Profit Shortfall definition

Profit Shortfall means the excess, if any, of the Warranted Pre-Tax Profit over the Actual Pre-Tax Profit, subject to the limitations set forth in this Section 1.3.
Sample 1Sample 2
Profit Shortfall means the cumulative amount, if any, by which Gross Profits of the Acquired Businesses have fallen short of $5,250,000 for each of 1998, 1999, 2000, 2001 or 2002.
Sample 1Sample 2
Profit Shortfall means (a) the shortfall between RMB100 million and the Net Profits; or (b) RMB$100 million if the Net Profits are zero or less than zero
Sample 1

Examples of Profit Shortfall in a sentence

  • Upon the occurrence of a 2016 Net Profit Shortfall, the Purchaser may reduce the portion or the whole of the Profit Guarantee Retained Consideration.

  • Upon the occurrence of a 2017 Net Profit Shortfall or 2018 Net Profit Shortfall, the Vendors will be required to pay to the Purchaser such amount of shortfall in cash.

  • In the event that the Vendors shall fail to pay the Profit Shortfall and/or the Net Asset Shortfall within the time stipulated in Section 3.2 (c) above, PMHB shall be entitled to commence legal proceeding against the Vendors to recover such Profit Shortfall and/or Net Asset Shortfall.

  • The parties agree that in the event the Profit Shortfall and/or Net Asset Shortfall shall exceed the Guaranteed Profit and/or Net Asset Guarantee, the Vendors‟ liability in relation to the Profit Shortfall and/or Net Asset Guarantee payable shall be limited to a total sum of Ringgit Malaysia Fifteen Million only (RM15,000,000) (“Maximum Shortfall”).

  • Upon the occurrence of a 2016 Net Profit Shortfall, the Purchaser may reduce the portion or the whole of the Profit Guarantee Retained Consideration.Given that he Vendors irrevocably guarantee to the Purchaser that each of the 2016 Net Profit, 2017 Net Profit and 2018 Net Profit shall not be less than RMB50,000,000, we are of the view that the Company’s interest shall be safeguard against of the potential risk of unsatisfactory financial performance of the Target Group during the guaranteed period.

  • Upon the occurrence of a 2016 Net Profit Shortfall, the Purchaser may reduce the number of Consideration Shares from the said 300,000,000 Consideration Shares, calculated based on the following formula: A = 2016 Net Profit Shortfall/HK$0.20, being the issue price per share of the Consideration Shares Where ‘‘A’’ is the number of Consideration Shares to be reduced from the 300,000,000 Consideration Shares (subject to adjustment, if any) which have not yet been issued by the Company upon Completion.

  • The proceeds from the disposal and/or sale of the Consideration Shares equivalent to the amount of the Profit Shortfall shall be paid to PTTSB within seven (7) days from the receipt of the said proceeds by the Nominee.

  • The maximum aggregate Profit Shortfall Compensation during the Profit Guaranteed Period for which the First Seller is liable shall not exceed HK$82,000,000, representing 51% of the accumulated Guaranteed Net Profit during the Profit Guaranteed Period.

  • In respect of the terms of the Supplemental SPA, after audit confirmation is received on the audited aggregate financial result of RYRT International for the period from 1 September 2021 to 31 December 2024, if there is a profit shortfall, the Guarantors shall compensate CICC in cash equivalent to 100% of the Profit Shortfall.

  • On 11 April 2005, the Company, the promoters of BBMSB and myself came to an agreement for a proposed cash settlement of the Profit Shortfall of RM 6,978,359 by me.


More Definitions of Profit Shortfall

Profit Shortfall means (a) the shortfall between RMB100 million and the Net Profits;
Sample 1
Profit Shortfall has the meaning given in clause 8.2(c).
Sample 1

Related to Profit Shortfall

  • Relief Act Shortfall With respect to any Distribution Date and any Mortgage Loan, any reduction in the amount of interest or principal collectible on such Mortgage Loan for the most recently ended calendar month as a result of the application of the Relief Act.

  • 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:

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

  • Relief Act Shortfalls With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Civil Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

  • Uncompensated Interest Shortfall With respect to a Loan Group, for any Distribution Date, the sum of (i) the aggregate Relief Act Shortfall for such Distribution Date with respect to the Mortgage Loans in such Loan Group, (ii) aggregate Curtailment Shortfall for such Distribution Date with respect to the Mortgage Loans in such Loan Group and (iii) the excess, if any, of (a) aggregate Uncollected Interest for such Distribution Date with respect to the Mortgage Loans in such Loan Group over (b) Compensating Interest for such Distribution Date with respect to the Mortgage Loans in such Loan Group. Uncompensated Interest Shortfall for Loan Group I shall be allocated to the Group I-L Regular Interests and the portions of the Group C-B-L Regular Interests that derive their Interest Distribution Amounts from the Group I Loans, pro rata according to the amount of interest accrued but unpaid on each such Class or portion thereof, in reduction thereof. Uncompensated Interest Shortfall for Loan Group II shall be allocated to the Group II-L Regular Interests and the portions of the Group C-B-L Regular Interests that derive their Interest Distribution Amounts from the Group II Loans, pro rata according to the amount of interest accrued but unpaid on each such Class or portion thereof, in reduction thereof. Uncompensated Interest Shortfall for Loan Group I shall be allocated to the Class I-X-M, Class C-Y-1 and Class C-Z-1 Regular Interests, pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof. Uncompensated Interest Shortfall for Loan Group II shall be allocated to the Class II-X-M, Class C-Y-2 and Class C-Z-2 Regular Interests, pro rata according to the amount of interest accrued but unpaid on each such Class, in reduction thereof.

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • 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 Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

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

  • Liquidation Loss Amount With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.

  • Net Short means, with respect to a Holder or beneficial owner, as of a date of determination, either (i) the value of its Short Derivative Instruments exceeds the sum of the (x) the value of its Notes plus (y) the value of its Long Derivative Instruments as of such date of determination or (ii) it is reasonably expected that such would have been the case were a Failure to Pay or Bankruptcy Credit Event (each as defined in the 2014 ISDA Credit Derivatives Definitions) to have occurred with respect to the Company or any Guarantor immediately prior to such date of determination.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • 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.

  • Relief Act Interest Shortfall With respect to any Distribution Date and any Mortgage Loan, any reduction in the amount of interest collectible on such Mortgage Loan for the most recently ended calendar month as a result of the application of the Relief Act.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.