Overall Shortfall definition

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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Overall Shortfall means an amount, in any payment period, by which the availability payment or other payment due the Developer exceeds the sum of:
Sample 1Sample 2
Overall Shortfall means an amount, in any payment period, by which the availability payment or other payment due the Developer exceeds the sum of: (a) the Dedicated TIF 1 Revenue scheduled for the current payment period in the TIF 1 Commitment Schedule, (b) the additional amount, if any, that is provided by the City and the RDC through the TIF 1 Property Tax Back-Up or provided in the debt service reserve fund of the trust indenture for bonds issued for the Project in order to cover the full TIF 1 Pro Rata Share of such payment,
Sample 1

Examples of Overall Shortfall in a sentence

  • Lessee may rely on the foregoing for a total of three (3) Excluded Lease Years and, thereafter, the Overall Shortfall Cure Percentage shall increase to one hundred percent (100%).

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

  • 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.

  • GRB analyses the impact of a budget on gender equality and provides a process for adapting budgetary decision making and priority setting.

  • 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.

  • 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).

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, if any, by which Working Capital is less than the Working Capital Target.

  • 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 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.

  • 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).

  • 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.

  • Matured Principal Shortfall means, with respect to any Distribution Date and for any Class of Notes which would have a remaining principal balance greater than zero on such Distribution Date, after taking into account the payment of all other principal amounts to such Class on such Distribution Date and as to which such Distribution Date is either the Final Scheduled Distribution Date for such Class, or a Distribution Date subsequent to such Final Scheduled Distribution Date, the remaining principal balance of such Class on such Distribution Date after taking into account the payment of all other principal amounts to such Class on such Distribution Date.

  • 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.

  • Unpaid Basis Risk Shortfall With respect to any Distribution Date and any LIBOR Certificate, the aggregate of all Basis Risk Shortfalls with respect to such Certificate remaining unpaid from previous Distribution Dates, plus interest accrued thereon at the applicable Certificate Interest Rate (calculated without giving effect to the applicable Net Funds Cap) but limited to a rate no greater than the applicable Maximum Interest Rate.

  • 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).

  • Unfunded Exposure Shortfall has the meaning set forth in Section 8.1(a).

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

  • 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.

  • 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 Cut-off 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:

  • 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.