have the meaning specified in subsection 4.02(c).

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