Excess Deficit definition
Excess Deficit. As defined in Section 8.6.
Excess Deficit means a deficit that exceeds available surplus, reinsurance, recoupable and nonrecoupable assessments and other reasonably available assets of the Association. The Minimum Reserve , set forth in this Plan shall not be considered reasonably available assets of
Excess Deficit is defined in Section 2.5(e).
Examples of Excess Deficit in a sentence
Other than with respect to an Excess Deficit and Cash Difference as contemplated by the foregoing sentence: (A) none of the Seller, the Escrow Agent or any other Person shall have any Liability for any amounts due to the Buyer pursuant to this Section 2.5 in excess of the Adjustment Escrow Amount and (B) the Buyer expressly acknowledges and agrees that the Buyer’s sole source of recourse and recovery for such amounts due shall be the Adjustment Escrow Amount.