Waiver Deficiency definition

Waiver Deficiency means, as of the applicable Consent Period Expiration Date, an amount, if greater than zero, calculated in accordance with the following formula: (CA*B) + (CA*MSA) - (CB*A) - (ASA*A) Waiver Deficiency = ____________________________________________________ B + MSA where "A" refers to the Class A Invested Amount, "B" refers to the Class B Invested Amount, "MSA" refers to the Minimum Subordinated Amount, "CA" refers to the invested amount of the Notes of the consenting Class A Noteholders, "CB" refers to the invested amount of the Notes of the consenting Class B Noteholders and "ASA" refers to the Series 1995-1 Available Subordinated Amount, in each case as of such Consent Period Expiration Date.
Sample 1
Waiver Deficiency means, as of any determination date, the amount by which the aggregate principal balance of Class A Notes held by consenting Class A Noteholders exceeds 89% of the sum of (a) the aggregate principal balance of Class A Notes held by consenting Class A Noteholders, Plus (b) the aggregate principal amount of Class B Notes held by consenting Class B Noteholders, plus (c) the Series 1996-1 Available Subordinated Amount, plus (d) the Letter of Credit Amount.
Sample 1
Waiver Deficiency means, as of the applicable Consent Period Expiration Date, an amount, if greater than zero, calculated in accordance with the following formula: Waiver Deficiency = (CA x B) + (CA x MSA) - (CB x A) - (ASA x A) -------------------------------------------- B + MSA
Sample 1

Examples of Waiver Deficiency in a sentence

  • REMEDIAL PROVISIONS 16 6.1. [Reserved] 16 6.2. Pledged Securities 16 6.3. Proceeds to be Turned Over to Collateral Trustee 18 6.4. Application of Proceeds 18 6.5. Code and Other Remedies 18 6.6. Remedies for Intellectual Property 20 6.7. Waiver; Deficiency 21 6.8. Governmental Approvals 21 SECTION 7.

  • REMEDIAL PROVISIONS 18 6.1. Communications with Obligors; Grantors Remain Liable 18 6.2. Pledged Securities 18 6.3. Proceeds to be Turned Over to Administrative Agent 20 6.4. Application of Proceeds 20 6.5. Code and Other Remedies 22 6.6. Remedies for Intellectual Property 24 6.7. Waiver; Deficiency 25 SECTION 7.

  • REMEDIAL PROVISIONS 14 6.1. Communications with Obligors 14 6.2. Pledged Securities 14 6.3. Proceeds to be Turned Over to Administrative Agent 16 6.4. Application of Proceeds 16 6.5. Code and Other Remedies 17 6.6. Remedies for Intellectual Property 19 6.7. Waiver; Deficiency 20 6.8. Governmental Approvals 20 6.9. Certain Customer Information 21 SECTION 7.

  • REMEDIAL PROVISIONS 19 6.1. Communications with Obligors; Grantors Remain Liable 19 6.2. Pledged Securities 19 6.3. Proceeds to be Turned Over to Administrative Agent 20 6.4. Application of Proceeds 21 6.5. Code and Other Remedies 22 6.6. Remedies for Intellectual Property 25 6.7. Waiver; Deficiency 26 SECTION 7.


More Definitions of Waiver Deficiency

Waiver Deficiency means, as of the applicable Consent Period Expiration Date, an amount, if greater than zero, calculated in accordance with the following formula:
Sample 1

Related to Waiver 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.

  • Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes are Performing Equipment Notes.

  • Accumulated Funding Deficiency has the meaning ascribed to that term in Section 302 of ERISA.

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

  • 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.

  • Reportable Modified Mortgage Loan Any Mortgage Loan that (i) has been subject to an interest rate reduction, (ii) has been subject to a term extension or (iii) has had amounts owing on such Mortgage Loan capitalized by adding such amount to the Stated Principal Balance of such Mortgage Loan; provided, however, that a Mortgage Loan modified in accordance with clause (i) above for a temporary period shall not be a Reportable Modified Mortgage Loan if such Mortgage Loan has not been delinquent in payments of principal and interest for six months since the date of such modification if that interest rate reduction is not made permanent thereafter.

  • Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.

  • 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.

  • 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.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 6.4(b)(vi) hereof.

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.

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

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Funding Default as defined in Section 2.21.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Erroneous Payment Return Deficiency has the meaning assigned to it in Section 14.14(d).

  • 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.

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

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 14.14(d).

  • Loan Event of Default An “Event of Default” as defined in the Loan Agreement.

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):