Monthly Deficit definition

Monthly Deficit means the excess, if any, of the Monthly Payment over the NOI.
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Monthly Deficit means the excess, if any, of the Monthly Payment over the Net Operating Income.
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Examples of Monthly Deficit in a sentence

  • If the Debt Service Reserve is insufficient to cover the Monthly Deficit, Borrower must pay all additional amounts required in connection with any such Monthly Payments from Borrower’s own funds.

  • Subject to the pledge and security interest, and other rights of Lender set forth in this Loan Agreement, the Debt Service Reserve will be maintained for the purpose of assuring Lender that adequate funds are available for the payment of any Monthly Deficit during the Debt Service Reserve Period.

  • If there is a Monthly Deficit in any month, Lender will deduct funds from the Debt Service Reserve in such amounts as Lender determines are necessary to cover the Monthly Deficit.

  • If there is a Monthly Deficit in any month, Lender will deduct funds from the Lease-Up Debt Service Reserve in such amounts as Lender determines are necessary to cover the Monthly Deficit.

  • Subject to the pledge and security interest, and other rights of Lender set forth in this Loan Agreement, the Lease-Up Debt Service Reserve will be maintained for the purpose of assuring Lender that adequate funds are available for the payment of any Monthly Deficit during the Lease-Up Debt Service Reserve Period.

  • If the Lease-Up Debt Service Reserve is insufficient to cover the Monthly Deficit, Borrower must pay all additional amounts required in connection with any such Monthly Payments from Borrower’s own funds.

  • Subject to the pledge and security interest, and other rights of Funding Lender set forth in this Continuing Covenant Agreement, the Debt Service Reserve will be maintained for the purpose of assuring Funding Lender that adequate funds are available for the payment of any Monthly Deficit during the Debt Service Reserve Period.

  • If there is a Monthly Deficit in any month, Funding Lender will deduct funds from the Debt Service Reserve in such amounts as Funding Lender determines are necessary to cover the Monthly Deficit.

  • If there is a Monthly Deficit in any month during the Debt Service Reserve Period, Lender will deduct funds from the Debt Service Reserve Fund in such amounts as Lender determines are necessary to cover the Monthly Deficit.