Asset Amount Deficiency definition

Asset Amount Deficiency means, as of any date of determination, the amount, if any, by which the Required Asset Amount exceeds the Aggregate Asset Amount, as of such date of determination.

Asset Amount Deficiency means, with respect to the Series 2010-3 Notes as of any date of determination, the amount, if any, by which the Required Asset Amount exceeds the Aggregate Asset Amount on such date.

Asset Amount Deficiency has the meaning given to it in the applicable Series Supplement.

Examples of Asset Amount Deficiency in a sentence

• If required to ensure that (i) the Adjusted Liquid Enhancement Amount will equal or exceed the Required Liquid Enhancement Amount, and (ii) no Aggregate Asset Amount Deficiency will exist, the Issuer Administrator shall, within two (2) Business Days of becoming aware of such requirement, deliver to the Letter of Credit Provider a notice substantially in the form of Exhibit C-1 hereto, requesting an increase in the stated amount of any Letter of Credit effective on the date set forth in such notice.

• Upon discovery of such a Class Enhancement Deficiency, Aggregate Asset Amount Deficiency or Class A Excess Principal Event, HVF promptly, but in any event within 5 Business Days, shall deliver written notice (by facsimile with original to follow by mail) of any such Mandatory Decreases to the Trustee.

• Each reduction pursuant to Section 2.5(b) (Reduction of Class B Principal Amount) may only be made if, after giving effect to such reduction, no Aggregate Asset Amount Deficiency and no Amortization Event or Potential Amortization Event, in each case with respect to the Series 2021-A Notes, has occurred and is continuing at the time of such reduction or will occur after giving effect to such reduction.

• If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 1998-1 Notes on any Payment Date are in excess of the amount required to pay amounts due in respect of the Series 1998-1 Notes on such Payment Date in full, then any such excess Principal Collections shall be allocated to the Retained Distribution Account (provided that no Series 1998-1 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation).

• Upon discovery of such Series 2009-1 Enhancement Deficiency, Aggregate Asset Amount Deficiency or Series 2009-1 Excess Principal Event, HVF shall promptly, but in any event within 5 Business Days, deliver written notice (by facsimile with original to follow by mail) of any related Mandatory Decreases to the Trustee.

More Definitions of Asset Amount Deficiency

Asset Amount Deficiency shall, with respect to any applicable Financing Source, have the meaning, if any, specified in the Financing Documents of such Financing Source.

Asset Amount Deficiency. (other than in connection with the issuance of a Segregated Series of Notes), "Eligible Manufacturer" or "Eligible Manufacturer Program" (other than in connection with a waiver of such eligibility requirement by the Noteholders of any Series of Notes, but only to the extent so provided in the related Supplement in respect of such Series of Notes), "Invested Amount", "Invested Percentage", or the applicable amount of Enhancement or any defined term used for the purpose of any such definitions shall require the consent of each affected Noteholder; and

Asset Amount Deficiency shall have the meaning set forth in the Indenture.

Asset Amount Deficiency with respect to the Series 2001-3 Notes will occur if, at any time, the Group V Required Asset Amount exceeds the Group V Aggregate Asset Amount.

Asset Amount Deficiency with respect to the Series 2000-2 Notes shall mean a Series 2000-2 Asset Amount Deficiency and with respect to any other Group III Series of Notes, shall have the meaning specified in the related Series Supplement.

Asset Amount Deficiency with respect to the Series 2001-4 Note shall mean a Series 2001-4 Asset Amount Deficiency and with respect to any other Group IV Series of Notes, shall have the meaning specified in the related Series Supplement.

Asset Amount Deficiency shall occur if and to the extent the Series 2000-1 Allocated Adjusted Aggregate Receivable Balance is less than the Series 2000-1 Required Asset Amount as of such date.