Actual Deficiency definition

Actual Deficiency shall have the meaning set forth in Section 3.3(c) hereof;
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Actual Deficiency is defined in Section 2.5(b)(i).
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Actual Deficiency has the meaning given to such term in Clause 6.3(a)(i) (Contingent Equity Funding).
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Examples of Actual Deficiency in a sentence

  • Actuarially Contribution Actual Contribution FY Ending Determined Actual Deficiency Covered as a % of June 30, Contribution# Contribution (Excess) Payroll Covered Payroll 2014 * Includes DROP members, consistent with Plan Funding.# Beginning with FY 2015, employer contributions are set forth in the POA through 2023 and are not actuarially determined.

  • Actual covered payroll paid during the year was unavailable.‌Schedule of Contributions MultiyearActuarially Contribution Actual Contribution FY Ending Determined Actual Deficiency Covered as a % of June 30, Contribution Contribution (Excess) Payroll* Covered Payroll 2014 * Covered payroll shown is the reported payroll from the actuarial valuation date (census date).

  • Within two (2) business days following the computation and final determination, pursuant to Section 2.3(b) hereof, of the Closing Working Capital, and based upon such final determination, if the Closing Working Capital is less than $1,900,000 (the amount of such deficiency, the "Actual Deficiency" ), Seller shall, pursuant to Section 2.3(d) hereof, pay to Buyer an amount equal to the Actual Deficiency.

  • This meant that with market prices Table 9-1 .–Loan Rates, Target Prices, and Deficiency Payments for Wheat in the United States, 1974-86 (In dollars/bushel) National Actual Deficiency paymentsaverage deficiency as proportion ofYear market price Loan rate Target price payment target price (percent)1974 .

  • As used herein, the "Section 2.5(b)(i) Adjustment" means (A) if there was no Estimated Deficiency, the sum of the Actual Deficiency and any Estimated Surplus or (B) if there was an Estimated Deficiency and the Actual Deficiency exceeds such Estimated Deficiency, the amount of such excess.

  • Until information for the full 10-year period is available, information will be presented for the years it is available.Volunteer Firefighters Pension Plan (FPPA) For the Year Ended December 31, 2020Fiscal YearActual Contribution asActuarially Contribution a Percentage ofEnding Determined Actual Deficiency Covered Covered December 31, Contribution* Contribution* (Excess) Payroll Payroll * - Actuarially Determined Contribution is net of employee contributions.

  • The current required reserve amount as determined by the bond documents and the reserve balances at June 30, 2015 for each outstanding debt issue is as follows:Excess Description Required Actual (Deficiency) 2007A/B Tax Allocation Bonds583,169593,98610,8172009 Wastewater Revenue Bonds937,000937,7037032011 Waste Revenue Bonds1,324,5782,011,356686,778 The 2014 Waste Water Revenue Bonds do not have a reserve fund requirement.

  • In the event of an Actual Deficiency, the amount of such Actual Deficiency shall be paid first from the Working Capital Holdback and then, if necessary, by Seller (without regard to the Threshold (as defined herein) or any other limitation).

  • In the event that either (i) the Actual Deficiency is less than the Working Capital Holdback or (ii) the Closing Working Capital is equal to or greater than $1,900,000, Buyer shall promptly (and in any event within two (2) business days after determination of the Closing Working Capital) pay Seller the Working Capital Holdback less the Actual Deficiency, if any.

  • Annex 1 thus constitutes the Final Audit Report in accordance with Section 2.5 0) of the Purchase Agreement Pursuant to the Final Audit Report the Actual Deficiency Amount is USD29,330,000.


More Definitions of Actual Deficiency

Actual Deficiency shall have the meaning set forth in Section 1.5(c).
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Related to Actual Deficiency

  • 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.

  • 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.

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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

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

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

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

  • 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;

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding 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.

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

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

  • Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).