Reserve Deficiency has the meaning set forth in Section 2.8(b).

Reserve Deficiency has the meaning given to such term in Section 4(iii).

Reserve Deficiency means the amount, if any, by which $4,736,000 exceeds the amounts collected by the Corporation on or before July 31, 2000 for services performed on or before July 31, 1999. No later than October 31, 2000, the Chief Financial Officer of the Corporation shall certify as to the Reserve Deficiency to each record holder of shares of this Series. At the request of any record holder of the shares of this Series, the Corporation shall cause the Reserve Deficiency to be verified by an audit performed by an internationally-recognized independent public accounting firm.

Examples of Reserve Deficiency in a sentence

Any such transfer is either made to a Grant Account or Earnings Account depending on the source of the funds transferred to the Reserve Deficiency Account.
IRIS Ratios If the company reserves will create exceptional values using the NAIC IRIS Tests for One- Year Reserve Development to Surplus, Two-Year Reserve Development to Surplus and Estimated Current Reserve Deficiency to Surplus, the actuary must include RELEVANT COMMENT on the factors that led to the unusual value(s).
If the Company’s reserves will create exceptional values under the NAIC IRIS Tests for One-Year Reserve Development to Policyholders’ Surplus, Two-Year Reserve Development to Policyholders’ Surplus or Estimated Current Reserve Deficiency to Policyholders’ Surplus, the Appointed Actuary must include RELEVANT COMMENT on the factors that led to the unusual value(s).
Amounts held in the Reserve Deficiency Account, Equity Grant Account, Reserve Grant Account Reserve Earnings Account and Equity Earnings Account secure, and are a source of payment, for Guarantee Revenue Bonds as permitted by 40 CFR 35.3525(e).
Amounts held in the Support Account, Reserve Deficiency Account, Equity Grant Account, Reserve Grant Account Reserve Earnings Account and Equity Earnings Account secure, and are a source of payment, for Guarantee Revenue Bonds as permitted by 40 CFR 35.3120(d) & (f).

More Definitions of Reserve Deficiency

Reserve Deficiency means, as of any date of determination, the amount by which (a) the Reserved Commitment in effect on such date exceeds (b) the Total Revolving Loan Commitments in effect on such date.

Reserve Deficiency shall have the meaning, with respect to any Series, specified in the applicable Series Supplement.

Reserve Deficiency has the meaning specified in Section 504(b) of this Indenture.

Reserve Deficiency means the amount necessary, if any, to replenish the Reserve Account to the Reserve Requirement, calculated by subtracting: (1) the Reserve Assets, together with all other amounts available to the Bond Trustee under the Indenture for deposit into the Reserve Account as of the date of calculation, from (2) the Reserve Requirement.

Reserve Deficiency for any month shall mean the Required Reserve Amount less the Value of the Reserve Fund;

Reserve Deficiency. 2.10(e)(iii) “Reserve Excess” 2.10(e)(ii)

Reserve Deficiency means the excess, if any, of (i) the Required Reserve for the Health Care Notes over (ii) the amount on deposit in the Reserve Subaccount for the Health Care Notes.