Deficient Amount definition

Deficient Amount shall have the meaning ascribed to such term in Section 13(i) of Part A of Schedule VI.
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Deficient Amount has the meaning set forth in Section 5.1(x)(iv)(B).
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Deficient Amount has the meaning set forth in SECTION 5.1(X)(IV)(B).
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Examples of Deficient Amount in a sentence

  • Enforcement or collection is stayed until the conclusion of the appeal to the Board.30.03.218 Assessment PowersThe Director and Board are each empowered to determine and assert against a taxpayer liability for tax, interest, or costs in the following circumstances:(a) Deficient Amount of Tax.

  • If there is no Deficient Amount, then no further action is required.

  • In the event the Obligations are purchased by a third-party lender or underwriter, the Developer shall pay the Deficient Amount to the holder of the Obligations.

  • To the extent the Net Amount as specified in a Statement which becomes final pursuant to Section 1.7(a) is less than $40,000,000 (such deficiency being referred to herein as the "Deficient Amount"), the aggregate principal amount of Assumed Debt to be assumed by the Surviving Corporation shall be correspondingly reduced by an amount equal to the Deficient Amount.

  • If the difference calculated by subtracting the Account Payables from the Accounts Receivables is less than One Hundred Fifty Thousand and no/100 Dollars, (Accounts Receivables less Account Payable < $150,000.00) (Deficient Amount”), the Deficient Amount shall be deducted from the amount paid to the Company under Section 1.3 b.

  • If the Deficient Amount is greater than five percent (5%) of the actual Rent due, then the Concessionaire shall reimburse the BOR for the cost of the Rent Audit and the Concessionaire shall also pay the BOR interest on the Deficient Amount at the Default Rate accruing from the date the Deficient Amount was originally due to the BOR.

  • If the Deficient Amount is greater than five percent (5%) of the actual Base Rent and Percentage Rent (if any) due, then Tenant shall reimburse Landlord for the cost of the Audit and Tenant shall also pay Landlord interest on the Deficient Amount at the Default Rate accruing from the date the Deficient Amount was originally due to Landlord.

  • The Assignor must immediately pay the Deficient Amount to the Bank and if such payment is not made, interest will continue to be charged on the Deficient Amount in accordance with the Facility Agreement or Letter of Offer.

  • If the Audit discloses any deficiency in the payment of Base Rent or Percentage Rent by Tenant (“Deficient Amount”), then Tenant shall promptly pay Landlord the Deficient Amount upon demand.

  • If, at the end of any three-year period, STI shall have determined that the Minimum Payment has not been paid, then STI shall notify BFI in writing of the deficient amount (the "Deficient Amount") and BFI shall have 30 days from the date of such notice in which to pay the Deficient Amount.


More Definitions of Deficient Amount

Deficient Amount is defined in Section 2.4(b)(iii).
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Deficient Amount has the meaning set forth in Section 11.2(a)(i).
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Related to Deficient Amount

  • Deficient Loss means the determination by a court in a bankruptcy proceeding that the value of the collateral is less than the amount of the loan in which case the loss will be the difference between the then unpaid principal balance (or the NPV of a modified loan that defaults) and the value of the collateral so established.

  • Payment Amount as defined in Section 3.5.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Deficient Valuation With respect to any Mortgage Loan, a valuation of the related Mortgaged Property by a court of competent jurisdiction in an amount less than the then outstanding principal balance of the Mortgage Loan, which valuation results from a proceeding initiated under the Bankruptcy Code.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Remaining Amortization Period means, at any point in time, the number of consecutive calendar months equal to the number of months in the Amortization Period minus the number of scheduled monthly installments of principal and interest that have elapsed since the date of this Note.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Seller Remittance Amount With respect to each Servicer, the meaning assigned to such term in the related Servicing Agreement.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Maximum Purchase Amount means, for any CP Conduit, the aggregate Commitments of its Committed Purchasers, as set forth on Schedule I hereto.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Scheduled Principal Payment Amount means, for the Notes of any Series or Class, as applicable, on any Payment Date, the excess, if any, of (x) the then Outstanding Principal Balance of such Series or Class of Notes, as applicable, over (y) the Scheduled Targeted Principal Balance of such Series or Class, as applicable, for such Payment Date.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-5) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.