Relevant Deficit definition

Relevant Deficit means the Funding Deficit or, as the case may be, Insurance Buy-Out Deficit.
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Relevant Deficit means, in respect of:
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Relevant Deficit means any Deficit in respect of the Seller's Scheme which arises as at the date ▇▇▇▇▇▇▇▇ Refractories Limited ceases to participate in the Seller's Scheme or as at the first actuarial valuation of such scheme with an effective date falling after 5th April, 1997 except to the extent that any Deficit arises from an act or omission (other than the cessation of participation in the Seller's Scheme by ▇▇▇▇▇▇▇▇ Refractories Limited) of the Purchaser or any member of the Purchaser's Group;
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Examples of Relevant Deficit in a sentence

  • Subject to paragraph 9(D), in the event that there is a Relevant Deficit in the Seller's Scheme, the Seller shall make a payment to the Seller's Scheme of such amount as is required to discharge the Purchaser from any liability pursuant to the Relevant Provisions to contribute to or in respect of any Deficit arising in respect of the Seller's Scheme.

Related to Relevant Deficit

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • Spread Account Deficiency means the excess, if any, of the Required Spread Account Amount over the Available Spread Account Amount.

  • Deficit means an excess of liabilities and reserves of a fund over its assets.

  • 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.