Payment Shortfall definition

Payment Shortfall for a Payment Facility, means:

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Payment Shortfall has the meaning assigned thereto in Section 15(a) hereof.

Payment Shortfall has the meaning set forth in ‎Section 3.05(e).

Examples of Payment Shortfall in a sentence

• Any Accelerated Payment Shortfall Notice shall be delivered by 2:00 p.m. Eastern time, on the Business Day preceding such Distribution Date.

• Such Accelerated Payment Shortfall Notice shall direct the Collateral Agent to remit such Accelerated Payment Amount Shortfall to the Trust Collateral Agent (to the extent of funds available to be distributed in the Spread Account) for deposit in the Collection Account on the related Distribution Date.

• That portion of any Capacity Payment Shortfall which is not recovered in any month shall be carried over to each subsequent month thereafter until recovered by Buyer in full from Seller.

• The Capacity Payment Shortfall shall be increased by interest at the Prime Rate divided by 365 on the maximum amount of the Capacity Payment Shortfall on that day and shall be recovered by Buyer as a credit against the otherwise applicable Monthly Capacity Payment owed to Seller in any following month and by drawing on the Carry-Over-Letter of Credit as provided below.

• Such Accelerated Payment Shortfall Notice shall direct the Collateral Agent to remit such Accelerated Payment Amount Shortfall (to the extent of funds available to be distributed in the Spread Account) to the Trust Collateral Agent for deposit in the Collection Account on the related Distribution Date.

More Definitions of Payment Shortfall

Payment Shortfall shall have the meaning set forth in Section 2.06.

Payment Shortfall has the meaning in Section 1(e) of Exhibit F.

Payment Shortfall has the meaning given in the Auction Procedures. Prudential Exposure, for the Auction Participant at any time, means the amount of its actual or contingent liability calculated by AEMO under clause A.6.8 or clause A.9 (as applicable).

Payment Shortfall means, on a Determination Date, the amount by which the Available Income is insufficient to meet the Required Payments as calculated on that Determination Date.

Payment Shortfall means, in relation to a Collection Period, the amount (if any) by which the Total Payments for that Collection Period exceed the Available Income for that Collection Period.

Payment Shortfall means (i) with respect to any Simple Interest Receivable and any Collection Period, the excess of (A) the product of

Payment Shortfall means, in relation to any Collection Period, the amount (if any) by which Total Payments for that Collection Period exceed the Available Income for that Collection Period. PREMISES means the area labelled "Crusade Global Trust No. 1 of 2001" located in a secure area on Lower Ground Floor, ▇▇.▇▇▇▇▇▇ House, ▇-▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Kogarah, New South Wales 2217 (or such other premises as the Custodian proposes, and the Trustee agrees to in writing).