Common use of Deficiency Amount Clause in Contracts

Deficiency Amount. With respect to each Payment Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which (a) the sum of (i) Monthly Interest for such Payment Date; any Rated Variable Funding Increased Costs Amounts for such Payment Date; (iii) the Noteholders' Monthly Servicing Fee for such Payment Date, unless waived; and (iv) the sum of the Investor Defaulted Amount and the Monthly Dilution Amount for such Payment Date (such sum being the "Required Amount" for that Payment Date), exceeds (b) the sum of (i) the Investor Non-Principal Collections for such Payment Date plus any Investment Proceeds, if any, with respect to such Payment Date; and (ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.7(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).

Deficiency Amount. With respect to each Payment Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which (a) the sum of (i) Monthly Interest for such Payment Date; (ii) any Rated Variable Funding Increased Costs Amounts for such Payment Date; (iii) the Noteholders' Monthly Servicing Fee for such Payment Date, unless waived; and (iv) the sum of the Investor Defaulted Amount and the Monthly Dilution Amount for such Payment Date (such sum being the "Required Amount" for that Payment Date), exceeds (b) the sum of (i) the Investor Non-Principal Collections for such Payment Date plus any Investment Proceeds, if any, with respect to such Payment Date; and (ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.7(a) to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).

Deficiency Amount. With respect to each Payment Distribution Date, on the related Determination Date, the Servicer shall determine the amount (the "Deficiency Amount"), if any, by which: (a) the sum of of: (i) Monthly Interest for such Payment Distribution Date; , (ii) any Rated Variable Funding Increased Costs Amounts for such Payment Monthly Interest previously due but not distributed with respect to the Certificates on a prior Distribution Date; , (iii) Additional Interest, if any, for such Distribution Date and any Additional Interest previously due (to the Noteholders' Monthly extent permitted under applicable law) but not distributed on the Certificates on a prior Distribution Date, (iv) the Net Servicing Fee for such Payment Distribution Date, (v) the Investor Default Amount, if any, for such Distribution Date, unless waived; and and (ivvi) the sum Series 1997-1 Investor Allocation Percentage of the Investor Defaulted Amount and amount of any Adjustment Payment required to be deposited in the Monthly Dilution Amount for Collection Account pursuant to Section 3.09(a) of the Agreement with respect to the related Collection Period that has not been so deposited as of such Payment Date (such sum being the "Required Amount" for that Payment Determination Date), exceeds , (b) the sum of of: (i) the Investor Non-Principal Collections for such Payment Date plus any Investment Proceeds, if any, Proceeds with respect to such Payment Distribution Date; and , and (ii) the amount of funds in the Reserve Fund which are available pursuant to Section 4.7(a4.07(a) hereof to cover any portion of the amount, if any, by which the amount of clause (a) exceeds the amount of clause (b)(i).