Equity Shortfall definition

Equity Shortfall. As of any date of determination, the positive difference, if any, between (1) the product of (i) the Aggregate Outstanding Asset Balances multiplied by (ii) a percentage equal to 100% minus the Maximum Advance Rate and (2) (i) the Aggregate Outstanding Asset Balances minus (ii) Advances Outstanding.
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Equity Shortfall means the amount, if any, by which the shareholders’ equity as reflected on the Company’s reviewed or audited Closing Financial Statements as of the Closing Date is less than $30 million, with such shareholders’ equity determined in accordance with generally accepted accounting principles consistent with those applied in the preparation of the reviewed or audited financial statements of the Company as at June 30, 2005.
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Equity Shortfall is as defined in Section 3k.
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Examples of Equity Shortfall in a sentence

  • Where your Required Initial Margin exceeds your Total Equity, there will be an Equity Shortfall equal to the absolute value of the difference.

  • Whenever the Equity Shortfall exceeds the Minimum Call specified in your GFS Agreement, we may by notice (an Equity Demand) require you to transfer cash in the Base Currency into your Bank Account (or, with our agreement, other assets) so that your Net Equity is positive.

  • However, we do not have to act on any withdrawal request if it would create an Equity Shortfall, if we need the requested assets to discharge your obligations under any transactions, to cover unpaid Fees and Expenses or if you are subject to a continuing Event of Default.

  • Subrahmanyam (2020), The Covid-19 Shock and Equity Shortfall: Firm-level Evidence from Italy, CEPR COVID Economics, issue 25 and Review of Corporate Financial Studies, vol.

  • However, we do not have to act on any withdrawal request if it would create an Equity Shortfall, if we need the cash to discharge your obligations under any transactions or if you are subject to a continuing Event of Default.

  • We will not be obliged to make any Swap Transfers on your behalf where there is an Equity Shortfall, or to do so would create one.

  • Whenever the Equity Shortfall exceeds the Minimum Call, we may by notice (an Equity Demand) require you to transfer cash in the Base Currency into yourBank Account so that your Net Equity is positive.

  • As long as it would not create an Equity Shortfall we will transfer sufficient cash to satisfy any obligations you have to make Swap Transfers under the Swap Agreement.

  • We will not be obliged to make any Master Agreement Transfers on your behalf where there is an Equity Shortfall, or to do so would create one.

  • As long as it would not create an Equity Shortfall, we will transfer sufficient cash to satisfy any obligations you have to make Master Agreement Transfers.


More Definitions of Equity Shortfall

Equity Shortfall means the amount, if any, by which $60 million exceeds the amount raised by the Purchaser Parent pursuant to the Equity Financing;
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Equity Shortfall means that the underwriter has notified any of the parties that it expects that the IPO will produce an implicit valuation for all of the Parent's equity (valued at the Share Price) of less than $75 million, and none of the RIG Parties has previously given written notice to the Xxxxxxx Parties (acting in good faith) of a material breach of any of the representations, warranties, covenants and agreements that are not Qualifying Representations, Warranties or Covenants or are other than Non-Material Breaches; (iii) "Qualifying Representations, Warranties or Covenants" means those representations, warranties and/or covenants set forth in Sections 3.10 (but only to the extent of litigation that was unknown and not reasonably foreseeable as of the date hereof), 3.16(c) (but only to the extent relating to ordinary wear and tear), 3.17 (but only to the extent of litigation that was unknown and not reasonably foreseeable as of the date hereof), 3.22(g), 3.25(a), 3.27(a), 3.27(m), 3.28, 4.4(a), 4.4(b), 4.6 (but only to the extent of litigation that was unknown and not reasonably foreseeable as of the date hereof), 4.8 (but only to the extent of litigation that was unknown and not reasonably foreseeable as of the date hereof), 4.12(a), 5.6(a), 5.6(b), 5.6(e) and 5.7(k) (provided, however, Sections 5.6(a), 5.6(b), 5.6(e) and 5.7(k) shall constitute Qualifying Representations, Warranties or Covenants only to the extent that the Stockholders had no knowledge of the action(s) giving rise to the claim of breach); and (iv) a "Non-Material Breach" means any breach of the representations, warranties, covenants or agreements set forth herein that could not reasonably be expected, individually or in aggregate, to be likely to lead to the loss by any or all of the RIG Parties, on the one hand, or the Xxxxxxx Parties, on the other, of greater than $150,000.
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Equity Shortfall has the meaning set forth in Section 2.4.
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Equity Shortfall means, on any date during the Availability Period, that the Available Resources are less than the Uses of Funds, than calculated as at the same date of calculation of the Uses of Funds.
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Related to Equity Shortfall

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Working Capital Shortfall means the amount by which the Anticipated Working Capital Amount exceeds Minimum Net Operating Working Capital.

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Series Principal Shortfall means with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Principal Shortfalls shall have the meaning specified in Section 4.04.

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class B Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed to the class B noteholders on that distribution date.

  • Cumulative Series Principal Shortfall means the sum of the Series Principal Shortfalls (as such term is defined in each of the related Series Supplements) for each Series in Group One.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

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

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

  • Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess, if any, of the Principal Distribution Amount over the Monthly Principal Distributable Amount.

  • 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.

  • 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: