Common use of Deficiency Amount Clause in Contracts

Deficiency Amount. As to any Distribution Date and Certificate Group, an amount equal to the sum of (a) the amount by which the Aggregate Interest Distribution for such Distribution Date and Certificate Group exceeds the amount on deposit in the related Distribution Account available to be distributed therefor on such Distribution Date and (b) the Class A Guaranteed Principal Distribution Amount for such Certificate Group for such Distribution Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mego Mortgage Corp), Pooling and Servicing Agreement (Mego Financial Corp)