Valuation Deficiency definition

Valuation Deficiency means, with respect to any Purchased Mortgage Loan, any one of the following: (i)(x) with respect to any Purchased Mortgage Loan that is not an FHA Streamline Mortgage Loan or VA IRRR Mortgage Loan, the value cannot be supported within 10% of the original appraisal amount or AUS accepted value, as applicable, or (y) with respect to any Purchased Mortgage Loan that is an FHA Streamline Mortgage Loan or VA IRRR Mortgage Loan, the value cannot be supported within 10% of the Collateral Analytics value, (ii) if applicable, the related appraisal was not performed using the applicable Agency’s approved forms, or (iii) if applicable, the related appraiser was not appropriately licensed.
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Valuation Deficiency means, with respect to any Purchased Mortgage Loan, any one of the following: (i)(x) with respect to any Purchased Mortgage Loan that is not an FHA Streamline Mortgage Loan or VA IRRR Mortgage Loan, the value cannot be supported within 10% of the original appraisal amount or (y) with respect to any Purchased Mortgage Loan that is an FHA Streamline Mortgage Loan or VA IRRR Mortgage Loan, the value cannot be supported within 10% of the Collateral Analytics value, (ii) the related appraisal was not performed using the applicable Agency’s approved forms, or (iii) the related appraiser was not appropriately licensed.
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Valuation Deficiency means, with respect to any Mortgage Loan, any one of the following: (i) the value cannot be supported within [***] of the original Appraisal Value, (ii) the related Appraisal was not performed using the applicable Agency’s approved forms, or (iii) the related appraiser was not appropriately licensed.
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Examples of Valuation Deficiency in a sentence

  • File-system logs sampled activity every 5 seconds, and MDS CPU load was only measured for the primary MDS but not the four others.

  • The Seller shall repurchase a Purchased Mortgage Loan with a Valuation Deficiency for the applicable Repurchase Price within one business day.

  • The Seller will repurchase a Purchased Mortgage Loan with a Valuation Deficiency for the applicable Repurchase Price within one business day.

  • The Seller shall repurchase a Purchased Mortgage Loan with a Valuation Deficiency for the applicable Repurchase Price within [***].

  • The Repo Seller will repurchase a Purchased Mortgage Loan with a Valuation Deficiency within one business day for the applicable Repurchase Xxxxx.Xxxxxx case number, as applicable, appearing in the credit file, the Seller will repurchase such Purchased Mortgage Loan within one Business Day of such notification for the applicable Repurchase Price.

  • The Seller shall repurchase a Purchased Mortgage Loan with a Valuation Deficiency within one Business Day for the applicable Repurchase Price.

  • The Repo Seller will repurchase a Purchased Mortgage Loan with a Valuation Deficiency for the applicable Repurchase Price within one business day.

  • The Seller shall repurchase a Purchased Mortgage Loan with a Valuation Deficiency within one business day for the applicable Repurchase Price.


More Definitions of Valuation Deficiency

Valuation Deficiency means the amount by which aggregate shareholders' equity on the Closing Date Balance Sheet is less than $2,200,000
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Valuation Deficiency means, [***].
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Related to Valuation Deficiency

  • Subordination Deficiency With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.

  • 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.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • 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.

  • Construction defect means a deficiency in or a deficiency arising out of the design, specifications, surveying, planning, supervision, or observation of construction or construction of residential improvements that results from any of the following:

  • Erroneous Payment Return Deficiency has the meaning assigned thereto in Section 10.12(d).

  • 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.

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

  • Advance Deficiency As defined in Section 4.01(b).

  • Modification Default Loss means the loss calculated in Exhibits 2a(1)-(3) for single family loans previously modified pursuant to this Single Family Shared-Loss Agreement that subsequently default and result in a foreclosure, short sale or Deficient Loss.

  • Valuation Amount means, in respect of each Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.

  • Class B Deficiency Amount is defined in Section 4.1(b).

  • Class C Deficiency Amount is defined in Section 4.1(c).

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Valuation Period shall have the meaning specified in Section 14.04(c).

  • Class D Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class D Interest Coverage Ratio is at least equal to 105.0 per cent.

  • Class C Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 110.0 per cent.

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Valuation Date means the earliest of the following days:

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

  • Valuation Event means an event in which the Company at any time during a Valuation Period takes any of the following actions:

  • 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.