Cumulative Deficiency definition

Cumulative Deficiency means, in respect of the Series 2018-1 Ownership Interest for a Reporting Period, an amount, which shall not be less than zero, equal to:
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Cumulative Deficiency means, in relation to the Series 2024-1 Ownership Interest for a Determination Day, an amount, which shall not be less than zero, equal to:
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Cumulative Deficiency means, in respect of a Series held by the Trust and any Reporting Period, an amount, which shall not be less than zero, equal to:
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Examples of Cumulative Deficiency in a sentence

  • The Cumulative Deficiency on the Purchase Date for the Series 2024-1 Ownership Interest shall be added as an additional amount for the purposes of the purchase price calculations under Section 6.9(2)(c) of the Pooling and Servicing Agreement.


More Definitions of Cumulative Deficiency

Cumulative Deficiency means, in respect of any Series held by the Trust and any Settlement Period, the aggregate amount, if any, by which the sum of, for each prior Settlement Period, (i) the related Trust Expenses, and (ii) the Funding Costs attributable to the Payment Period in which the related Settlement Date falls, divided by the number of Settlement Periods in such Payment Period, exceeds the sum of all amounts deposited to the related Distribution Account on account of the related Series Income Requirements over the course of all such Settlement Periods (and the amount of any interest and investment earnings on such amounts and Eligible Investments thereof), in each case, pursuant to the related Series Co-Ownership Agreement and the Pooling and Servicing Agreement.
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Cumulative Deficiency means, in respect of the Series 2021-1 Ownership Interest for a Reporting Period, an amount, which shall not be less than zero, equal to:
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Related to Cumulative Deficiency

  • 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.

  • Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • 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.

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.