Balance Deficit definition

Balance Deficit means the Academy has more liabilities than assets at the end of any given school fiscal year, and includes any fiscal year where the Academy would have had a budget deficit but for a financial borrowing from, or monetary contribution by an Educational Service Provider or other person or entity to the Academy. If the Academy receives a gift or grant of money or financial support from an Educational Service Provider or other person or entity that does not require repayment by the Academy, and is not conditioned upon the actions or inactions of the Academy Board, then such gift or grant shall not constitute a financial borrowing or contribution for purposes of determining a Fund Balance Deficit.
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Examples of Balance Deficit in a sentence

  • If the Academy receives a gift or grant of money or financial support from an Educational Service Provider or other person or entity that does not require repayment by the Academy, and is not conditioned upon the actions or inactions of the Academy Board, then such gift or grant shall not constitute a financial borrowing or contribution for purposes of determining a Fund Balance Deficit.

  • Each Day J, for each Balancing Zone Z, the Daily Imbalance - reduced by the Daily Balance Excess or increased by the Daily Balance Deficit, depending on the case - shall constitute the Reduced Daily Imbalance for Day J for the Balancing Zone Z.

  • Daily Balance Deficit (referred to as EBJ): quantity of energy, expressed in MWh (GCV 25°C), as defined in the Paragraph entitled “Daily Imbalances” of Sections D1 and D2.

  • If, on at least one of the two Balancing Sections H or L, the Daily Balance S or the Daily Balance Deficit on Day D is nonzero, the calculation is complete and the Daily Quantity Converted on Day D is known.

  • All Losses in excess of the limitations set forth in Section 3.7.2.1 will be allocated to those Members (if any) that do not have an Adjusted Capital Account Balance Deficit, and allocated among them pro rata in proportion to their respective positive Adjusted Capital Account Balances, and thereafter to all the Members in accordance with their interests in the Company as determined by the Manager in the reasonable discretion of the Manager.

  • Following this step in the calculation, the Daily Balance Surplus or Daily Balance Deficit on Day D, for each Balancing Zone H and L and the Daily Quantity Converted on Day D, are known.

  • Daily Balance Deficit (referred to as EBJ): quantity of energy, expressed in MWh (GCV 25°C), as defined in the Clause entitled “Daily Imbalances” in Section D2.

  • As of the close of business on each Business Day, we will determine the Target Balance Deficit, if any.

  • This Sweep Service will transfer on each Business Day to one or more non-interest bearing Sweep Accounts the amount of Target Balance Surplus in a Primary Account and, as needed, will transfer on each Business Day from one or more Sweep Accounts to the Primary Account amounts necessary to cover any Target Balance Deficit.

  • If, following step 2, the Daily Balance Excess and the Daily Balance Deficit on Day D for each Balancing Section H and L are zero, the sum for Day D of the two Balancing Sections H and L is reduced by the square of the Positive or Negative Daily Non-Cumulative Imbalance, divided by the Authorised Cumulative Positive Daily Imbalance, whilst complying with the "Conversion" requirement defined in sub-clause 13.2.2 below.