Deficiency Amount definition

Deficiency Amount shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

Deficiency Amount means any amount that is less than the entire amount a Borrower is entitled to receive by way of contribution or subrogation from, but that has not been paid by, the other Borrowers in respect of any Recovery Amount attributable to the Borrower entitled to contribution, until the Deficiency Amount has been reduced to Zero Dollars ($0) through contributions and reimbursements made under the terms of this Section 2.10(e) or otherwise.

Deficiency Amount shall have the meaning specified in Section 4.05.

Examples of Deficiency Amount in a sentence

• Within fifteen (15) Business Days following the de- termination of the Deficiency Amount, if any, as of the end of each fiscal quarter of Seller which ends on or before the Liquidation End Date, the Designated Representative may, on behalf of Seller, request that Purchaser provide immediately available funds to Seller in an amount up to but not in excess of the Available Amount as of the end of such quarter.

• Within fifteen (15) Business Days following the determi- nation of the Deficiency Amount, if any, as of the Liquidation End Date (computed based on a balance sheet of Seller as of the Liquidation End Date prepared in accordance with GAAP), the Designated Representative may, on behalf of Seller, request that Purchaser provide immediately available funds to Seller in an amount up to but not in excess of the Available Amount as of the Liquidation End Date.

More Definitions of Deficiency Amount

Deficiency Amount. Not applicable.

Deficiency Amount. The meaning provided in the Note Insurance Policy.

Deficiency Amount. As defined in the Policy.

Deficiency Amount means, at any time of determination, the sum of the Class A Deficiency Amount and the Class B Deficiency Amount.

Deficiency Amount means, as of any date of determination, the amount, if any, by which (a) the total liabilities of Seller exceed (b) the total assets of Seller (such assets excluding the Commitment and any unfunded amounts thereof), in each case as reflected on the balance sheet of Seller as of the applicable date set forth in this Agreement, prepared in accordance with GAAP; provided, however, that:

Deficiency Amount means, at any time of determination, the sum of the Class A Deficiency Amount, the Class B Deficiency Amount and the Class C Deficiency Amount;

Deficiency Amount has the meaning specified in Section 5.12(c).