Accumulation Shortfall Clause Samples

The Accumulation Shortfall clause defines the procedures and consequences when a party fails to meet a specified accumulation target, such as a minimum purchase or delivery amount, within a set period. Typically, this clause outlines how shortfalls are calculated, any penalties or remedies that apply, and the timeframe for making up the deficit or compensating the other party. Its core function is to ensure that contractual obligations regarding minimum quantities are met, thereby protecting the expectations and interests of both parties and providing a clear mechanism for addressing underperformance.
Accumulation Shortfall. The Controlled Deposit Amount for the previous Monthly Period N/A Less: The amount deposited into the Principal Funding Account for the Previous Monthly Period N/A ---------------- Accumulation Shortfall N/A ================ Aggregate Accumulation Shortfalls N/A ================
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Accumulation Shortfall. The Controlled Deposit Amount for the previous Monthly Period N/A 126
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Accumulation Shortfall. The Controlled Deposit Amount for the previous Monthly Period N/A 126
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Related to Accumulation Shortfall

  • Collateral Shortfalls In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Company is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Company immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the Company's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Company.

  • Principal Payment The Borrower shall fail to pay any principal of any Note when the same becomes due and payable as set forth in this Agreement;

  • Principal Payments Originator is authorized and directed by SPV to enter on the grid attached hereto, or, at its option, in its books and records, the date and amount of each loan made by it which is evidenced by this Subordinated Note and the amount of each payment of principal made by SPV, and absent manifest error, such entries shall constitute prima facie evidence of the accuracy of the information so entered; provided that neither the failure of Originator to make any such entry or any error therein shall expand, limit or affect the obligations of SPV hereunder.

  • Maximum Accumulation An employee may accumulate earned leave, excluding the separate vacation balance, if any, to a maximum of twice their annual time management accumulation. As of the end of the pay period in which March 31 falls in each year, any employee credited with accrued leave greater than twice their annual leave accumulation shall forfeit that amount above their maximum accumulation. An employee who has acquired the maximum allowable accumulation of earned leave may continue to accumulate earned leave for the balance of the year in which the maximum accrual was reached, provided, however, that the employee must reduce the accumulation to the maximum allowable prior to the following March 31 or forfeit the excess.

  • Accumulation 1. Originating goods or materials from the territory of a Party, incorporated into a good in the territory of the other Party, shall be considered to be originating in the territory of the other Party. 2. Production carried out by a producer in the territory of a Party may be accumulated with the production of one or more producers in the territory of that Party or the other Party, in such way that the production of the materials incorporated into the good shall be considered as carried out by that producer, provided that the good satisfies the requirements established in Article 3.1 and all other applicable requirements in this Chapter.