Receivables Shortfall definition

Receivables Shortfall means the positive net amount, if any, by which the actual Settling Supplier Receivables as determined in the FERC Receivables Determination is less than the amount identified in Item 4.1.1.1(b) of the Cover Sheet, plus the amount, if any, by which the actual interest on Settling Supplier Receivables as determined in the FERC Interest Determination, is less than the amount identified in Item 4.1.1.1(c) of the Cover Sheet;
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Receivables Shortfall or “Receivables Shortfalls” means the amount, if any, by which the actual Reliant Receivables are less than $299,546,045 as determined in the FERC Receivables Determination.
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Receivables Shortfall shall have the meaning set forth in Section 5.6.1.
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Examples of Receivables Shortfall in a sentence

  • Subject to Section 5.8 the California Utilities shall be responsible, and the Settling Supplier shall not be responsible, for any Refund Shortfall or Receivables Shortfall allocated to the Pre-January 18, 2001 Period.

  • Interestingly enough, the lengthy reasons, sometimes even repetitive, of the decision rather suggest that the Court tried hard to find any suffi- cient intention of the parties to bypass the state courts and opt for private dispute resolution bodies (football association and then CAS).

  • The Director of Police shall be empowered to issue medallions to qualified persons and to replace any revoked taxicab medallions that were not transferred by the owners prior to revocation.

  • Any such change in the Receivables Shortfall, Receivables Excess, Refund Shortfall, or Refund Excess pursuant to such a true-up shall benefit, or, subject to Section 5.8, be the responsibility of, the California Utilities and CERS.

  • And the Debtors delivered Specified Receivables of approximately $292 million, resulting in an excess of $37 million, or—because there is no crediting mechanism for a Specified Receivables excess—a Specified Receivables Shortfall Amount of $0.

  • Subject to Section 6.8, the California Utilities shall be responsible, and Williams shall not be responsible, for any Refund Shortfall or Receivables Shortfall allocated to the October- January Refund Period.

  • Subject to Section 5.8, the California Utilities shall be responsible, and the Settling Supplier shall not be responsible, for anyRefund Shortfall or Receivables Shortfall allocated to the Pre-October Period.

  • Subject to Section 5.8, the California Utilities shall be responsible, and NCPA shall not be responsible, for any Refund Shortfall or Receivables Shortfall allocated to the period January 1, 2000 through October 1, 2000, inclusive.

  • Subject to the terms of Section 5.8, the California Utilities shall be responsible, and the Settling Suppliers shall not be responsible, for any Refund Shortfall or Receivables Shortfall allocated to the Pre-January 18, 2001 Period.

  • Any such change in the Receivables Shortfall, Receivables Excess, Refund Shortfall, or Refund Excess pursuant to such a true-up shall benefit, or, subject to Section 6.8, shall be the sole responsibility of the California Utilities.


More Definitions of Receivables Shortfall

Receivables Shortfall means the positive net amount, if any, by which the actual Williams Receivables as determined in the FERC Receivables Determination is less than the amount identified Section 4.1.1, plus the
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Receivables Shortfall means the positive net amount, if any, by which the actual Settling Supplier Receivables as determined in the FERC Receivables Determination are less than the amount identified in Item 4.1.1.1(b) of the Cover Sheet, plus the amount, if any, by which the actual interest on Settling Supplier Receivables as determined in the FERC Interest Determination, are less than the amount identified in Item 4.1.1.1(c) of the Cover Sheet; (ii) “Receivables Excess” means the positive net amount, if any, by which the actual Settling Supplier Receivables as determined by FERC in the FERC Receivables Determination are more than the amount identified in Item 4.1.1.1(b) of the Cover Sheet, plus the amount, if any, by which the actual interest on Settling Supplier Receivables as determined in the FERC Interest Determination are more than the amount identified in Item 4.1.1.1(c) of the Cover Sheet, as adjusted pursuant to Section 4.1.1.3; (iii) “Refund Shortfall” means the amount, if any, by which the funds deposited in the Settling Supplier Refund Escrow (PNM) for refunds and interest to Non-Settling Participants based on the Allocation Matrix are insufficient to satisfy all refund awards (other than those for which Settling Supplier remains responsible under Section 4.1.5) made to Non-Settling Participants for any particular period, e.g., the Pre-October Period, the Pre-January 18, 2001 Period, or the Post-January 17, 2001 Period, as determined by FERC in the FERC Refund Determination and the FERC Interest Determination; and (iv) “Refund Excess” means the amount, if any, by which the funds deposited in the Settling Supplier Refund Escrow (PNM) for refunds and interest to Non-Settling Participants based on the Allocation Matrix exceeds the amounts needed to satisfy all refund awards made to Non-Settling Participants for any particular period, e.g., the Pre-October Period, the Pre-January 18, 2001 Period, or the Post-January 17, 2001 Period, as determined by FERC in the FERC Refund Determination and the FERC Interest Determination. To the extent that a shortfall is created by the difference between (i) the actual amount of interest earned on the Cash Consideration during the period from the date such Cash Consideration was transferred by Settling Supplier to the Settling Supplier Refund Escrow and the Settlement Effective Date, and (ii) the amount of interest that would have been earned on the Cash Consideration during such period at the FERC Interest Rate, such shortfall shall ...
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Related to Receivables Shortfall

  • Collateral Shortfall Amount is defined in Section 8.1.

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

  • 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.

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

  • 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.

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

  • 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.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Receivables Pool means, at any time, all of the then outstanding Receivables purchased or otherwise acquired by the Seller pursuant to the Purchase and Sale Agreement prior to the Facility Termination Date.

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

  • 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.

  • 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.

  • 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.

  • Excess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables.

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Class A Monthly Principal shall have the meaning specified in Section 4.03(a).

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Attributable Receivables Indebtedness at any time shall mean the principal amount of Indebtedness which (i) if a Permitted Receivables Facility is structured as a secured lending agreement, constitutes the principal amount of such Indebtedness or (ii) if a Permitted Receivables Facility is structured as a purchase agreement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a secured lending agreement rather than a purchase agreement.

  • 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.