Estimated Deficiency definition

Estimated Deficiency has the meaning set forth in Section 2.3(a).
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Estimated Deficiency means the amount, if any, by which the Estimated Closing Net Worth is less than $12,505,000.
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Estimated Deficiency is defined in Section 2.4(b).
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Examples of Estimated Deficiency in a sentence

  • Each Consenting Noteholder shall pay to the Disposal Agent its portion of the Estimated Deficiency Amount in immediately available funds for value the third Business Day following the Consent Date.

  • If the Disposal Agent has received the Estimated Deficiency Amount in full by midday (London time) on the fifth Business Day following the Consent Date, the Disposal Agent shall ask the Highest Bidder to give its firm bid quotation to buy the Collateral for settlement on the eighth Business Day following the Consent Date and shall ask the Lowest Offeror to give its firm offer quotation to sell the Replacement Collateral for settlement on the eighth Business Day following the Consent Date.

  • If the sum of the Actual Proceeds and the Estimated Deficiency Amount is equal to or greater than the Actual Replacement Collateral Cost, the Disposal Agent shall sell the Collateral to the Highest Bidder for settlement on the eighth Business Day following the Consent Date and shall use the Actual Proceeds and the Estimated Deficiency Amount to purchase the Replacement Collateral from the Lowest Offeror for settlement on the eighth Business Day following the Consent Date.

  • The portion of the Estimated Deficiency Amount owed by each Consenting Noteholder shall equal the product of (A) a fraction, the numerator of which is the principal amount of Notes owned by the Consenting Noteholder and the denominator of which is the aggregate principal amount of Notes owned by all Consenting Noteholders and (B) the Estimated Deficiency Amount.

  • The Disposal Agent shall calculate whether the sum of (A) the proceeds from the sale of the Collateral if it were to accept the firm bid quotation of the Highest Bidder (the “Actual Proceeds”) and (B) the Estimated Deficiency Amount is more or less than the actual purchase price of the Replacement Collateral if the Disposal Agent were to accept the firm offer quotation of the Lowest Offeror (the “Actual Replacement Collateral Cost”).

  • To the extent that the sum of the Actual Proceeds and the Estimated Deficiency Amount exceed the Actual Replacement Collateral Cost (such excess being the “Surplus”), the Disposal Agent shall distribute the Surplus pro rata to the Consenting Noteholders for value the eighth Business Day following the Consent Date.

  • To the extent that the sum of the Actual Proceeds and the Estimated Deficiency Amount exceed the Actual Replacement Initial Collateral Cost (such excess being the “Surplus”), the Disposal Agent shall distribute the Surplus pro rata to the Consenting Noteholders for value the eighth Business Day following the Consent Date.

  • Figure 3 - Estimated Deficiency Costs We conclude that the City has an effective process to accept open space assets.

  • If the sum of the Actual Proceeds and the Estimated Deficiency Amount is equal to or greater than the Actual Replacement Initial Collateral Cost, the Disposal Agent shall sell the Initial Collateral to the Highest Bidder for settlement on the eighth Business Day following the Consent Date and shall use the Actual Proceeds and the Estimated Deficiency Amount to purchase the Replacement Initial Collateral from the Lowest Offeror for settlement on the eighth Business Day following the Consent Date.

  • The Division, in paragraph “8” of its answer to the petition, affirmatively stated that the Notice of Estimated Deficiency which originally asserted tax due of$9,500.00 plus penalties and interest was increased to assert tax due of $17,250.00 plus interest based upon the appraisal submitted by petitioner.4 Penalties were no longer being asserted by the Division.


More Definitions of Estimated Deficiency

Estimated Deficiency means the amount, if any, by which the Estimated Working Capital Amount is less than Six Million Eight Hundred Twenty-One Thousand Dollars ($6,821,000).
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Estimated Deficiency shall have the meaning set forth in Section 1.5(a).
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Related to Estimated Deficiency

  • 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.

  • Gas Supply Deficiency means any occurrence relating to Seller's gas supply which causes Seller to deliver less than the total requirements of its system, including failures of suppliers to deliver gas for any reason, requirement of gas for system storage, conservation of gas for future delivery, or any other occurrence which is not enumerated herein which affects Seller's gas supply.

  • 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.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

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

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

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

  • Accumulated Funding Deficiency has the meaning ascribed to that term in Section 302 of ERISA.

  • 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.

  • 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.

  • Borrowing Base Deficiency means, as of any date of determination, the positive amount, if any, by which (i) the aggregate Loans Outstanding exceeds (ii) the Borrowing Base.

  • 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.

  • 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.

  • Erroneous Payment Return Deficiency has the meaning assigned to it in Section 14.14(d).

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • 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.

  • 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.

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • 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 Claim Amount has the meaning set forth in Section 5.5(a).

  • Deficiency means a defect, flaw, anomaly, failure, omission, interruption of service, or other problem of any nature whatsoever with respect to a Deliverable, including, without limitation, any failure of a Deliverable to conform to or meet an applicable specification. Deficiency also includes the lack of something essential or necessary for completeness or proper functioning of a Deliverable.

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.