Program deficiency definition

Program deficiency means a defect in a community’s floodplain management regulations or administrative procedures that impairs effective implementation of those floodplain management regulations.
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Program deficiency means a defect in a community’s floodplain management regulations or administrative procedures that impairs effective implementation of those floodplain management regulations or of the NFIP standards.
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Program deficiency means, at any time the amount, if any, by which (a) the Facility Amount exceeds (b) the Capital Limit.
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Examples of Program deficiency in a sentence

  • Under no circumstances shall the Lender be required to make an Advance if, after giving effect to such Advance, a Program Deficiency would exist.

  • If, as a result of the breach of any of the representations and warranties in Section 4.01 or for any other reason there exists or would exist a Program Deficiency, the Borrower shall promptly (and, in any case, within three Business Days) prepay to the Agent, for the account of the Lender, the portion of the Loans as is necessary to cure such Program Deficiency.

  • Under no circumstances shall the Borrower request, or the Lender make, any Loan if, (a) the principal amount of such Loan is less than $1,000,000 or (b) after giving effect to the Borrowing of such Loan, (i) an Early Amortization Event or an event that but for notice or lapse of time or both would constitute an Early Amortization Event shall have occurred and is continuing or (ii) a Program Deficiency shall have occurred and is continuing.

  • Notwithstanding anything to the contrary contained in this Section 2.05 or in any other provision in this Agreement, if, on any day prior to the Collection Date, a Program Deficiency shall occur, then the Borrower shall remit to the Agent, within three Business Days, a payment (to be applied by the Agent to repay Loans selected by the Agent, in its sole discretion) in such amount as may be necessary to eliminate such Program Deficiency.


More Definitions of Program deficiency

Program deficiency means, on any date, the amount (if any) by which the Facility Amount exceeds the lesser of (i) Capital Limit or (ii) the Maximum Facility Amount.
Sample 1
Program deficiency means a defect in a community's flood plain management regulations or administrative procedures that impairs effective implementation of those flood plain management regulations or of the standards in §§ 60.3, 60.4, 60.5, or 60.6.
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Program deficiency means a defect in a community’s floodplain management regulations or administrative procedures that impairs effective implementation of those floodplain management regulations or of the National Flood Insurance Program Standards in Section 60.3, 60.4, 60.5 or 60.6.
Sample 1Sample 2
Program deficiency means a defect in a community's floodplain management regulations or administrative procedures that impairs effective implementation of those floodplain management regulations or of the National Flood Insurance Program standards.
Sample 1Sample 2
Program deficiency means a defect in a community's floodplain management regulations or administrative procedures that impairs effective implementation of those floodplain management standards or of the standards of 44 CFR 60.3, 60.4, 60.5, and/or 60.6.
Sample 1
Program deficiency means a defect in a community's floodplain management regulations or administrative procedures that impairs effective implementation of those floodplain management standards or of the standards of 44 CFR 60.3, 60.4, 60.5, and/or 60.6.
Sample 1

Related to Program deficiency

  • Funding Default as defined in Section 2.21.

  • 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.

  • Daily Deficiency Rate means the rate employed to assess certain deficiency charges under Xxxxxx, Attachment DD, section 7, Tariff, Attachment DD, section 8, Tariff, Attachment DD, section 9, or Tariff, Attachment DD, section 13.

  • Reportable Event means any of the events set forth in Section 4043(c) of ERISA, other than events for which the thirty (30) day notice period has been waived.