Value Shortfall definition

Value Shortfall means the sum of (x) (A) $774,234,304 minus (B) the sum of the Specified Cash Amount (without giving effect to any reduction thereof pursuant to Section 2.01(b)), the Cash Make-Up Amount, if any, and the Contributed BH Share Value, plus (y) the amount, if any, by which the Specified Station Value is less than $364 million.
View Source
Value Shortfall means, as to any Sale Resolution, the excess, if any, of (i) the Base Value of the Conveyed Asset sold in connection with such Sale Resolution over (ii) the pre-tax proceeds realized from such Sale Resolution.
View Source
Value Shortfall is defined in Section 2.8.
View Source

Examples of Value Shortfall in a sentence

  • Within thirty (30) days following the conclusion of the appraisal process, the amount of any Residual Value Shortfall due to Landlord (if any) shall be so paid by Tenant.

  • Any failure of Landlord to timely send a Residual Value Notice to Tenant shall be deemed an acknowledgement by Landlord that the then-current fair market value of the Land is at least equal to the Guaranteed Land Value and the then-current fair market value of the Property Improvements is at least equal to the Guaranteed Improvements Value (and that the Residual Value Shortfall is “zero”), and the Parties shall have no further obligations under this Section 2(c).

  • If (i) the Chilean Merger is consummated, (ii) the approval of the CorpBanca Colombia-Helm Merger is denied by the SFC, (iii) in order to comply with Colombian law and relevant SFC resolutions, CorpBanca Colombia is required to sell all of its shares of Helm Bank (the “CorpBanca Helm Bank Shares”) and (iv) the Helm Sale Consideration is less than the Helm Value, CorpBanca shall pay Itaú Parent an amount equal to 22.29% of the Helm Value Shortfall.

  • Purchaser or Acquisition Sub shall provide to the Escrow Agent and the Shareholder Representatives written notice of the amount of such Net Asset Value Shortfall, and such amount, including any interest accrued thereon (or such lesser amount as is then held in the Cash Escrow Account), shall be paid to Purchaser by Escrow Agent within three (3) business days after receipt of such notice.

  • The decision of the Independent Accountant shall also include a certificate of the Independent Accountant setting forth the final Current Asset Value Shortfall calculation measured as of the Closing Date (the “Settlement Amount Certificate”).

  • The Representative shall have the right to dispute the Closing Date Balance Sheet (and any items therein) and the accompanying calculation of the Current Asset Value Shortfall and make any proposed adjustments thereto as provided in Section 3(c) below.

  • The Representative shall have until thirty (30) days after the receipt of the Closing Date Balance Sheet and the accompanying Current Asset Value Shortfall calculation to review such calculation and propose any adjustments thereto.

  • The Representative shall have until thirty (30) days after the receipt of the Closing Date Balance Sheet and the accompanying Asset Value Shortfall calculation to review such calculation and propose any adjustments thereto.

  • Buyer shall endeavor in good faith to cause its accountants to deliver to the Representative the Closing Date Balance Sheet and calculation of the Asset Value Shortfall within 45 days after the Closing Date.

  • Within five (5) Business Days after a Responsible Officer has knowledge of any Discounted Value Shortfall, the Company shall have given to each holder of Notes written notice containing and constituting an offer to prepay Notes as described in subparagraph (b) of this Section 8.7, accompanied by the certificate described in subparagraph (e) of this Section 8.7.


More Definitions of Value Shortfall

Value Shortfall. With respect to any date of determination, an amount equal to (x) the sum of (A) 10% less $1,000 of the aggregate Purchase Value (as specified below) of all Loans sold hereunder, plus (B) any amounts withdrawn from the Transfer Obligation Account for return to the Transfer Obligor pursuant to Section 7.05(i)(A) hereof since the Closing Date and prior to such Distribution Date, less (y) the sum of (i) the aggregate amount of payments actually made by the Transfer Obligor in respect of the Transfer Obligation pursuant to Section 7.06 and (ii) the aggregate amount of the Purchase Prices paid by the Loan Originator in respect of any Loan Originator Puts, since the Closing Date. The Purchase Value shall be based on the Advance Factor most recently agreed upon by the Initial Class A Certificateholder and the Loan Originator provided that the Advance Factor shall be as of the Transfer Date for all Loans sold to the Trust prior to December 29, 1998.
View Source
Value Shortfall. With respect to any date of distribution, an amount equal to (x) the sum of (A) 10% less $1,000 of the aggregate Purchase Value (as of the related Transfer Date) of all Loans sold hereunder, plus (B) any amounts withdrawn from the Transfer Obligation Account for return to the Transfer Obligor pursuant to Section 7.05(i)(A) hereof since the Closing Date and prior to such Distribution Date, less (y) the sum of (i) the aggregate amount of payments actually made by the Transfer Obligor in respect of the Transfer Obligation pursuant to Section 5.06 and (ii) the aggregate amount of the Purchase Prices paid by the Loan Originator in respect of any Loan Originator Puts, since the Closing Date.
View Source

Related to Value Shortfall

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Available Funds Shortfall means, for any Payment Date and the related Collection Period, the positive difference, if any, of (i) the amount necessary to make all distributions required to be made pursuant to clauses (i) through (iii) of Section 2.08 over (ii) Collections on deposit in the Collection Account, to the extent received during or in respect of such Collection Period.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.