Commitment Shortfall definition

Commitment Shortfall means the amount by which:

Commitment Shortfall means the amount by which (a) the aggregated Unfunded Amount exceeds (b) the sum of (i) the Undrawn Commitment, plus (ii) amounts on deposit in the Collection Account, including Eligible Investments credited thereto, representing Principal Proceeds, plus (iii) amounts on deposit in the Future Funding Reserve Account, including Eligible Investments credited thereto.

Commitment Shortfall means, as of any date of determination, the positive excess, if any, of (A) the Unfunded Amount over (B) the Available Unfunded Amount.

Examples of Commitment Shortfall in a sentence

• The Borrower shall not terminate or reduce the Total Commitment (including, without limitation, pursuant to Section 2.05(b)) if, to the extent that after giving effect to such reduction or termination, a Commitment Shortfall shall exist.

• The Borrower shall not terminate or reduce the Total Commitment if, to the extent that after giving effect to such reduction or termination, a Commitment Shortfall shall exist.

• Notwithstanding the foregoing or anything else to the contrary contained in this Agreement, for purposes of calculating the Minimum Unit Sales Commitment Shortfall for any Make Whole Payment Commercial Year, the Minimum Unit Sales Commitment for such Commercial Year shall be reduced by the number of Ineligible Months, if any, in such Commercial Year, divided by twelve.

• If Customer submits Purchase Orders for at least the amount of the Total Minimum Purchase Commitment Shortfall within such 30-day payment period and such Purchase Order requires delivery of Corvis Equipment, Software and Services within three (3) calendar months, Customer will receive, for application against such Purchase Orders, a credit for the full amount of the payment made for the Total Minimum Purchase Commitment Shortfall.

• The Borrower shall not terminate or reduce the Total Commitment (including, without limitation, pursuant to Section 2.05(b)) to the extent that after giving effect to such reduction or termination, a Commitment Shortfall shall be other than zero.

More Definitions of Commitment Shortfall

Commitment Shortfall means, as of any date of determination, the positive excess, if any, of (A) the Portfolio Exposure Amount over (B) the Available Unfunded Amount.

Commitment Shortfall shall have the meaning set forth in Section 5.03(c).

Commitment Shortfall means, as of any date of determination, the greater of (a) zero, and (b) the Portfolio Exposure Amount, minus the Available Unfunded Amount.

Commitment Shortfall means, at any date of determination, (i) with respect to the Lenders, the amount, if any, by which the Lenders' Unfunded Amount exceeds the Lenders' aggregate Available Commitments after deducting the Defaulted Lender's Available Commitment and (ii) with respect to the Certificate Holders, the amount, if any, by which the Certificate Holders' Unfunded Amount exceeds the Certificate Holders' aggregate Available Commitments after deducting the Defaulted Certificate Holder's Commitment Amount.

Commitment Shortfall is defined in Section 3.5(b) of the Transaction Agreement.

Commitment Shortfall has the meaning assigned to such term in Section 3.2(b).

Commitment Shortfall shall exist if the Outstanding Senior Loans plus the Uncovered Amount would exceed the Senior Lender Funding Commitment.