Escrow Deficit definition

Escrow Deficit shall have the meaning set forth in Section 2.05(c)(iv).
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Escrow Deficit is defined in Section 2.5.
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Escrow Deficit means any difference between the Escrow Amount and the then-current balance of the Escrow Account.
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Examples of Escrow Deficit in a sentence

  • The payment of any Working Capital Escrow Deficit required to be made to the Buyer pursuant to Section 1.13(c)(iv) shall be made solely from the Working Capital Escrow Fund, provided, that, if the Working Capital Escrow Fund is insufficient to fully satisfy any Working Capital Escrow Deficit, then the Buyer may be reimbursed for any remaining Working Capital Escrow Deficit solely from the Available Escrow Fund.

  • While there are no disputes regarding the pre-petition escrow deficits and the post-petition “true-ups” of certain tax and insurance escrows owing to Annaly, Debtors challenge whether they are obligated to cure the $146,177.98 “so-called” Escrow Deficit 2, alleged by Annaly.

  • If the Buyer recovers a portion of the Working Capital Escrow Deficit from the Escrow Fund pursuant to Section 6.1(c) (such amount so recovered by the Buyer is referred to as the “Make Whole Amount”), then the Buyer shall be entitled to offset the Make Whole Amount against the Net Earn-Out Amount, if any.

  • Debtors explained that Escrow Deficit 2 is an escrow to cover estimated insurance premiums.

  • On the record before it, the court disallows the $146,177.98 relating to Escrow Deficit 2.

  • If the City chooses to establish an escrow/impound account for any borrower, Consultant will also establish a Client Escrow Deficit account.

  • The Company Security Holders shall be liable for any Escrow Deficit on a pro rata basis in accordance with the percentages set out in Final Schedule 2.5(c).

  • In the event the fair market value of the Escrow Shares as of March 10, 2001 falls below Three Million Three Hundred Eighty-Seven Thousand Five Hundred Twenty-Five Dollars and Sixty Cents ($3,387,525.60) (the "Escrow Deficit"), Buyer shall deliver to the Shareholders additional shares of Buyer Common Stock the fair market value of which is equal to the Escrow Deficit.

  • The operating amount is the bank accounts not marked "Escrow Deposit Analysis", less current liabilities less Escrow Deficit.

  • If the Buyer recovers a portion of the Working Capital Escrow Deficit from the Escrow Fund pursuant to Section 6.1(c) (such amount so recovered by the Buyer is referred to as the “Make Whole Amount”), then the Buyer shall be entitled to offset the Make Whole Amount against the Net Earn- Out Amount, if any.


More Definitions of Escrow Deficit

Escrow Deficit means the difference between Two Hundred Seventy Thousand and No/100 Dollars ($270,000.00) and the amount of the Escrow Property. Fishers Ellipse shall provide notice, and Escrow Holder may provide notice but has no obligation to do so, to Commission of any money paid into the Escrow Account as a result of an Escrow Deficit. Failure to provide such notice shall result in the Commission realizing the RDC’s Additional Basis as described in the MLFA.
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Related to Escrow Deficit

  • Operating Deficit means that, at the end of the fiscal year, the unassigned fund balance in the General Fund is less than zero.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2006-1 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2006-1 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2006-1 Liquidity Amount on such date and (b) the Series 2006-1 Required Liquidity Amount on such date.

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Deficit means an excess of liabilities and reserves of a fund over its assets.

  • Deficit Amount has the meaning set forth in Section 6.02.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

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

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • Indemnity Escrow Amount means $3,000,000.

  • 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.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • Adjustment Escrow Amount means $1,000,000.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Lease Deficit Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Lease Deficit Demand.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • 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.

  • Working Capital Escrow Amount means $2,000,000.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Final Cash has the meaning set forth in Section 3.2(b).

  • Escrow Cash is defined in Section 4.1(a).

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Allocation Amount means, as of the Closing Date, the Series 2023-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2023-1 Stated Principal Amount resulting from the issuance of additional Series 2023-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2023-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding DollarPrincipal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.