Shortfall Number definition
Examples of Shortfall Number in a sentence
Notwithstanding the foregoing, in the event that Lessee terminates any lease of Site Spaces (including Shortfall Substitution Site Spaces) hereunder pursuant to Sections 2(d), 5(d), 10(a), 10(d), 11 or 16 below prior to the fifth (5th) anniversary of the date of this Lease, for purposes of calculating any Shortfall Payment Amount, the Shortfall Number shall be reduced by the aggregate number of Site Spaces (including Shortfall Substitution Site Spaces) as to which this Lease is so terminated.
In the event of a Site Space Shortfall, Lessee may in its discretion (from time to time) designate such number of Other Lease Spaces ("Shortfall Substitution Site Spaces") under any Other Leases up to the Shortfall Number, which designated Other Lease Spaces shall become Site Spaces under this Lease, the Other Leases shall terminate as to the Other Lease Spaces and Lessee shall have no further rental or other obligation under the Other Leases with respect thereto.
The positive numerical difference (if any) between 683 and the number of Transmitter Systems that Lessee has installed on the Acquired Towers as of the date hereof is referred to herein as the "Shortfall Number".
In the event that Distributor purchases less than 48 Units during the First Period (difference obtained by subtracting the number of Units so purchased from 48, the "First Period Shortfall Number") and no First Period Termination occurs, Distributor shall pay Company no later than December 7, 2006 a rebate amount equal to the product of $5,000.00 and the First Period Shortfall Number.
Securities Act 1.1 Senior Member of Management 1.1 Shortfall Number 2.7(b)(ii) Shrink-Wrap Code 1.1 Significant Customer 3.15(a) Significant Supplier 3.15(b) Software 1.1 Source Code 1.1 Specified Representations 7.2(a)(ii) Stock Consideration 1.1 Stock Election 2.7(a)(iii)(2) Stock Electing Share 2.7(a)(iii)(2) Stock Election Number 2.7(b)(ii) Minimum Stock Percentage 2.7(b)(i) Subsidiary 1.1 Subsidiary Securities 3.2(d) Superior Proposal 1.1 Surviving Company.