Common use of Asset Base Deficiency Clause in Contracts

Asset Base Deficiency. As of any Payment Date, the condition that exists if (i) the Aggregate Note Principal Balance (calculated after giving effect to any principal payments to be paid on such Payment Date) exceeds (ii) the Asset Base. If such term is used in a quantitative context, the amount of the Asset Base Deficiency shall be equal to the amount of such excess.

Asset Base Deficiency. As of any Payment Date, the condition that exists excess (if any) of (i) the Aggregate Note Principal Balance (calculated after giving effect to any all Credit Loans and principal payments to be actually paid on such Payment Date) exceeds ), over (ii) the Asset Base. If such term is used in a quantitative context, the amount of the Asset Base Deficiency shall be equal to the amount of such excess.

Asset Base Deficiency. As of any Payment Date, the condition that exists amount (if any) by which (i) the Aggregate Note Principal Balance (calculated after without giving effect to any principal payments to be paid on such Payment Date) ), exceeds (ii) the Asset Base. If such term is used in a quantitative context, the amount of the Asset Base Deficiency shall be equal to the amount of such excess.

Asset Base Deficiency. As of any Payment Date, the condition that exists if (ia) the Aggregate Note Principal Balance (calculated after giving effect to any principal payments to be paid on such Payment Date) exceeds (iib) the Asset Base. If such term is used in a quantitative context, the amount of the Asset Base Deficiency shall be equal to the amount of such excess.

Asset Base Deficiency. As The condition existing if, as of any Payment Date, the condition that exists if (i) the Aggregate Note Principal Balance (calculated after giving effect to any principal the proposed payments to be paid of Supplemental Principal Payment Amounts on such Payment Date) exceeds Date (ii) to the extent that there is cash available to make such payments), the sum of the Unpaid Principal Balances of all Series of Subordinate Notes would exceed the Subordinate Asset Base. If such term is used in a quantitative context, the amount of the Asset Base Deficiency shall be equal to the amount of such excess.