Estimated Deficiency definition

Estimated Deficiency has the meaning set forth in Section 2.3(a).
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Estimated Deficiency means the amount, if any, by which the Estimated Closing Net Worth is less than $12,505,000.
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Estimated Deficiency is defined in Section 2.4(b).
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Examples of Estimated Deficiency in a sentence

  • In the event that the Actual Deficiency Balance is greater than the Estimated Deficiency Balance, the promissory note shall be amended upward by the excess of the Actual Deficiency Balance over the Estimated Deficiency Balance.

  • For purposes of this Article 2, any Estimated Deficiency or Actual Deficiency (as defined below) shall be expressed as a positive number.

  • If the Estimated Deficiency exceeds the Cash Consideration, then VerticalNet shall pay Converge an amount equal to such excess in immediately available funds on the Closing Date (the "DEFICIENCY PAYMENT").

  • The amount equal to (A) the Gross Closing Consideration, less (B) the aggregate amount of Company Transaction Expenses paid pursuant to subsection (c)(i) above, less (C) the Estimated Deficiency Amount, if any, less (D) the Verizon Warrant Cancellation Payment, shall be referred to herein as the “Closing Equityholder Consideration”.

  • As used herein, the "Section 2.5(b)(i) Adjustment" means (A) if there was no Estimated Deficiency, the sum of the Actual Deficiency and any Estimated Surplus or (B) if there was an Estimated Deficiency and the Actual Deficiency exceeds such Estimated Deficiency, the amount of such excess.

  • If the Estimated Net Working Capital is less than Zero Dollars ($0), the Purchase Price shall be decreased on a dollar for dollar basis by the amount of such deficiency (the "Estimated Deficiency").

  • In the event that the Actual Deficiency Balance is less than the Estimated Deficiency Balance, the promissory note shall be amended downward by the excess of the Estimated Deficiency Balance over the Actual Deficiency Balance.

  • The Estimated Deficiency Amount shall reduce the amount of Closing Equityholder Consideration in accordance with Section 2.01(c)(v) below.

  • As used herein, the "Section 2.5(b)(iii) Adjustment" means (A) if there was no Estimated Surplus, the sum of the Actual Surplus and any Estimated Deficiency or (B) if there was an Estimated Surplus and the Actual Surplus exceeds such Estimated Surplus, the amount of such excess.


More Definitions of Estimated Deficiency

Estimated Deficiency shall have the meaning set forth in Section 1.5(a).
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Estimated Deficiency means the amount, if any, by which the Estimated Working Capital Amount is less than Six Million Eight Hundred Twenty-One Thousand Dollars ($6,821,000).
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Related to Estimated Deficiency

  • Mental deficiency means mental deficiency as defined by appropriate clinical authorities to such extent that a person so afflicted is incapable of managing himself and his affairs, but shall not include mental illness as defined herein.

  • 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.

  • 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.

  • 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.

  • Class B Deficiency Amount is defined in Section 4.1(b).