Collateral Deficiency means, as of any date of determination, the Dollar amount of the excess, if any, of the aggregate outstanding principal amount of the Loans as of such date over the Borrowing Base calculated as of such date.
Collateral Deficiency means, at any time, the amount by which the Principal Debt exceeds the lesser of (a) the Collateral Value of all Eligible Mortgage Collateral and (b) if the Collateral Agent holds no Eligible Mortgage Collateral, zero.
Collateral Deficiency. “Eligible Lease”, “Eligible Railcar”, “Excluded Assets Amount”, “Liquidity Reserve Target Amount” or any term that is a component of any such definition; or
Examples of Collateral Deficiency in a sentence
Immediately upon the occurrence of an Event of Default, and without any requirement for notice or demand (including, without limitation, any notice or demand otherwise required under Section 8.1), the Borrower shall (a) make a payment to the Administrative Agent equal to the Collateral Deficiency and (b) deliver to the Collateral Agent additional Take-Out Commitments in an amount equal to unrepaid Advances that have been made against any Uncovered Mortgage Loans.
More Definitions of Collateral Deficiency
Collateral Deficiency means with respect to a Mortgage Loan, when the Final Certification provided by the Custodian identifies that a document has a deficiency or defect or is missing from the related Collateral File.
Collateral Deficiency means at any time that the fair market value of the Collateral held in the Securities Account, as determined by the Securities Intermediary or the Transfer Agent or another service provider, shall be less than the Required Collateral Amount.
Collateral Deficiency has the meaning specified in Section 3 below.
Collateral Deficiency means as of any Valuation Date, the positive excess, if any, of the Aggregate Invested Amount of the Notes as of such date of determination over the aggregate market value, as determined by the Administrative Agent in its sole reasonable discretion, of the Pledged Residual Interest Certificates issued pursuant to the Eligible Committed Securitizations as of such date of determination.
Collateral Deficiency shall have the meaning set forth in Section 3.5(a) --------------------- hereof.
Collateral Deficiency means, as of any date of determination thereof, the amount, if any, by which (a) the Aggregate Exposure on such date exceeds (b) the Available Amount on such date.
Collateral Deficiency means the Outstanding Amount of Term Loan Principal Debt is more than the sum of (i) 50% of Pledged Collateral Market Value plus (ii) Pledged Oil and Gas Property Value.”