Default Level Asset Base Deficiency Clause Samples

Default Level Asset Base Deficiency. As of any date of determination the excess (if any) of (i) the Aggregate Class A Note Principal Balance, over (ii) an amount equal to the sum of (1) the product of (i) Class A Default Level Advance Rate and (ii) the sum of (A) the then Aggregate Net Book Value and (B) the then Aggregate Finance Lease Value, plus (2) 100% of all cash and Eligible Investments then on deposit in the Restricted Cash Account. A Class A Default Level Asset Base Deficiency will be deemed to exist as of any Payment Date on which the foregoing amount exceeds zero. Class A Lender. Any Lender designated as such on Schedule 4 hereto. Class A Note. A note, substantially in the form of Exhibit A hereto, executed by the Borrower to evidence a Credit Loan made by a Class A Lender hereunder.