Deficiency Amount definition

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.

Deficiency Amount means any amount that is less than the entire amount a Borrower is entitled to receive by way of contribution or subrogation from, but that has not been paid by, the other Borrowers in respect of any Recovery Amount attributable to the Borrower entitled to contribution, until the Deficiency Amount has been reduced to Zero Dollars ($0) through contributions and reimbursements made under the terms of this Section 2.10(e) or otherwise.

Deficiency Amount shall have the meaning specified in Section 4.05.

Examples of Deficiency Amount in a sentence

• The Special Servicer shall notify the Master Servicer and the Certificate Administrator of any Collateral Deficiency Amount calculated by the Special Servicer with respect to an Outside Serviced Mortgage Loan that has become an AB Modified Loan.

• The Master Servicer shall provide (via electronic delivery) the Special Servicer with information in its possession that is reasonably required to calculate or recalculate any Collateral Deficiency Amount pursuant to the definition thereof using reasonable efforts to deliver such information within four (4) Business Days of the Special Servicer’s reasonable written request.

• None of the Trustee, the Certificate Administrator or the Master Servicer shall calculate or verify any Collateral Deficiency Amount.

• The Master Servicer shall notify the Special Servicer and the Certificate Administrator of any Collateral Deficiency Amount calculated by the Master Servicer with respect to an Outside Serviced Mortgage Loan that has become an AB Modified Loan.

• The Holders of the majority (by Certificate Balance) of an Appraised-Out Class shall have the right, at their sole expense, to require the Special Servicer to order a second Appraisal of the Mortgaged Property securing any Serviced Loan as to which there exists an Appraisal Reduction Amount or a Collateral Deficiency Amount (such Holders, the “Requesting Holders”).

More Definitions of Deficiency Amount

Deficiency Amount means, at any time of determination, the sum of the Class A Deficiency Amount and the Class B Deficiency Amount.

Deficiency Amount. Not applicable.

Deficiency Amount. The meaning provided in the Note Insurance Policy.

Deficiency Amount. As defined in the Policy.

Deficiency Amount means, as of any date of determination, the amount, if any, by which (a) the total liabilities of Seller exceed (b) the total assets of Seller (such assets excluding the Commitment and any unfunded amounts thereof), in each case as reflected on the balance sheet of Seller as of the applicable date set forth in this Agreement, prepared in accordance with GAAP; provided, however, that:

Deficiency Amount. With respect to the Class 1-A-3 Certificates on each Distribution Date, the sum of (i) the Class 1-A-3 Interest Loss Amount for such Distribution Date and (ii) the Class 1-A-3 Principal Loss Amount for such Distribution Date.

Deficiency Amount means as of any Distribution Date, the amount by which (i) the sum of the amounts set forth in Section 4.03(i) though (iv) with respect to such Distribution Date exceeds (ii) the amount of Net Collections (plus amounts transferred from the Prefunding Account representing earnings from investments therein and amounts transferred from the Capitalized Interest Account, in each case to the Payment Account) available with respect to such Distribution Date and the amount on deposit in the Spread Account as of such Distribution Date.