Margin Deficiency definition

Margin Deficiency shall have the meaning provided in Section 2.06 hereof.

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Margin Deficiency means, at any time of determination, that the Advance Rate exceeds the Maximum Advance Rate.

Margin Deficiency means, as of any date of determination, the Total Accrued Loan Amount as of such date exceeds the Borrowing Base as of such date.

Examples of Margin Deficiency in a sentence

• If at any time there exists a Margin Deficiency, the Seller shall cure such Margin Deficiency in accordance with Section 2.06 hereof.

• Upon receipt by the Buyer of payment of the Repurchase Price in respect of such Purchased Loan, the Buyer shall release and remit to the Seller the amount of any Takeout Proceeds in excess of the Recognized Value of such Purchased Loans (the “Remittance Amount”); provided, that, both immediately before and after giving effect to such release and remittance, (i) there is no Default or Event of Default under this Repurchase Agreement or any other Repurchase Document and (ii) there is no Margin Deficiency.

• To the extent that a Margin Deficiency exists or would be created by the release of the Remittance Amount or a Default or an Event of Default has occurred and is continuing, the Buyer shall be entitled to retain the Remittance Amount, and the Seller thereupon shall have no further rights, title, or interest in and to such Remittance Amount.

• To the extent that a Margin Deficiency exists or would be created by the release of the Remittance Amount or a Default or an Event of Default has occurred and is continuing, the Buyer shall be entitled to retain the Remittance Amount.

• If at any time there exists a Margin Deficiency, the Seller shall cure such Margin Deficiency in accordance with Section 2.07 hereof.

More Definitions of Margin Deficiency

Margin Deficiency has the meaning specified in Annex I.

Margin Deficiency means, at any time of determination, that the Revolving Exposure is in excess of 30% of Available Assets minus the FX Reserve Amount.

Margin Deficiency means the amount by which the required margin exceeds the equity in the margin account.

Margin Deficiency means, at any time of determination, that (a) the Revolving Exposure is in excess of the sum of the Adjusted Market Value of all Eligible Collateral or (b) the Asset Coverage is less than 300%.

Margin Deficiency means at any time, with respect to each Tranche (as defined in the Credit Agreement) the excess, if any, of (i) the aggregate of all Proceeds (as defined in the Credit Agreement) advanced by the Lender under the Credit Agreement related to such Tranche and not repaid at that time over (ii) the aggregate Maximum Loan Value (as defined in the Credit Agreement) of the Eligible Collateral allocated to such Tranche at that time.

Margin Deficiency means, at any time of determination, that (i) the Revolving Exposure is in excess of 30% of Adjusted Net Assets; or (ii) the Revolving Exposure plus the Borrower’s overall exposure to leverage utilized by all the Underlying Funds (as defined in the Prospectus) is in excess of 33 1/3% of Adjusted Net Assets; or (iii) the Revolving Exposure together with all other indebtedness of the Borrower exceeds the Maximum Amount.

Margin Deficiency means a situation or contingency where the value of aggregate available securities is as referred in here & above Margin Available is inadequate to meet the Margin Requirement