Cumulative Deficiency definition

Cumulative Deficiency means, in respect of the Series 2024-1 Ownership Interest for a Reporting Period, an amount, which shall not be less than zero, equal to:
Sample 1
Cumulative Deficiency means, in relation to the Series 2019-1 Ownership Interest for a Determination Day, an amount, which shall not be less than zero, equal to:
Sample 1
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:
Sample 1Sample 2

Examples of Cumulative Deficiency in a sentence

  • The General Partner may cause the Partnership to purchase or otherwise acquire Series A Preference Units, so long as no Series A Preference Unit Cumulative Deficiency then exists, and Series B Preference Units, at any time.

  • McLaughlin, It Adds Up: Ineffective Assistance of Counsel and the Cumulative Deficiency Doctrine, 30 Ga. St. U.

  • McLaughlin, It Adds Up: Ineffective Assistance of Counsel and the Cumulative Deficiency Doctrine, 30 GA.

  • The Cumulative Deficiency on the Purchase Date for the Series 2020-1 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.

  • The Cumulative Deficiency on the Purchase Date for the Series 2023-1 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.

  • All Japanese Royalties shall be retained and invested until the next following Repayment Date on which date the amount shown on Schedule II as the New Yen Facility Payment Amount plus any New Yen Facility Cumulative Deficiency shall be withdrawn from the New Lock Box Account and transferred to the Paying Agent for distribution on such Repayment Date to the Lenders and the Swap Provider.

  • Th apply the credits against the Force Majeure Cumulative Deficiency to bring that balance to zero or continue to carry the credits forward.

  • The Cumulative Deficiency on the Purchase Date for the Series 2019-1 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.

  • The Cumulative Deficiency on the Purchase Date for the Series 2022-1 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.

  • Plants are killed over that time period, and the barrier can be re-deployed to the adjacent plot as part of normal maintenance.


More Definitions of Cumulative Deficiency

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:
Sample 1
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.
Sample 1

Related to Cumulative Deficiency

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

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

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

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.

  • 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.

  • 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.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on 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.

  • 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.

  • 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.

  • Writedown Amount The reduction described in Section 5.03(c).

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

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

  • 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.

  • Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ -------------------------- May 2008 through April 2009 1.400% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 2.250% in November 2008) May 2009 through April 2010 3.100% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 3.950% in November 2009) May 2010 through April 2011 4.800% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.500% in November 2010) May 2011 through April 2012 6.200% for the first month, plus an additional 1/12th of 0.700% for each month thereafter (e.g., 6.550% in November 2011) May 2012 and thereafter 6.900%

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • 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.

  • Cumulative Realized Losses As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans.

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • 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.

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • 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.

  • 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.

  • Cumulative impact means the potential impact on the promotion of the licensing objectives of a significant number of licensed premises concentrated in one area. The cumulative impact of licensed premises on the promotion of the licensing objectives is a proper matter for a licensing authority to consider in developing its licensing policy statement.

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

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

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