Reserve Shortfall definition

Reserve Shortfall the amount by which the Reserve Account is less than the Required Reserve Amount.

Reserve Shortfall means the amount by which the Reserve Account is less than the Required Reserve Amount.

Reserve Shortfall. With respect to any Securitized Loan Pool, on any Distribution Date, any excess of (x) the related Reserve Requirement for such Distribution Date over (y) the related Reserve Amount immediately prior to such Distribution Date.

Examples of Reserve Shortfall in a sentence

• If Gross Revenues are not sufficient to fund the Reserve Shortfall, Manager shall have the right to withdraw the amount of the Reserve Shortfall from the Operating Accounts, the Capital Improvements Reserves, Working Capital or any other funds of Lessee held by or under the control of Manager for the Hotels.

• As of any date of calculation of the Borrowing Base Ratio, Borrower’s Adjusted Tangible Net Worth shall be reduced by the sum of the Charge Off Shortfall and the Loss Reserve Shortfall, as of such date, if any.

• If in any Plan year the balance in the Plan Reserve falls below the Minimum Plan Reserve Balance, including by reason of transfers of funds to the Plan Account or an increase in the estimated Health Plan Costs allocable to the Hotels for the then current Plan year (the “Reserve Shortfall”), Lessee shall deposit into the Reserve Account the amount of the Reserve Shortfall within ten (10) days after receipt of Manager’s written request therefore.

• For purposes of the calculation of the Interest Coverage Ratio, the Borrower’s Adjusted Net Earnings from Operations shall be reduced by the amount of any increase, if any, in the (i) Charge Off Shortfall and (ii) the Loss Reserve Shortfall, from the first day of such four quarter period to the last day of such four quarter period.

• If Lessee fails to timely deposit the Reserve Shortfall, Manager shall have the right (without affecting Manager’s other remedies under this Agreement) to draw down from Gross Revenues for the Hotels the amount of the Reserve Shortfall.

More Definitions of Reserve Shortfall

Reserve Shortfall means if the credit standing to the Reserve Account as of any Payment Date, after filling the Reserve Account in accordance with item eleventh of the Pre-Enforcement Priority of Payments, falls short of the Required Reserve Amount as of the Cut-Off Date immediately preceding such Payment Date;

Reserve Shortfall means the amount by which the Reserve is less than the Required Reserve Amount.

Reserve Shortfall means the amount by which the balance in the Reserve Account is less than the Required Reserve Amount, provided that, if the Reserve Account has a negative balance, the Reserve Shortfall shall be the sum of such balance and the Required Reserve Amount.

Reserve Shortfall. See Section 3.

Reserve Shortfall means the amount by which the Reserve Account is less than the Required Reserve Amount. “Required Reserve Amount” means the Reserve Percentage multiplied by the unpaid balance of all Purchased Accounts and as such amount may change in accordance herewith. “Schedule of Accounts” means a schedule of Accounts in a form supplied by FGI from time to time wherein Seller lists all the existing Accounts of Seller, which Seller is required to offer for sale to FGI under the terms of this Agreement. “Security Interest” means the Liens of FGI on and in the Collateral affected hereby or pursuant to the terms hereof or thereof. “Supporting Obligation” has the definition contained in the UCC. “Termination Fee” means a fee payable to FGI in the event Seller terminates this Agreement prior to maturity of the Original Term or Term of this Agreement. “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York. 4

Reserve Shortfall means the amount by which the Reserve Account is less than the Required Reserve Amount. ”Statement of Account” shall have the meaning ascribed to such term in Section 3.

Reserve Shortfall the amount by which the A/R Manager Reserve Account is less than the Required Reserve Amount.