Common use of Deferred Amount Clause in Contracts

Deferred Amount. For any Class of Subordinate Notes and Payment Date, will equal the amount by which (x) the aggregate of the Applied Loss Amounts previously applied in reduction of the Class Principal Balance thereof exceeds (y) the aggregate of amounts previously paid in reimbursement thereof.

Deferred Amount. For With respect to any Payment Date and each Class of Subordinate Notes and Payment DateSubordinate Senior Notes, will equal the amount by which (x) the aggregate of the Applied Loss Amounts previously applied in reduction of the Class Principal Balance Amount thereof exceeds (y) the sum of (i) the aggregate of amounts previously paid reimbursed in reimbursement thereofrespect thereof and (ii) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.