Debt Service Shortfall definition

Debt Service Shortfall means for any period, the amount by which (i) Debt Service exceeds (ii) the sum of (a) Net Cash Flow for such period and (b) amounts released from reserves during such period for payment of Debt Service.

Debt Service Shortfall means with respect to any Payment Date, the amount by which Debt Service due and payable on said date exceeds the amount actually received by Lender from Borrower on said date.

Debt Service Shortfall means as of any Payment Date, the amount, if any, by which the Debt Service due on such Payment Date in respect of any applicable interest accrual period exceeds Net Cash Flow for the same period.

Examples of Debt Service Shortfall in a sentence

• Lender shall, provided no Event of Default is continuing on the applicable Payment Date on which a Debt Service Shortfall shall exist, release a portion of the funds in the Debt Service Reserve Account to Lender in the amount of the Debt Service Shortfall in order to pay Lender the Debt Service Shortfall on the Payment Date.

• The amount permitted by Lender to be withdrawn from the Debt Service Reserve Funds and applied to the Debt Service due on such Payment Date shall not exceed the amount of such Debt Service Shortfall.

• Borrower may, on written request received by Lender at least five (5) Business Days prior to any Payment Date, request that Lender withdraw sums held as Debt Service Reserve Funds and apply such sums toward the Debt Service due on such Payment Date, provided Borrower delivers evidence acceptable to Lender in all respects that there is a Debt Service Shortfall.

• Lender shall not draw on any Letter of Credit delivered in lieu of any portion of the Debt Service Reserve Funds unless (i) Borrower fails to pay any Debt Service Shortfall or (ii) an Event of Default has occurred and is continuing.

• For the avoidance of doubt, CFin Holdings shall have no obligations in respect of Debt Service Shortfall Payments for any Schedule B-1 Bond.

More Definitions of Debt Service Shortfall

Debt Service Shortfall means, for any scheduled interest payment due and payable under this Consolidated Note on any Payment Date, the lesser of (i) the amount of such interest payment, and (ii) the excess of (A) the amount of such scheduled interest payment due and payable on such Payment Date under this Consolidated Note, over (B) the Available Cash Amount as of the Measuring Date immediately prior to such Payment Date.

Debt Service Shortfall means, for any issue of Public Improvements Bonds, the amount by which the debt service requirements for any payment date for any issue exceeds the sum of

Debt Service Shortfall has the meaning set forth in Section 7.17.

Debt Service Shortfall means the aggregate amount of Delinquent Debt Service Payments due from Defaulting Participants on the Due Date in question.

Debt Service Shortfall means, for any month of determination, amount by which the sum of principal and interest due and payable to the Financing Parties under the DOE Guaranteed Financing in respect of such month (including monthly amounts set aside to provide for 1/6th of a semi-annual debt payment and excluding, for the avoidance of doubt, any requirements to fund any debt service reserve account, operating reserve account, capital expenditure account or any other similar reserve accounts required by the Financing Parties in connection with the DOE Guaranteed Financing and without regard to any cash sweep requirements imposed by the Financing Parties in connection with the DOE Guaranteed Financing) exceeds the sum of (a) the product of the Adjusted Base Contract Price times the applicable MDQ, plus (b) the aggregate Net Incremental Revenues allocable to Seller in such month, plus (c) the aggregate Positive Market Differential allocable to Seller in such month, plus

Debt Service Shortfall means all First Tier Debt Service Shortfalls, Second Tier Debt Service Shortfalls and Trustee Fee Payments.

Debt Service Shortfall means, for a month, an amount equal to the positive difference, if any, of (x) the Debt Service due and payable with respect to the Loans for such month, less (y) the sum of (i) Net Operating Income for such month, and (ii) Organizational Expenses for such month.