Margin Deficiency definition

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

Margin Deficiency means the amount by which the required margin in an account is not satisfied by the eq- uity in the account, as computed in ac- cordance with § 242.404 of this Regula- tion (§§ 242.400 through 242.406).

Margin Deficiency means the amount by which the required margin in an account is not satisfied by the eq- uity in the account, as computed in ac- cordance with § 41.46 of this subpart.

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.

• If the Securities Intermediary notifies the Issuer at or before 1:00 p.m. New York City time on any Business Day of the existence of a Margin Deficiency (taking into account any new issuance, maturities or redemptions), then on or before 3:30 p.m. New York City time on such Business Day, the Issuer shall deliver to Securities Intermediary for deposit into the Collateral Account an amount of Collateral at least equal to the 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.

• 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.

More Definitions of Margin Deficiency

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.

Margin Deficiency means theamount by which the required margin in an account is not satisfied by the equity in the account, as computed in accordance with § 41.46 of this subpart.

Margin Deficiency means the amount by which the required margin in an account is not satisfied by the equity in the account, as computed in accordance with § 242.404 of this Regulation (§§ 242.400 through 242.406).

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 w hich the required margin exceeds the equity in the margin account.