Deficiency Amount definition

Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

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Deficiency Amount means any amount that is less than the entire amount a Borrower is entitled to receive by way of contribution or subrogation from, but that has not been paid by, the other Borrowers in respect of any Recovery Amount attributable to the Borrower entitled to contribution, until the Deficiency Amount has been reduced to Zero Dollars ($0) through contributions and reimbursements made under the terms of this Section 2.10(e) or otherwise.

Deficiency Amount shall have the meaning specified in Section 4.05.

Examples of Deficiency Amount in a sentence

• With respect to any Appraisal Reduction Amount or Collateral Deficiency Amount, as applicable, calculated for purposes of determining (i) the Voting Rights of the related Classes for purposes of removal of the Special Servicer or the Operating Advisor or (ii) the Controlling Class or the occurrence and continuance of a Control Termination Event or an Operating Advisor Consultation Event, the appraised value of the related Mortgaged Property shall be determined on an “as is” basis.

• None of the Master Servicer, the Operating Advisor, the Trustee or the Certificate Administrator shall calculate or verify any Collateral Deficiency Amount.

• As of the first Determination Date after a Mortgage Loan (other than a Non-Serviced Mortgage Loan) becomes an AB Modified Loan, the Special Servicer shall calculate whether a Collateral Deficiency Amount exists with respect to such AB Modified Loan, taking into account the most recent Appraisal obtained by the Special Servicer with respect to such Mortgage Loan, and all other information in its possession relevant to a Collateral Deficiency Amount determination.

More Definitions of Deficiency Amount

Deficiency Amount means, at any time of determination, the sum of the Class A Deficiency Amount and the Class B Deficiency Amount.

Deficiency Amount. Not applicable.

Deficiency Amount. The meaning provided in the Note Insurance Policy.

Deficiency Amount. As defined in the Policy.

Deficiency Amount has the meaning specified in Section 5.12(c).

Deficiency Amount. With respect to any Distribution Date, the sum of (i) the Guaranteed Interest Distribution Amount and (ii) the Guaranteed Principal Distribution Amount.

Deficiency Amount means as of any Distribution Date, the amount by which (i) the sum of the amounts set forth in Section 4.03(i) though (iv) with respect to such Distribution Date exceeds (ii) the amount of Net Collections (plus amounts transferred from the Prefunding Account representing earnings from investments therein and amounts transferred from the Capitalized Interest Account, in each case to the Payment Account) available with respect to such Distribution Date and the amount on deposit in the Spread Account as of such Distribution Date.