Overall Shortfall definition

Overall Shortfall means an amount, in any payment period, by which the availability payment or other payment due the Developer exceeds the sum of:
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Overall Shortfall means an amount, in any payment period, by which the availability payment or any other payment due the Developer exceeds the sum of (a) Dedicated TIF 1 Revenue, (b) Dedicated TIF 2 Revenue, and (c) the amount, if any, that is drawn on the TIF Support Facility to make a TIF 2 Shortfall Advance in such payment period.
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Examples of Overall Shortfall in a sentence

  • The University and PRF (through the TIF Support Facility), on the one hand, and the City and the RDC, on the other hand, shall take such actions as are necessary or appropriate to fund, on a 50/50 basis, any Overall Shortfall Advance in any payment period in which an Overall Shortfall may occur, subject to the right to recover such advances on a senior priority basis in the manner provided in Section 5.3.24 above.

  • No work can proceed until the agreement is fully executed, including soliciting bids from or executing contracts with consultants or contractors.

  • The recommended capital buffer (the “Overall Shortfall”) of 115 EUR bn, well above the 2.5 EUR bn of the EBA stress test, is defined byEBA Overall Shortfall = max(0, [0.09 ∗ RWA − T 1C]) + Buff SOV, (6)where Buff SOV ≥ 0 is an additional capital buffer for sovereign debt exposures in the European Economic Area (EEA).

  • The recommended capital buffer (the “Overall Shortfall”) of 115 EUR bn, well above the 2.5 EUR bn estimate of the EBA stress test, is defined by EBA Overall Shortfall = max(0, [0.09 ∗ RWA − T 1C]) + Buff SOV, (6) where Buff SOV ≥ 0 is an additional capital buffer for sovereign debt exposures in the European Economic Area (EEA).

  • The University and PRF (through the TIF Support Facility), on the one hand, and the City and the RDC, on the other hand, shall take such actions as are necessary or appropriate to fund, on a 50/50 basis, any Overall Shortfall Advance in any payment period in which an Overall Shortfall may occur, subject to the right to recover such advances on a senior priority basis in the manner provided in Section 5.3.4 above.

Related to Overall Shortfall

  • 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.

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

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

  • Collateral Shortfall Amount is defined in Section 8.1.

  • 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.

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

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

  • 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.

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of: