Shortfall Funding definition

Shortfall Funding has the meaning set forth in Section 3.7(b).
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Shortfall Funding has the meaning given in Section 6.7(c).
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Shortfall Funding shall have the meaning ascribed in Section 8.04(c). “Shortfall Funding Priority Return.” Repayment of a Member’s Shortfall Funding at a twenty percent (20.0%) Internal Rate of Return.
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Examples of Shortfall Funding in a sentence

  • The ISO, in consultation with NEPOOL’s Independent Financial Advisor, shall notify the Market Participants promptly if they believe that the available amount of the Shortfall Funding Arrangement is not, or is reasonably likely not to be, at least equal to the Required Balance, and the ISO will endeavor to arrange a supplement to any existing Shortfall Funding Arrangement at least to the extent required to fund such shortfall.

  • After paying all amounts due to the ISO and NEPOOL for Participant Expenses and all amounts due to the NEPOOL GIS Administrator for the development, administration, operation and maintenance of the NEPOOL GIS but prior to making any payments to any Covered Entities, the ISO shall use moneys received by it from Covered Entities for ISO Charges to pay any and all amounts due with respect to the Shortfall Funding Arrangement.

  • Applications for Funding PHAs that are included on the list of eligible PHAs described above may apply for Shortfall funding by completing the Shortfall Funding Application found in Appendix A and submitting it via e-mail to 2021ShortfallFunding@hud.gov no later than midnight (Eastern Time) on June 4, 2021.

  • PHAs can withdraw from the Shortfall Funding program at any time.

  • The subject of the e-mail must be labeled “2021 Shortfall Funding Application for [PHA Code].” The application must specify the amount of Shortfall funding requested and must not exceed the HUD provided eligibility calculations.

  • If a PHA received Shortfall funding from the Shortfall Funding Program for FFY 2020, they are still eligible to receive Shortfall funding for FFY 2021 provided they have finalized their FFY 2020 improvement plan by June 8th, 2021.

  • The eligibility for the Shortfall Funding Program will be based on the amount of Monthly Operating Reserves (MOR) a PHA has according to their most recent audited or unaudited FDS submission.

  • The table below identifies account closing dates for all operating subsidy grants which have not yet closed (exclusive of CARES Act and Shortfall Funding, which are subject to requirements identified in the notices regarding those programs).

  • The table below identifies account closing dates for all operating subsidy grants which have not yet closed (exclusive of CARES Act and Shortfall Funding, which are subject to requirements identified in notices related to those initiatives).

  • Amounts drawn on the Shortfall Funding Arrangement and/or withdrawn from the Payment Default Shortfall Fund and applied to any shortfall resulting from the Default Amount shall not relieve the defaulting Covered Entity of its obligation to pay such Default Amount.


More Definitions of Shortfall Funding

Shortfall Funding has the meaning given in Clause 7.3;
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Shortfall Funding has the meaning given that term in Section 7.11(d)(ii).
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Shortfall Funding means the portion of a Proposed Funding which is made available to the Company by the remaining Member (other than such Member's pro rata share of any Capital Contribution included in such Proposed Funding). Any Shortfall Funding shall be made as a Capital Contribution and shall accrue dividends at a rate equal to the General Interest Rate.
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Related to Shortfall Funding

  • Shortfall Amount as defined in Section 2.6.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Class A Interest Shortfall Amount As to any Distribution Date and any Class of Class A Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a).

  • Class B Interest Shortfall Amount Any of the Class B-1 Interest Shortfall Amount, Class B-2 Interest Shortfall Amount, Class B-3 Interest Shortfall Amount, Class B-4 Interest Shortfall Amount, Class B-5 Interest Shortfall Amount or Class B-6 Interest Shortfall Amount.

  • Class B-6 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-6 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-6 Certificates on such Distribution Date pursuant to Paragraph twentieth of Section 4.01(a).

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

  • Class B-4 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-4 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-4 Certificates on such Distribution Date pursuant to Paragraph fourteenth of Section 4.01(a).

  • Class B-2 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-2 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-2 Certificates on such Distribution Date pursuant to Paragraph eighth of Section 4.01(a).

  • Class B-1 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-1 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-1 Certificates on such Distribution Date pursuant to Paragraph fifth of Section 4.01(a).

  • Class B-5 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-5 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-5 Certificates on such Distribution Date pursuant to Paragraph seventeenth of Section 4.01(a).

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • 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.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Additional Funding has the meaning prescribed to that term in clause 4.3 of this Agreement.

  • Group I The pool of Mortgage Loans identified in the related Schedules of Mortgage Loans as having been assigned to Group I, including any Qualified Replacement Mortgages delivered in replacement thereof and each Subsequent Mortgage Loan delivered to the Trust for inclusion therein.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Substitution Shortfall Amount As defined in Section 2.03(d).

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

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

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

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Excess Funding Amount means the amount on deposit in the Excess Funding Account.