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 on the Closing Date means the shareholders' equity determined in accordance with generally accepted accounting principles consistent with those applied in the preparation of the audited financial statements of the Company as at February 28, 1997, as reflected on the Company's audited financial statements as of the Closing Date is less than $250,000.
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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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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.

  • In the event that the Originator shall fail to pay the Required Equity Shortfall when required to be paid pursuant to the terms hereof, the Originator shall indemnify and hold harmless the Administrative Agent, the Purchaser Agents and each Secured Party from and against any and all damages, losses, claims, liabilities and related costs and expenses, including attorney’s fees and disbursements awarded against or incurred by them or any of them as a result of such failure of the Originator.

  • 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.

  • To be treated as Available Principal Collections: Series Allocation Percentage of Minimum Free Equity Shortfall 0.00 xi.

  • Upon receipt of the Required Equity Contribution Notice the Seller shall deposit within the timeframe set forth in Section 2.21 an amount of cash into the Excess Spread Account equal to the Required Equity Shortfall.

  • 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.

  • The Originator hereby agrees, upon receipt of a Required Equity Contribution Notice delivered pursuant to and in accordance with the terms of this Agreement, to deposit into the Excess Spread Account or to otherwise cure within two Business Days the related Required Equity Shortfall as provided in the Required Equity Contribution Notice after giving effect to any deposits to the Excess Spread Account made by the Seller pursuant to Section 6.4(g).

  • 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.

  • If an Equity Shortfall Notice is delivered to MHRx, MHRx shall have the option, exercisable in its sole discretion, to elect to reduce the Initial Cash Merger Consideration by the Equity Shortfall Amount and increase the number of Initial Parent Shares by a number of shares of Parent Common Stock equal to the Equity Shortfall Amount divided by $20.


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
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Equity Shortfall is as defined in Section 3k.
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Equity Shortfall has the meaning set forth in Section 2.4.
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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 Group One 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 in Group One, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Working Capital Shortfall means the amount, if any, by which Working Capital is less than the Working Capital Target.

  • 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.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • 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).

  • Note Principal Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the sum of the Note Monthly Principal Distributable Amount plus any outstanding Note Principal Carryover Shortfall for the preceding Payment Date, over the amount in respect of principal that is actually paid as principal on the Notes on such Payment Date.

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

  • 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.

  • Class B-6 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-6 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-6 Certificates on such Distribution Date pursuant to Paragraph twentieth of Section 4.01(a).

  • Class B-1 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-1 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-1 Certificates on such Distribution Date pursuant to Paragraph fifth of Section 4.01(a).

  • Class A Interest Shortfall Amount As to any Distribution Date and any Class of Class A Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a).

  • 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: