Common use of Deficiency Amount Clause in Contracts

Deficiency Amount. As to any Determination Date and the related Distribution Date, an amount equal to the sum of (a) the amount by which the sum of the Noteholders' Interest Distributable Amount for each Class of Notes for such related Distribution Date exceeds the amount on deposit in the Note Distribution Account available to be distributed therefor on such Distribution Date (without taking into account any Insured Payments to be made relating to such Distribution Date) and (b) the Noteholders' Guaranteed Principal Distribution Amount for such Distribution Date.