Aggregate Deficit Amount has the meaning specified in Section 10.11.
Aggregate Deficit Amount means, for any Person, at any time, the excess of (i) the aggregate amount of payment obligations for which such Person is then liable under its Hedge and Repo Transactions with one or more counterparties over (ii) the then aggregate value of the collateral then securing all such payment obligations.
Aggregate Deficit Amount shall have the meaning set forth in Section 2.7(a).
Examples of Aggregate Deficit Amount in a sentence
If the Aggregate Deficit Amount exceeds the Aggregate Surplus Amount (the amount by which the Aggregate Deficit Amount exceeds the Aggregate Surplus Amount, referred to as the “ Net Deficit Amount”), then (i) the Sellers’ Representative shall, within ten (10) Business Days of the determination of the Net Deficit Amount, deliver to the Buyer, by wire transfer of immediately available funds to an account designated by the Buyer, funds in an amount equal to the Net Deficit Amount .
More Definitions of Aggregate Deficit Amount
Aggregate Deficit Amount as defined in Section 7.2.
Aggregate Deficit Amount is defined in Section 15.12.
Aggregate Deficit Amount shall have the meaning provided in Section 10.16 of this Agreement.
Aggregate Deficit Amount means, in relation to the Repo Transactions of any Person, the sum of the respective Deficit Amounts (if any) for each such Repo Transaction.
Aggregate Deficit Amount has the meaning set forth in Section 1.5(e)(iv).
Aggregate Deficit Amount has the meaning given to such term in Section 1.5(j)(vii).
Aggregate Deficit Amount has the meaning specified in Section 11.11. “Aggregate Excess Amount” has the meaning specified in Section 11.11. “Agreement” means this Credit Agreement. “Anti-Corruption Laws” means all laws, rules and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or corruption. “Anti-Money Laundering Laws” means any and all laws, judgments, executive orders, regulations, statutes or treaties applicable to a Loan Party or its Subsidiaries, related to terrorism financing or money laundering including any applicable provision of the PATRIOT Act and The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959). “Applicable Advance Rate” means (a) with respect to each Non-Stabilized Asset, 50%, (b) with respect to each other Eligible Ground Net Lease Asset, 67% and (c) with respect to an Eligible Loan Asset, 60%. “Applicable Fee Rate” means, with respect to any day, the per annum fee rate set forth opposite the Revolver Usage for such day in the following pricing grid: Revolver Usage Applicable Fee Rate ≤ 50% 0.25% > 50% 0.15% For purposes hereof, “Revolver Usage” means, with respect to any day, the ratio (expressed as a percentage) of (a) the sum of (i) the Outstanding Amount of Loans on such day and (ii) the Outstanding Amount of L/C Obligations on such day to (b) the Aggregate Commitments in effect on such day. “Applicable Percentage” means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments represented by such Lender’s Commitment at such time, subject to adjustment as provided in Section 2.17. If the commitment of each Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be determined based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption or New Lender Joinder Agreement pursuant to which such Lender becomes a party hereto, as applicable. “Applicable Rate” means, for any day, with respect to any Eurodollar Rate Loan, LIBOR Flo...