Operating Shortfall definition

Operating Shortfall shall have the meaning set forth in Section 3.3(a) of this Agreement. 1.84
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Operating Shortfall means, as of any measurement date (including, without limitation, a Put/Call Measurement Date or a termination of employment), the amount, if any, by which the actual operating expenses of the LLC exceeded the Operating Cash Flow of the LLC (including previously reserved Operating Cash Flow) during the twelve (12) months ending on the last day of the calendar quarter in which the measurement date occurs.
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Operating Shortfall has the meaning given to such term in Section 9.18(d).
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Examples of Operating Shortfall in a sentence

  • JoAnn Sutton, Executive Director, explained that in order to draw down the second increment of Operating Shortfall funds, the Manhattan Housing Authority was required by HUD to agree to a ‘temporary Improvement Plan” since the formal Recovery Agreement and Action Plan has not been approved and executed yet.

  • The Operating Shortfall will be funded by the Rate Stabilisation Reserve, and will not impact the City’s tax-supported Operating Budget.

  • Eliminating the Operating Shortfall: Escalating Tax Increase ScenarioChart 2, appearing below, is reprinted from the City’s fiscal plan.

  • You can suffer from wiper judder if the blades are old, or if there is contamination on the windscreen.

  • It was uncertain if MHA would be able to access the second increment of Operating Shortfall funding3.

  • Increase in cash will not only occur through increased occupancy, but also through having the Action Plan negotiated between MHA and HUD approved in order that the second increment of Operating Shortfall Funds of approximately $91,000 will become available.

  • Frisbie reviewed the following summary of the 2020-2021 Budget.Total Estimated Revenues‐January$44,972,905Total Estimated Expenditures$48,468,049Estimated Operating Shortfall (before millage increase)$(3,495,144)Millage Increase to Index (0.4320 mills)$713,000Millage Increase‐Act 1 Exceptions (0.1737 mills)$287,000Revised Operating Shortfall‐January$($2,495,144)L.

  • A.1. Operating Shortfall of the City-Run Child Care Centres‌3% of Toronto's child care spaces are in the 52 City-run child care centresChildren's Services directly operates 52 child care centres with a licensed capacity for 2,921 spaces, representing about three per cent of the total 83,587 licensed child care spaces in the City.

  • The next section will, therefore, explain Corporate Social Responsibility (CSR) and why it is important that organizations take their responsibility in certain ways.

  • HST) SOURCE: SKYLINE NOV 2016 PRESENTATIONRecovery of Operating Shortfall – 2 Years•This new charge is to recapture over a 2-Year Period Deficits incurred in 2014 and 2015 in a total amount of $168,561•The Annual Operating Cost Item under By-law 2014-012 raised a total amount of$540,8493 (incl.


More Definitions of Operating Shortfall

Operating Shortfall means as of the last day of any calendar month ending after the Closing Date the amount, if any, by which unpaid Operating Expenses for such calendar month exceed the Distributable Cash on the last day of such calendar month.
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Operating Shortfall shall have the meaning given to such term in Section 4.7(d).
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Operating Shortfall means the extent to which, for any Operating Year, Expenses and any other expenditures which are normal and customary in connection with a hotel or condohotel operation other than those explicitly excluded under the definition of "Expenses", exceed Gross Revenues.
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