Deficient Amount definition

Deficient Amount shall have the meaning ascribed to such term in Section 13(i) of Part A of Schedule VI.
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Deficient Amount has the meaning set forth in Section 5.1(x)(iv)(B).
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Deficient Amount has the meaning set forth in SECTION 5.1 (x)(iv)(2).
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Examples of Deficient Amount in a sentence

  • The Assignor must immediately pay the Deficient Amount to the Bank and if such payment is not made, interest will continue to be charged on the Deficient Amount in accordance with the Facility Agreement or Letter of Offer.

  • If there is no Deficient Amount, then no further action is required.

  • If the Deficient Amount is greater than five percent (5%) of the actual Base Rent and Percentage Rent (if any) due, then Tenant shall reimburse Landlord for the cost of the Audit and Tenant shall also pay Landlord interest on the Deficient Amount at the Default Rate accruing from the date the Deficient Amount was originally due to Landlord.

  • If the Audit discloses any deficiency in the payment of Base Rent or Percentage Rent by Tenant (“Deficient Amount”), then Tenant shall promptly pay Landlord the Deficient Amount upon demand.

  • If the Deficient Amount is greater than five percent (5%) of the actual Rent due, then the Concessionaire shall reimburse the BOR for the cost of the Rent Audit and the Concessionaire shall also pay the BOR interest on the Deficient Amount at the Default Rate accruing from the date the Deficient Amount was originally due to the BOR.

  • If, at the end of any three-year period, STI shall have determined that the Minimum Payment has not been paid, then STI shall notify BFI in writing of the deficient amount (the "Deficient Amount") and BFI shall have 30 days from the date of such notice in which to pay the Deficient Amount.

  • If the difference calculated by subtracting the Account Payables from the Accounts Receivables is less than One Hundred Fifty Thousand and no/100 Dollars, (Accounts Receivables less Account Payable < $150,000.00) (Deficient Amount”), the Deficient Amount shall be deducted from the amount paid to the Company under Section 1.3 b.

  • If the difference calculated by subtracting the Account Payables from the Accounts Receivables is less than One Hundred Fifty Thousand and no/100 Dollars, (Accounts Receivables less Account Payables < $150,000.00) (“Deficient Amount”), the Deficient Amount shall be deducted from the amount paid to the Shareholder in the Shareholder Note payable under Section 1.3 b.

  • To the extent the Net Amount as specified in a Statement which becomes final pursuant to Section 1.7(a) is less than $40,000,000 (such deficiency being referred to herein as the "Deficient Amount"), the aggregate principal amount of Assumed Debt to be assumed by the Surviving Corporation shall be correspondingly reduced by an amount equal to the Deficient Amount.

  • If the Rent Audit discloses any deficiency in the payment of Rent by the Concessionaire (“Deficient Amount”), then the Concessionaire shall promptly pay the BOR the Deficient Amount together with interest at the Default Rate upon demand.


More Definitions of Deficient Amount

Deficient Amount is defined in Section 2.4(b)(iii).
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Deficient Amount has the meaning set forth in Section 11.2(a)(i).
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Related to Deficient Amount

  • Payment Amount has the meaning specified in Section 6.1.

  • Closing Payment Amount has the meaning set forth in Section 2.06(d).

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 64.50% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).