Reserve Deficiency has the meaning set forth in Section 2.8(b).

Reserve Deficiency has the meaning given to such term in Section 4(iii).

Reserve Deficiency means the amount, if any, by which $4,736,000 exceeds the amounts collected by the Corporation on or before July 31, 2000 for services performed on or before July 31, 1999. No later than October 31, 2000, the Chief Financial Officer of the Corporation shall certify as to the Reserve Deficiency to each record holder of shares of this Series. At the request of any record holder of the shares of this Series, the Corporation shall cause the Reserve Deficiency to be verified by an audit performed by an internationally-recognized independent public accounting firm.

Examples of Reserve Deficiency in a sentence

Any such transfer is either made to a Grant Account or Earnings Account depending on the source of the funds transferred to the Reserve Deficiency Account.
Amounts held in the Support Account, Reserve Deficiency Account, Equity Grant Account, Reserve Grant Account Reserve Earnings Account and Equity Earnings Account secure, and are a source of payment, for Guarantee Revenue Bonds as permitted by 40 CFR 35.3120(d) & (f).
Amounts held in the Reserve Deficiency Account, Equity Grant Account, Reserve Grant Account Reserve Earnings Account and Equity Earnings Account secure, and are a source of payment, for Guarantee Revenue Bonds as permitted by 40 CFR 35.3525(e).
Available Balance: Approximately annually, this account is fully depleted to make payments on Program Bonds, with any excess available balances to be transferred to the Reserve Deficiency Account.
Uses of Funds: These funds are first used to make payments on the outstanding Guarantee Revenue Bonds and outstanding State Match Revenue Bonds as permitted by 40 CFR 3120(d) & (f) and 40 CFR 35.3135(b)(2), respectively, and secondly transferred to the Reserve Deficiency Account, as described below.

More Definitions of Reserve Deficiency

Reserve Deficiency means, as of any date of determination, the amount by which (a) the Reserved Commitment in effect on such date exceeds (b) the result of (x) Total Revolving Loan Commitments in effect on such date minus (y) the sum of (i) aggregate principal amount of the Revolving Loans outstanding on such date plus (ii) the LC Obligations outstanding on such date plus (iii) the Total Reserved Letter of Credit Amount in effect on such date plus (iv) the Swing Line Exposure on such date plus (v) the Permitted Non-Affiliate Loan Reserve on such date.

Reserve Deficiency means the excess, if any, of (i) the Required Reserve for the Health Care Notes over (ii) the amount on deposit in the Reserve Subaccount for the Health Care Notes.

Reserve Deficiency means the amount by which the cost of the Emergency Capital Expense shall exceed the Cooperative Corporation’s Funds on Hand plus

Reserve Deficiency means the amount necessary, if any, to replenish the Reserve Account to the Reserve Requirement, calculated by subtracting: (1) the Reserve Assets, together with all other amounts available to the Bond Trustee under the Indenture for deposit into the Reserve Account as of the date of calculation, from (2) the Reserve Requirement.

Reserve Deficiency shall have the meaning set forth in Section 5.07 hereof.

Reserve Deficiency for any month shall mean the Required Reserve Amount less the Value of the Reserve Fund;

Reserve Deficiency. 2.10(e)(iii) “Reserve Excess” 2.10(e)(ii)