Market Deficiency definition
Market Deficiency means in respect of any class of assets of registered insurer, on any date, the amount, if any, by which the aggregate of the book values on that date of the assets of the registered insurer in that class exceeds the aggregate of their market values on that date;
Market Deficiency means the dollar amount that, when added to the market value of any Unenhanced Bonds (determined on the basis of Quotation of Bond Price) and divided by the related P-FLOATs Stated Amount, results in a fractional number equal to the related Minimum P-FLOATs Ratio.
Market Deficiency. “Market Deficiency Notice” and “Market Deficiency Threshold,” shall have the meanings set forth in Section 3.3(a).
Examples of Market Deficiency in a sentence
A “Cash Retention Event” shall be deemed to have occurred immediately upon the delivery by Administrative Agent to Borrower of a Market Deficiency Notice.
If Borrower shall elect to pay interest at an increased rate with respect to all Pledged Assets of a particular Asset Type and Advance Rate as provided in this Section 3.3(a)(iii), the Applicable Spread for all such Pledged Assets shall be increased, effective as of the date of the applicable Market Deficiency Notice, to the Applicable Spread on Schedule 2 hereto effective for such increased Advance Rate.
An example of the determination of Conventional Unit Below Market Deficiency is set forth in Schedule 19.2 attached hereto.