Margin Deficit Amount definition

Margin Deficit Amount means the sum of (a) the amount, in EUR, required to alleviate the Margin Deficit Event and (b) the amount that is equal to 20 per cent. of the Outstanding Principal Amount on the date that the Margin Deficit Event occurs.
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Margin Deficit Amount has the meaning specified in Section 4(a).
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Margin Deficit Amount means, when referring to CMBS Transactions under the Agreement, the amount, if any, by which the aggregate of the Repurchase Prices for all Purchased Securities exceeds the aggregate of the products of (a) the applicable Buyer's Margin Ratio and (b) the Market Value of each Purchased Security.
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Examples of Margin Deficit Amount in a sentence

  • Notwithstanding the foregoing, upon receipt of a Margin Deficit Notice with respect to a Purchased Loan, the applicable Seller may elect, rather than pay to Buyer the Margin Deficit Amount, to repurchase such Purchased Loan on or before the date for payment of such Margin Deficit Amount set forth in such Margin Deficit Notice, by payment of such Purchased Loan’s Repurchase Price in accordance with Section 3(d).

  • Buyer or Seller may dispute the existence or amount of a Margin Deficit Amount or Margin Excess Amount by providing a notice of dispute to the other party within one (1) Business Day of receipt of the notice provided pursuant to subparagraph (a) or (b) of this Paragraph 4.

  • If Borrower deposited with Lender cash in an amount equal to the Margin Deficit Amount pursuant to this Section 2.07(a)(i) above and Borrower subsequently satisfies such Margin Call (without taking into account any amounts held by Lender in the Collection Account), then Lender shall release such cash collateral to Borrower on the next Payment Date.

  • Any Margin Deficit Amount delivered to Buyer pursuant to this Section 4(a) shall be applied to reduce the Purchase Price of the applicable Purchased Assets.

  • No Margin Deficit Event shall exist unless Lender has agreed to Borrower’s request to pay the Margin Deficit Amount pursuant to Section 3.03(c)(v).

  • Notwithstanding anything to the contrary herein, Seller and Buyer agree in accordance with Paragraph 4(f) of the Repurchase Agreement that the calculation of the Buyer’s Margin Ratio, the Margin Deficit Amount and the Margin Excess Amount and the obligation of Seller to eliminate the Margin Deficit Amount shall be determined separately with respect to each Transaction pursuant to this Agreement and the applicable Confirmation.

  • In each case, whether or not demand has been made therefor, Buyer may, in its sole discretion, treat the Control Costs as a Margin Deficit Amount.

  • With respect to any notice delivered pursuant to Paragraph 4 of the Agreement (as amended) requiring transfer of cash, Additional Purchased Securities or Purchased Securities, Seller may request that Buyer provide a statement in reasonable detail setting forth (i) the Market Value of the Purchased Securities relating to the applicable Transaction and (ii) the sources of the prices utilized in its calculation of the Margin Deficit Amount or Margin Excess Amount (as applicable).


More Definitions of Margin Deficit Amount

Margin Deficit Amount shall have the meaning specified in Section 4(a) of this Agreement.
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Margin Deficit Amount means (a) with respect to a Margin Deficit Event pursuant to clause (a) of such definition, an amount that, if added to the interest due and payable by the Underlying Borrowers with respect to all Underlying Loans, less any set up fees and ongoing expenses and fees payable by Borrower with respect to such Underlying Loans and any Borrower organizational expenses, would cause such aggregate amount of interest due by the Underlying Borrowers with respect to all Underlying Loans to be equal to twice the amount of Interest payable with respect to the Loan by Borrower pursuant to this Loan Agreement, and (b) with respect to a Margin Deficit Event pursuant to clause (b) of such definition, an amount that, if subtracted from the Allocated Loan Amount, would be sufficient to cause the Advance Rate (UPB) of such Underlying Loan (after deduction of such amount from the Allocated Loan Amount and after application of such Write Down) to be equal to the Advance Rate (UPB) set forth in the Terms Schedule.
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Margin Deficit Amount means, when referring to a particular Transaction under the Agreement, the amount, if any, by which (a) the aggregate of (i) the Repurchase Prices for all Purchased Securities governed by the relevant Confirmation and (ii) the Replacement Cost Amounts (defined below) for all such Purchased Securities, exceeds (b) the aggregate of the products of (i) the applicable Buyer’s Margin Ratio and (ii) the Market Value of each such Purchased Security. For purposes
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Margin Deficit Amount means, when referring to a particular Transaction under the Agreement, the amount, if any, by which (a) the aggregate of (i) the Repurchase Prices for all Purchased Securities governed by the relevant Confirmation and (ii) the Replacement Cost Amounts (defined below) for all such Purchased Securities, exceeds (b) the aggregate of the products of (i) the applicable Buyer’s Margin Ratio and (ii) the Market Value of each such Purchased Security. For purposes of this Annex I, “Replacement Cost Amount” for a Purchased Security shall be an amount equal to the amount (if any) Seller would owe under Paragraphs 11(g)(ii) and (iii) of the Repurchase Agreement, as determined by Buyer in its sole discretion acting in good faith, if an Event of Default with Seller as the defaulting party were to occur pursuant to Paragraph 11 of the Repurchase Agreement on such date on which the Replacement Cost Amount for such Purchased Security is being calculated.
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Related to Margin Deficit Amount

  • Margin Deficit shall have the meaning assigned thereto in Section 6(a) hereof.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2014-2 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2014-2 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however that the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2014-2 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2014-2 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2014-2 Liquidity Amount on such date and (b) the Series 2014-2 Required Liquidity Amount on such date.

  • Deficit Amount has the meaning set forth in Section 2.06(e).

  • 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.

  • FX Reduction Amount is defined in Section 2.1.3.