Total Deficiency Amount definition

Total Deficiency Amount means the difference between the “Total Margin Amount Received” and “Broker-set Margin for Customer” when the former falls short of the latter.

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Total Deficiency Amount shall have the meaning specified in Section 4.6.

Total Deficiency Amount. With respect to any Payment Date, the sum of the Pool Deficiency Amounts of all Deficient Pools.

Examples of Total Deficiency Amount in a sentence

If Sellers do not timely elect to terminate, Sellers will not be permitted to terminate this Agreement but the Purchase Price will be adjusted equal to the Total Deficiency Amount, subject to Purchaser's right to terminate set out above.
If Purchaser does not timely elect to terminate, Purchaser will not be permitted to terminate this Agreement but will be entitled to a Purchase Price adjustment equal to the Total Deficiency Amount, subject to Sellers' right to terminate set out below.
If Purchaser discovers any Title Deficiency Amounts and/or Property Condition Deficiency Amounts as determined in Section 2.5 and Section 2.6 above (the total Title Deficiency Amounts plus the total Property Condition Amounts being herein the "Total Deficiency Amount", then Purchaser, at its election, may give written notice to Sellers not later than 5:00 p.m. (Central Time) on May 7, 2010 (the "Deficiency Notice").
On each Determination Date, the ------------------ Servicer shall calculate the Investor Default Amount for the preceding Monthly Period and the Total Deficiency Amount for the related Distribution Date.
On each Determination Date, the Servicer shall calculate the Investor Default Amount for the preceding Monthly Period and the Total Deficiency Amount for the related Distribution Date.
If on such date the Total Deficiency Amount exceeds zero (such deficiency, the "Shortfall"), the Class C Investor Amount will be reduced by the lesser of (i) the sum of (x) the Investor Default Amount and (y) the applicable Series Share of the amount of any unpaid Deposit Obligation in respect of the preceding Monthly Period and (ii) such Shortfall (together with any amount allocated to the Class C Investor Amount in accordance with the last sentence of Section 4.11, a "Class C Investor Charge Off").
On each Determination Date, the Servicer -------------------- shall calculate the Investor Default Amount for the preceding Monthly Period and the Total Deficiency Amount for the related Distribution Date.

More Definitions of Total Deficiency Amount

Total Deficiency Amount is defined in Section 4.5. ----------------------- -----------

Total Deficiency Amount. (as defined in Exhibit A) prior to application of any amounts allocable to Series 1998-1 in respect of Shared Finance Charge Collections (as defined in Exhibit A) pursuant to Section 4.6 of such Exhibit A.

Total Deficiency Amount means the amount determined using the table set forth in Schedule A to this Agreement.