Payment Deficiency definition

Payment Deficiency means, with respect to any Credit Party as of any Payment Date, the amount by which the aggregate amount of proceeds of the Notes received by such Credit Party, directly or indirectly, from the issuance and sale of the Notes as of such Payment Date exceeds the payments made by such Credit Party under the Note Agreement, the Notes, the Multiparty Guaranty or any other Transaction Documents as of such Payment Date.

Payment Deficiency shall have the meaning assigned thereto in Section 2.2 ------------------ of the Indenture.

Payment Deficiency has the meaning given to such term in Section 2.12(b) of the Indenture.

Examples of Payment Deficiency in a sentence

• For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain available in accordance with the terms of this Agreement.

• For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or Issuing Bank and such Commitments shall remain available in accordance with the terms of this Agreement.

• Without limitation of its rights hereunder, the Administrative Agent may cancel any Erroneous Payment Deficiency Assignment at any time by written notice to the applicable assigning Lender and upon such revocation all of the Loans assigned pursuant to such Erroneous Payment Deficiency Assignment shall be reassigned to such Lender without any requirement for payment or other consideration.

• For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitment of any Lender and such Commitment shall remain available in accordance with the terms of this Agreement.

• For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or Issuing Lender and such Commitments shall remain available in accordance with the terms of this Agreement.

More Definitions of Payment Deficiency

Payment Deficiency has the meaning set forth in Section 2.03(c) hereof.

Payment Deficiency. Assignment shall have the meaning assigned to it in Section 10.13(d). Erroneous Payment Impacted Class shall have the meaning assigned to it in Section 10.13(d). Erroneous Payment Return Deficiency shall have the meaning assigned to it in Section 10.13(d). Erroneous Payment Subrogation Rights shall have the meaning assigned to it in Section 10.13(d). ESG has the meaning specified in Article 3 [ESG Provisions]. ESG Amendment has the meaning specified in Article 3 [ESG Provisions]. ESG Pricing Provisions has the meaning specified in Article 3 [ESG Provisions]. EU Bail-In Legislation Schedule shall mean the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. Euro shall refer to the lawful currency of the Participating Member States. Eurocurrency Rate means, with respect to any Eurocurrency Rate Borrowing for any Interest Period: (a) denominated in Dollars or an Optional Currency consisting of Euros, the LIBOR Rate; and (b) denominated in Canadian Dollars, the CDOR Rate. Eurocurrency Rate Borrowing means, as to any Borrowing Tranche, the Eurocurrency Rate Loans comprising such Borrowing Tranche.

Payment Deficiency means, on any Promissory Note Payment Date, the difference obtained (if a positive number) by subtracting (x) all amounts received by the Trustee from or on behalf of the Company (other than by means of an Advance) in respect of principal and interest due and payable on the Promissory Note with respect to such Promissory Note Payment Date from (y) all scheduled payments of principal and interest due and payable on such Promissory Note Payment Date.

Payment Deficiency means such term as defined in Section 2.3.

Payment Deficiency has the meaning specified in Section 3.8 of this Agreement.

Payment Deficiency means with respect to any Bond Payment, the amount of such Bond Payment then due less the sum received by the Trustee on account of such Bond Payment.

Payment Deficiency has the meaning set forth in SECTION 2.03(c) of the Reimbursement Agreement.