Common use of Margin Deficit Clause in Contracts

Margin Deficit. The failure by Seller to cure a Margin Deficit when due; (r) Approved Underwriting Guidelines. The failure by Seller to comply with the covenant set forth in Section 12(v), where ▇▇▇▇▇ has determined in its sole discretion, exercised in good faith, that such failure has occurred on a regular basis in a manner that was materially false or misleading; or (s) an Event of Default (as such term is defined in the Bond Repurchase Agreement) has occurred and is continuing under the Bond Facility. SECTION 14.