Actual Deficiency definition

Actual Deficiency shall have the meaning set forth in Section 3.3(c) hereof;
Sample 1
Actual Deficiency shall have the meaning set forth in Section 1.5(c).
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Actual Deficiency has the meaning given to such term in Clause 6.3(a)(i) (Contingent Equity Funding).
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Examples of Actual Deficiency in a sentence

  • Actuarially Contribution Actual Contribution FY Ending Determined Actual Deficiency Covered as a % of June 30, Contribution# Contribution (Excess) Payroll Covered Payroll 2014 * Includes DROP members, consistent with Plan Funding.# Beginning with FY 2015, employer contributions are set forth in the POA through 2023 and are not actuarially determined.

  • The current required reserve amount as determined by the bond documents and the reserve balances at June 30, 2015 for each outstanding debt issue is as follows:Excess Description Required Actual (Deficiency) 2007A/B Tax Allocation Bonds583,169593,98610,8172009 Wastewater Revenue Bonds937,000937,7037032011 Waste Revenue Bonds1,324,5782,011,356686,778 The 2014 Waste Water Revenue Bonds do not have a reserve fund requirement.

  • Annex 1 thus constitutes the Final Audit Report in accordance with Section 2.5 0) of the Purchase Agreement Pursuant to the Final Audit Report the Actual Deficiency Amount is USD29,330,000.

  • In the event that the Actual Deficiency Balance is less than the Estimated Deficiency Balance, the promissory note shall be amended downward by the excess of the Estimated Deficiency Balance over the Actual Deficiency Balance.

  • In the event of an Actual Deficiency, the amount of such Actual Deficiency shall be paid first from the Working Capital Holdback and then, if necessary, by Seller (without regard to the Threshold (as defined herein) or any other limitation).

  • The Actual Deficiency Balance shall equal the payoff due on each piece of Surrendered Equipment as of the date of surrender, less the net sales price (net sales price shall be equal to the sales price less the costs of sale including, but not limited to, recovery costs, reconditioning fees, sales commissions, and reasonable attorneys fees and costs).

  • In the event that the Actual Deficiency Balance is greater than the Estimated Deficiency Balance, the promissory note shall be amended upward by the excess of the Actual Deficiency Balance over the Estimated Deficiency Balance.

  • In the event that either (i) the Actual Deficiency is less than the Working Capital Holdback or (ii) the Closing Working Capital is equal to or greater than $1,900,000, Buyer shall promptly (and in any event within two (2) business days after determination of the Closing Working Capital) pay Seller the Working Capital Holdback less the Actual Deficiency, if any.

  • Within two (2) business days following the computation and final determination, pursuant to Section 2.3(b) hereof, of the Closing Working Capital, and based upon such final determination, if the Closing Working Capital is less than $1,900,000 (the amount of such deficiency, the "Actual Deficiency" ), Seller shall, pursuant to Section 2.3(d) hereof, pay to Buyer an amount equal to the Actual Deficiency.

  • For purposes of this Article 2, any Estimated Deficiency or Actual Deficiency (as defined below) shall be expressed as a positive number.


More Definitions of Actual Deficiency

Actual Deficiency is defined in Section 2.5(b)(i).
Sample 1

Related to Actual Deficiency

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Gas Supply Deficiency means any occurrence relating to Sellers gas supply which causes Seller to deliver less than the total requirements of its system, including failures of suppliers to deliver gas for any reason, requirement of gas for system storage, conservation of gas for future delivery, or any other occurrence which is not enumerated herein which affects Sellers gas supply.

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Advance Deficiency As defined in Section 4.01(b).

  • Operating Deficit means that, at the end of the fiscal year, the unassigned fund balance in the General Fund is less than zero.

  • Daily Deficiency Rate means the rate employed to assess certain deficiency charges under Xxxxxx, Attachment DD, section 7, Tariff, Attachment DD, section 8, Tariff, Attachment DD, section 9, or Tariff, Attachment DD, section 13.

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes are Performing Equipment Notes.

  • Subordination Deficiency With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Class B Deficiency Amount is defined in Section 4.1(b).

  • Erroneous Payment Return Deficiency has the meaning assigned thereto in Section 10.12(d).

  • Spread Account Deficiency means the excess, if any, of the Required Spread Account Amount over the Available Spread Account Amount.

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.

  • Class C Deficiency Amount is defined in Section 4.1(c).

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Responsible charge means direct control and personal supervision of engineering or surveying work.

  • Accumulated Funding Deficiency has the meaning ascribed to that term in Section 302 of ERISA.

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).