Asset Deficiency definition

Asset Deficiency means, as of any date of determination, the amount, if any, by which the Required Aggregate Asset Amount as of such date exceeds the Adjusted Aggregate Unit Balance as of such date.

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Asset Deficiency shall have the meaning set forth in the Indenture.

Asset Deficiency. Invested Amount", "Invested Percentage" or any defined term used for the purpose of any such definitions shall require the consent of each affected Investor Noteholder; and

Examples of Asset Deficiency in a sentence

The Servicer shall promptly notify the Issuer of any Asset Deficiency or Amortization Event (as each such term is defined in the Indenture) with respect to any Series of which the Servicer has actual knowledge.
Instruct the Indenture Trustee to release any Pool Collections to the Issuer pursuant to Section 8.07 of the Indenture on any day on which an Asset Deficiency exists.
Instruct the Indenture Trustee to release any Collections to the Issuer pursuant to Section 8.07 of the Indenture on any day on which an Asset Deficiency exists.
In the case of any removal other than an Involuntary Removal, no Asset Deficiency exists as of the Removal Cut-Off Date, after giving effect to the removal of the Transferred Receivables existing in the Removed Accounts.
To the extent the Net Asset Deficiency is in excess of $500,000, the Seller Parties shall be entitled to defer, on an interest-free basis, payment of any amount of the Net Asset Deficiency in excess of $500,000 until 30 days following the Effective Date.
Seller shall pay to Purchaser an amount equal to the Asset Deficiency.
If (A) an Asset Deficiency exists or (B) the aggregate amount of funds in the Collection Account on such Deposit Date is less than the aggregate amounts to be distributed pursuant to this clause (i), then, in either such ---------- case, all funds in the Collection Account shall be distributed ratably to each Series based on the Series Floating Allocation Percentages for each Outstanding Series of Notes.
To the extent that the walk-through reveals that certain fixed assets listed on Schedule 5.1(a) or any portion thereof are absent from the Sellers' facilities, the Buyer and MSC (on behalf of itself and Sellers) shall mutually agree upon the aggregate value of such absent fixed assets based upon the book value of such absent fixed assets (the "Fixed Asset Deficiency").
If the Seller Parties fail to pay such amount to the Buyer by the specified time, the Buyer shall be entitled to recover the Net Asset Deficiency by setting off against any amounts that may be due to the Stockholders under the Employment Agreement or Consulting Agreement.
If the Estimated Net Asset Amount exceeds the Actual Net Asset Amount set forth on the Final Balance Sheet (such difference, the “Net Asset Deficiency”), Seller shall promptly, by wire transfer of immediately available funds, deliver to Buyer an amount equal to the Net Asset Deficiency.

More Definitions of Asset Deficiency

Asset Deficiency means the occurrence of any of the following: (a) the Trust Principal Balance is less than the Minimum Pool Balance, (b) the Free Equity Amount is less than the Minimum Free Equity Amount or (c) the Risk Retention Transferor Amount is less than the Required Risk Retention Transferor Amount.

Asset Deficiency means, on any date of determination, ---------------- the amount, if any, by which the sum of the Target Receivables Amounts as of such date exceeds the Net Eligible Receivables Balance as of such date.

Asset Deficiency means, at any time, the amount (if any) by which (a) the Net Advances exceeds (b) the Net Receivables Balance at such time.

Asset Deficiency means, on any date of determination, the amount, if any, by which the Aggregate Required Asset Amount as of such date EXCEEDS the Adjusted Aggregate Receivable Balance as of such date.

Asset Deficiency means, as of any date of determination, an amount, if positive, equal to (A) the Net Outstanding Amount minus (B) the Net Eligible Advance Balance at such time.