Projected Deficit definition

Projected Deficit is defined in Section 4.08(f).
Projected Deficit means a deficit in the NOI such that the NOI is not sufficient to pay the Monthly Payment.
Projected Deficit means a deficit in the NOI such that the NOI is not sufficient to pay the Monthly Payment. In calculating a Projected Deficit for any requirements of this Section 4.08, the following terms will have the meanings set forth below:

Examples of Projected Deficit in a sentence

  • The imposition of furloughs shall be subject to receipt of a Projected Deficit Notice (PDN) from the Controller stating that the department's budget will be insufficient to support the department's level of spending through the end of the fiscal year.

  • To the extent practicable, furlough shall be equitably distributed among all of the employees in the affected department or operational unit to which the Projected Deficit Notice (PDN) has application; and, all of the employees in the affected class(es).

  • If the Total Projected Deficit de- termined under paragraph (c)(5)(iii)(C) of this section is greater than the Total Projected Surplus determined under paragraph (c)(5)(iii)(B) of this section, each State with a projected deficit will receive an additional allo- cation amount equal to the amount of the Total Projected Surplus multiplied by the amount of the projected deficit for such State as a percentage of the Total Projected Deficit.

  • Except as described in para- graph (c)(5)(iii)(E) of this section, the amount to be reallocated from each State with a projected surplus will be equal to A× B, where A equals the Total Projected Deficit and B equals the amount of the State’s projected surplus as a percentage of the Total Projected Surplus.

  • Projected Deficit The due date for risk pool applications for FY 2019-2020 from CBCs to the department was mid-September which was before the final FY 2018-2019 expenditure reconciliations were completed.

  • State the amount of funding requested from Risk Pool funds and the amount of the projected deficit at the end of Fiscal Year 2020-2021: Projected Deficit: $Click here to enter text.

  • The Projected Deficit for 2017 Is Smaller Than CBO’s August 2016 Estimate, but the Cumulative Deficit Is Largely UnchangedThe deficit that CBO now projects for 2017 is $35 billion less than the amount the agency estimated in August.

  • Except as described in para- graph (c)(5)(iii)(E) of this section, the amount to be reallocated from each State with a projected surplus will be equal to A × B, where A equals the Total Projected Deficit and B equals the amount of the State’s projected surplus as a percentage of the Total Projected Surplus.

  • Subject to the pledge and security interest, and other rights of Lender set forth in this Loan Agreement, the Section 8 Housing Assistance Payments Reserve will be maintained for the purpose of assuring Lender that adequate funds are available for the payment of any Projected Deficit during the Section 8 Housing Assistance Payments Reserve Period.

  • Projected Deficit The Risk Pool application requested $3.14 million which included $378,000 in projected CMO deficits.


More Definitions of Projected Deficit

Projected Deficit means a deficit in the Net Operating Income such that the Net Operating Income is not sufficient to pay the Monthly Payment.
Projected Deficit means a deficit in the Net Operating Income such that the Net Operating Income is not sufficient to pay the Monthly Payment. In calculating a Projected Deficit for any requirements of this Section 4.08, the following terms will have the meanings set forth below:

Related to Projected Deficit

  • 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 Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2006-1 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 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however 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 2006-1 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 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2006-1 Liquidity Amount on such date and (b) the Series 2006-1 Required Liquidity Amount on such date.

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

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

  • 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.

  • Deficit means an excess of liabilities and reserves of a fund over its assets.

  • 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.

  • Class C Deficiency Amount is defined in Section 4.1(c).

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

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in January 2025.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Working Capital Deficit means the amount, if any, by which the Closing Working Capital is less than the Target Working Capital.

  • Fiscal Period means any interim accounting period within a Taxable Year established by the Manager and which is permitted or required by Section 706 of the Code.

  • Deficit Amount has the meaning set forth in Section 6.02.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Deficit Controlled Accumulation Amount means (a) on the first Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Accumulation Amount for such Distribution Date over the amount deposited in the Principal Funding Account on such Distribution Date and (b) on each subsequent Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for such subsequent Distribution Date over the amount deposited in the Principal Funding Account on such subsequent Distribution Date.

  • Class C Final Scheduled Payment Date means the Payment Date occurring in January 2026.

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Principal Deficiency Amount For any Distribution Date and for any Undercollateralized Group, the excess, if any, of the aggregate Class Certificate Principal Balance of such Undercollateralized Group immediately prior to such Distribution Date over the sum of the Principal Balances of the Mortgage Loans in the related Loan Group immediately prior to such Distribution Date.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in August 2024.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Invested Amount means, as of any date of determination, an amount equal to the sum of (a) the Class A Invested Amount as of such date, (b) the Class B Invested Amount as of such date and (c) the Collateral Invested Amount as of such date.

  • 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.