Shortfall Funding definition

Shortfall Funding has the meaning given that term in Section 7.11(d)(ii).

Shortfall Funding has the meaning set forth in Section 3.7(b).

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.

Examples of Shortfall Funding in a sentence

• KCM shall use reasonable endeavours to ensure that Vedanta or VRHL discharges the Shortfall Funding Commitment and provides or, as the case may be, procures financing for the Konkola Ore Body Extension Project, in each case, substantially in the manner, on the terms and in the amounts set out in the Shareholders' Agreement.

• AND WHEREAS the Company may from time to time make Funding Requests or Shortfall Funding Requests under the Shareholders' Agreement and the Shareholders have agreed to make available Shareholder Loans including, if applicable, Shortfall Loans to the Company to fund such Funding Requests or Shortfall Funding Requests subject to the terms and conditions of this Agreement.

• The Developer shall deposit the Developer Shortfall Funding Advance in the Developer Funds Account described in the Escrow Agreement on or before the first to occur of the following: (a) at the time of any sale or refinance of any part of the Multi-Family Parcel by the Developer; (b) at the time of issuance of a building permit for construction of any improvements on the Multi-Family Parcel; or (c) June 1, 2023.

• Total Available Amount is the sum of the available amount of the Shortfall Funding Arrangement and the balance in the Payment Default Shortfall Fund.

• In consideration of the Town’s agreement to sell the Water Shares to the Developer, and for other good and valuable consideration, the Developer agrees to contribute the Developer Shortfall Funding Advance into the Developer Funds Account (“Developer Contribution”) on or before the earlier to occur of the following: (i) the sale of the Property or any portion thereof to a third-party; (ii) the refinancing of the Property; or (iii) June 1, 2023.

• This Release shall be conclusive evidence that the Developer Shortfall Funding Advance required by the Covenants has been made and by the Developer and that the lien of the Declaration is hereby released by the Town.

• Pursuant to the Developer Contribution Agreement and related agreements, the Town has agreed to sell and transfer to the Developer 19.6 shares of water (the “Water Shares”) for $550,000 per share in return for the Developer’s deposit of the Developer Shortfall Funding Advance into the Developer Funds Account described in the Escrow Agreement.

• Lender shall provide the Advance on the Shortfall Funding Date and in any event at least 3 business days before a Bond Interest Payment Date or Bond Principal Payment Date.

• At least five (5) Business Days prior to a Shortfall Funding Date, Borrower shall provide the Lender with an Advance Request.

• For the purposes of this Agreement, the Developer Shortfall Funding Advance shall be confirmed in writing by the Escrow Agent.

More Definitions of Shortfall Funding

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.

Shortfall Funding has the meaning given in Clause 7.3;