Distribution Shortfall definition

Distribution Shortfall means, with respect to any calendar quarter during the Term, the amount by which Quarterly Distributions exceed MFFO for such quarter or, in the event MFFO is negative, the amount of the Quarterly Distributions for such quarter.

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Distribution Shortfall means, with respect to any calendar quarter during the Term, the amount by which Quarterly Distributions exceed AFFO for such quarter or, in the event AFFO is negative, the amount of the Quarterly Distributions for such quarter.

Distribution Shortfall means, with respect to any month during the Term, the amount by which Monthly Distributions exceed NII for such month or, in the event NII is negative, the amount of the Monthly Distributions for such month.

Examples of Distribution Shortfall in a sentence

In the event of a Distribution Shortfall for any calendar quarter during the Term, the Sponsor shall purchase Class I Shares from the Company in an aggregate amount equal to the Distribution Shortfall; provided, however, that the Sponsor’s obligation to purchase Class I Shares pursuant to this Agreement, shall be limited to an aggregate of $5,000,000 (when aggregated with any Shares the Sponsor or its Affiliates purchased in order to satisfy the minimum offering requirements set forth in the Prospectus).
In the event of a Distribution Shortfall for any calendar quarter during the Term, NRFC shall purchase Shares from the Company in an amount equal to the Distribution Shortfall; provided, however, that NRFC shall not be obligated to purchase Shares for any quarter in which AFFO for such quarter exceeds the Threshold Amount and further provided, that NRFC’s obligation to purchase Shares pursuant to this Agreement shall be limited to an aggregate of $10,000,000 in purchase amount.
Any Tax Distribution Shortfall Amounts will be carried forward to subsequent Fiscal Years and will be distributed when and to the extent that the Company has sufficient Available Cash.
Any outstanding Tax Distribution Shortfall Amounts must be resolved prior to making (or must be taken into account in making) any distribution under Section 3.1 or Section 9.3(a).
In the event that the Net Operating Cash Flow distributed for a particular quarter is less than the Preferred Distribution Shortfall for all classes or series of Preferred Units, then all Net Operating Cash Flow for the current quarter shall be distributed to the holders of Preferred Units in accordance with their respective priority as set forth in the Preferred Unit Designations.

More Definitions of Distribution Shortfall

Distribution Shortfall has the meaning set forth in Section 5.08.

Distribution Shortfall means, on any Business Day:

Distribution Shortfall means, as to each Partner for a Fiscal ---------------------- Year, the positive difference, if any, between (i) the product of (A) the Tax Distribution Ratio for the applicable Maximum Tax Partner for such Fiscal Year, multiplied by (B) the amount of the Net Profits Allocation allocated for such Fiscal Year (excluding any 704(c) Allocations) to the Partner for which the Distribution Shortfall is being computed, less (ii) the Minimum Tax Distributions made to such Partner for such Fiscal Year. Distribution Shortfalls for the Partners shall be computed once all Minimum Tax Distributions for a Fiscal Year have been made to the Partners and shall apply only with respect to Minimum Tax Distributions made after the Effective Date.

Distribution Shortfall shall have the meaning ascribed to it in Section 10.1(a).

Distribution Shortfall means, at any time, the amount by which (a) the Minimum Quarterly Distribution for the most recently ended period of four fiscal quarters exceeds (b) Adjusted Operating Surplus for such period.

Distribution Shortfall means with respect to any calendar quarter during the Term ending on or prior to December 31, 2017, the amount by which Quarterly Distributions exceed AFFO for such quarter or, in the event AFFO is negative, the amount of the Quarterly Distributions for such quarter.

Distribution Shortfall has the meaning given to it in Section 1 of Part A of Schedule 9 (Payment Schedule).