Shortfall Percentage definition

Shortfall Percentage means, as of any Business Day, with respect to any Fund Share Class, the greater of (I) the ratio of (a) the difference of (i) the Protected NAV per Share of such Fund Share Class as of such Business Day minus (ii) the NAV Per Share of such Fund Share Class as of such Business Day and (b) the NAV Per Share of such Fund Share Class as of such Business Day and (II) zero.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Shortfall Percentage means the quotient obtained by dividing the 2006 Percentage Shortfall by the 2006 Target Profit.

Shortfall Percentage for any period means the percentage obtained by multiplying 100% times the quotient of the Performance Shortfall for such period divided by the Performance Target for such period.

Examples of Shortfall Percentage in a sentence

The number of 2006 Performance Shares shall be calculated by (A) subtracting the 2006 Net Profit from the 2006 Target Profit to obtain the 2006 Performance Shortfall, (B) dividing the 2006 Performance Shortfall by the 2006 Target Profit to obtain the Shortfall Percentage and (C) multiplying the Shortfall Percentage by the number of shares of Common Stock (issuable upon conversion of the Series B) originally issued to the Investors under this Agreement.
For purposes of illustration and not limitation, if (i) Lessee's Aggregate Fixed Charge Coverage Ratio for the Fiscal Year ending May 27, 2010 was 1.0 (which results in a Fixed Charge Coverage Shortfall Percentage of 20%), (ii) Lessee paid the FCCR Rent Prepayment Amount on September 1, 2010, and (iii) the Base Monthly Rental for August, 2010 was $100, then the Base Monthly Rental payment beginning on September 1, 2010 shall be equal to the Base Monthly Rental for August, 2010 reduced by the sum of $20.
If the Project Shortfall Percentage is 20% or less, there shall be no Community Recovery Payment due.
If the Shortfall Percentage is 10% or less, no 2006 Performance Shares shall be issued to the Investors.
If the Annual Certification (or an adjustment thereto) shows that there was an Investment Shortfall, then the Investment Shortfall Percentage shall be calculated and if there is no Investment Shortfall, the Investment Shortfall Percentage shall be zero percent.

More Definitions of Shortfall Percentage

Shortfall Percentage means, (i) with respect to any Settlement Date beginning on the sixth (6th) Settlement Date following the Closing Date and prior to the twelfth (12th) Settlement Date following the Closing Date, an amount equal to the excess, if any, of (x) 50% minus (y) the percentage equal to (A) the average Total Utilization of Revolving Commitments during the immediately preceding Collection Period divided by (B) the Revolving Commitments during the immediately preceding Collection Period; and (ii) with respect to any Settlement Date beginning on the twelfth (12th) Settlement Date following the Closing Date, an amount equal to the excess, if any, of (x) 75% minus (y) the percentage equal to (A) the average Total Utilization of Revolving Commitments during the immediately preceding Collection Period divided by (B) the Revolving Commitments during the immediately preceding Collection Period.

Shortfall Percentage means the percentage obtained by subtracting the Average Commitment Percentage from 80%, if such calculation would produce a positive number.

Shortfall Percentage means, with respect to any Member, such Member's Shortfall Percentage as set forth in Appendix A hereto.

Shortfall Percentage means the sum of any Customer Number Shortfall Percentage (if greater than zero) and any ARPU Shortfall Percentage (if greater than zero).

Shortfall Percentage means, as of any Transfer Restriction Removal Date, an amount, expressed as a percent, equal to lesser of (a) (1) seventy-five percentage points minus (2) expressed as a percent, the Stock Price as of such Transfer Restriction Removal Date divided by the Applicable Stock Price and (b) (1) seventy-five percentage points minus (2) expressed as a percent, the Industry Ratio as of such Transfer Restriction Removal Date divided by the Applicable Industry Ratio; provided, however, that, if the Stock Price as of Closing is less than seventy-five percent (75%) of the Applicable Stock Price, then the reference in clause (a) of this definition to “the Applicable Stock Price” shall be replaced with “seventy-five percent (75%) of the Applicable Stock Price” and the reference in clause (b) of this definition to “the Applicable Industry Ratio” shall be replaced with “seventy-five percent (75%) of the Applicable Industry Ratio.”

Shortfall Percentage have the meanings set forth m Section 4.1.

Shortfall Percentage has the meaning set forth in Section 2.1(c).