Cash Shortfall definition

Cash Shortfall means (a) NIS 695,000,000 minus (b) the Available Cash; provided that if the Cash Shortfall is a negative number, for the purposes of this Agreement the Cash Shortfall shall be deemed to equal zero (0).

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Cash Shortfall has the meaning set forth in Section 2.2(b).

Cash Shortfall means a Cash shortfall of the Borrower (whether in respect of operating or non-operating costs), including without limitation a Cash shortfall from cost overruns from capital expenditures or arising from reclamations of public allowances or grants (Investitionszulagen / Investitionszuschüsse) by the Federal/State Guarantor.

Examples of Cash Shortfall in a sentence

The Company, acting through the Manager shall have the right at any time and from time to time to repay any Cash Shortfall Loan and replace it with a loan from a third party.
The obligations of the Members hereunder shall not confer upon any creditor or other third party having dealings with the Company any right, claim or other benefit, including the right to require any Cash Shortfall Loans.
The Members hereby covenant and agree to structure any Cash Shortfall Loans made pursuant to the terms of this Agreement so that such loans satisfy the “Straight Debt Safe Harbor” under Code Section 856(m) and the Treasury Regulations promulgated thereunder.
Any Cash Shortfall Loan may be repaid at any time without prepayment penalty.
Any Member who makes or proposes to make a Cash Shortfall Loan shall have the right at any time and from time to time to cause the Company to replace the Cash Shortfall Loan with a loan from a third party on terms and conditions that are no worse to the Company than the terms of such Cash Shortfall Loan.

More Definitions of Cash Shortfall

Cash Shortfall has the meaning set out in Section 6(a)(i) of this Part 3;

Cash Shortfall means the amount (if any) by which the amount of Cash is less than the Required Cash.

Cash Shortfall is defined in Exhibit C.

Cash Shortfall shall refer, for a given Business Day, to an amount equal to any net debit balance of all Operating Accounts of the Participating Company denominated in Currency within the limit of the amounts debited that same Business Day by the Company concerned from its Secondary Account.

Cash Shortfall means amount equal to (A) the Minimum Cash Amount minus (B) the Unrestricted Cash as of the Closing.

Cash Shortfall means the amount by which $1,310,000,000 exceeds the Available Closing Cash.

Cash Shortfall means, as of any date (the “Cash Shortfall Date”), the amount equal to the difference (greater than zero) of (i) U.S.$10,000,000 (or its equivalent in other currencies) minus (ii) (A) if the Cash Shortfall Date falls on a date prior to the date on which the Cash Shortfall is determined, the Cash Balance as of the close of business on the Cash Shortfall Date and (B) if the Cash Shortfall Date falls on a date after the date on which the Cash Shortfall is determined, the Issuer’s good faith estimate of what the Cash Balance will be as of the close of business on the Cash Shortfall Date.