Shortfall definition

Shortfall means the ACP emissions minus the ACP limit when the ACP emissions were greater than the ACP limit during a specified compliance period, expressed to the nearest pound of VOC. Shortfall does not include emissions occurring prior to the date that the ACP agreement approving an ACP is signed by the board.

Shortfall has the meaning specified in Section 2.2(b);

Shortfall. Month End Interest Shortfall and Servicemembers’ Shortfall.

Examples of Shortfall in a sentence

• Interest on the Subordinate Collateral Management Fee Shortfall Amounts shall accrue at the Reference Rate plus 0.25% for the period beginning on the first Payment Date on which the related Subordinate Collateral Management Fee was due (and not paid) through the Payment Date on which such Subordinate Collateral Management Fee Shortfall Amount (including accrued interest) is paid, as certified to the Collateral Trustee by the Collateral Manager.

• Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Security Instrument and the other Loan Documents (including, without limitation, the Interest Shortfall).

• The Closed-End Exchange Note shall, following the Notice of Redemption, on the Exchange Note Redemption Date cease to be Outstanding for purposes of this Exchange Note Supplement and shall thereafter represent only the right to receive the applicable Exchange Note Redemption Price and the Trust Collection Account Shortfall Amount, if any.

• Interest on the Senior Collateral Management Fee Shortfall Amounts shall accrue at the Reference Rate for the period beginning on the first Payment Date on which the related Senior Collateral Management Fee was due (and not paid) through the Payment Date on which such Senior Collateral Management Fee Shortfall Amount (including accrued interest) is paid, as certified to the Collateral Trustee by the Collateral Manager.

• Lender shall not be obligated to accept any prepayment unless it is accompanied by payment of the Breakage Costs, the Prepayment Premium, if any, and the applicable Interest Shortfall due in connection therewith; provided that, in the event that Borrower provides Lender with a Prepayment Notice (as defined below), Lender shall promptly provide Borrower with notice of the full amount due in connection with such prepayment.

More Definitions of Shortfall

Shortfall means, with respect to a Distribution Date, the excess (if any), of the sum of the amounts payable pursuant to clauses (v) through (viii) of Section 7.05 over Available Monies for such Distribution Date minus the amounts payable pursuant to clauses (i) through (iv) of Section 7.05 on such Distribution Date.

Shortfall has the meaning set forth in Section 6.2.

Shortfall shall have the meaning set forth in Section 2.1.10.

Shortfall means the difference between total Contract Price and the amount paid to the Contractor for Work satisfactorily completed;

Shortfall has the meaning set forth in Section 4.02(a).

Shortfall has the meaning given to it under Clause 8.1 of the Trust Deed;

Shortfall means, with respect to a Distribution Date, an amount equal to the excess (if any) of (a) the sum of the amounts payable pursuant to (1) clauses (v) and (vi) of Section 7.05(a), (2) clauses (i) and (ii) of Section 7.05(b) or (3) clauses (i) through (iv) of Section 7.05(c), as applicable, over (b) Available Monies for such Distribution Date minus the amounts payable pursuant to clauses (i) through (iv) of Section 7.05(a) on such Distribution Date.