Enhancement Deficiency definition

Enhancement Deficiency has the meaning specified, with respect to any Series of Notes, in the applicable Series Supplement.
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Enhancement Deficiency has the meaning specified, with respect to any Series of HVIF Notes, in the applicable HVIF Series Supplement.
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Enhancement Deficiency with respect to a Series of Notes has the meaning specified in the related Supplement.
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Examples of Enhancement Deficiency in a sentence

  • 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.

  • 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.

  • Electives for social science or humanities majors are two courses in the natural sciences and one from the social sciences.

  • After giving effect to the issuance of the Series 2006-1 Notes, no Series 2006-1 Enhancement Deficiency shall exist.

  • RCFC shall not, without the prior written consent of the Administrative Agent and each Managing Agent, reduce the principal amount of the Demand Note below the initial principal amount thereof (or such greater principal amount thereof resulting from an Increase in the Series 2010-3 Maximum Invested Amount) or in such a manner that results in a Series 2010-3 Enhancement Deficiency.

  • If, after giving effect to Section 4.2(d), Principal Collections allocated to the Series 2010-1 Notes are in excess of the amount required to pay amounts due in respect of the Series 2010-1 Notes on the next succeeding Payment Date in full, then any such excess Principal Collections shall be allocated to the Retained Distribution Account (provided that no Series 2010-1 Enhancement Deficiency or Asset Amount Deficiency exists or would result from such allocation).

  • On such Distribution Date, the Paying Agent shall withdraw such balance from the Collection Account and pay such balance to the Retained Distribution Account, to the extent that, after giving effect to such transfer, the Retained Interest Amount exceeds zero and provided that such payment will not cause an Asset Amount Deficiency, a Series 1996-1 Minimum Overcollateralization Deficit or a Series 1996-1 Enhancement Deficiency to exist.

  • The Scottish law in this area is out of line with recent international models.

  • After giving effect to the transactions occurring on the Second Restatement Effective Date, no Series 2006-1 Enhancement Deficiency shall exist.

Related to Enhancement Deficiency

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.

  • Spread Account Deficiency means the excess, if any, of the Required Spread Account Amount over the Available Spread Account Amount.

  • Subordination Deficiency With respect to any Distribution Date, the excess, if any, of (a) the Specified Subordinated Amount applicable to such Distribution Date over (b) the Subordinated Amount applicable to such Distribution Date.

  • Performing Note Deficiency means any time that less than 65% of the then aggregate outstanding principal amount of all Equipment Notes are Performing Equipment Notes.

  • Payment Default has the meaning set forth in Section 5.4(a) of the Indenture.

  • Advance Deficiency As defined in Section 4.01(b).

  • Incipient Default means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Master Servicer Event of Default wherever used herein, means any one of the following events:

  • Gas Supply Deficiency means any occurrence relating to Seller's gas supply which causes Seller to deliver less than the total requirements of its system, including failures of suppliers to deliver gas for any reason, requirement of gas for system storage, conservation of gas for future delivery, or any other occurrence which is not enumerated herein which affects Seller's gas supply.

  • Servicer Event of Default wherever used herein, means any one of the following events:

  • Erroneous Payment Deficiency Assignment has the meaning assigned to it in Section 10.10(d).

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Material Modification means any modification to an Interconnection Request that has a material adverse effect on the cost or timing of Interconnection Studies related to, or any Network Upgrades or Local Upgrades needed to accommodate, any Interconnection Request with a later Queue Position.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Company Event of Default bears the meaning ascribed thereto in Section 13.1; “Company Notice of Default” bears the meaning ascribed thereto in Section 13.2;

  • Material Document Defect As defined in Section 2.03(a) of this Agreement.

  • Net Proceeds Deficiency shall have the meaning set forth in Section 7.4 hereof.

  • Potential Event of Default means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • Operating Deficit means, for the applicable period, insufficient funds to pay operating costs when Cash Expenses exceed Cash Receipts, as determined by the Accountant and approved by the Special Limited Partner.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Deficiency means a defect, flaw, anomaly, failure, omission, interruption of service, or other problem of any nature whatsoever with respect to a Deliverable, including, without limitation, any failure of a Deliverable to conform to or meet an applicable specification. Deficiency also includes the lack of something essential or necessary for completeness or proper functioning of a Deliverable.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).