Total Deficiency Amount definition

Total Deficiency Amount means the difference between the “Total Margin Amount Received” and “Broker-set Margin for Customer” when the former falls short of the latter.
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Total Deficiency Amount. With respect to any Payment Date, the sum of the Pool Deficiency Amounts of all Deficient Pools.
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Total Deficiency Amount shall have the meaning specified in Section 4.6.
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Examples of Total Deficiency Amount in a sentence

  • Notwithstanding the provisions of the Article 11.2, under the case prescribed in the Paragraph 1, the customer may be granted, and the Broker Member may grant the deferral of the placement of Clearing Margins equivalents to Total Deficiency Amount or Cash Deficiency Amount, as prescribed by the Broker Member, within the limit of the Contract Deposit Amount under the LG Agreement Concerning Direct Deposits.

  • In cases where a customer has incurred the Total Deficiency Amount or Cash Deficiency Amount, the Broker Member shall notice the amount of total deficiency or cash deficiency to a customer without delay.

  • If Purchaser discovers any Title Deficiency Amounts and/or Property Condition Deficiency Amounts as determined in Section 2.5 and Section 2.6 above (the total Title Deficiency Amounts plus the total Property Condition Amounts being herein the "Total Deficiency Amount", then Purchaser, at its election, may give written notice to Sellers not later than 5:00 p.m. (Central Time) on May 7, 2010 (the "Deficiency Notice").

  • A customer shall place or deposit an amount not less than the larger of the Total Deficiency Amount or the Cash Deficiency Amount with the Broker Member as Clearing Margin by the date and time designated by the Broker Member, to be set no later than noon on the business day (two business days in the cases of a customer who is a non-resident) immediately following the day on which such deficiency occurs (meaning a day separately specified for each Clearing Period determined by the Clearing House).


More Definitions of Total Deficiency Amount

Total Deficiency Amount. (as defined in Exhibit A) prior to application of any amounts allocable to Series 1998-1 in respect of Shared Finance Charge Collections (as defined in Exhibit A) pursuant to Section 4.6 of such Exhibit A.
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Total Deficiency Amount is defined in Section 4.5. ----------------------- -----------
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Total Deficiency Amount means the amount determined using the table set forth in Schedule A to this Agreement.
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Related to Total Deficiency Amount

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Deficiency Balance means, with respect to any Receivable, any deficiency balance, charged-off amount, Principal Balance, accrued interest and/or fees and any Related Security; provided, that such amounts and Related Security relate to a Receivable which is a Defaulted Receivable.

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to: