Deficiency Agreement

Deficiency Agreement

An agreement that calls on the sponsor or another party to provide the shortfall when cash flow, working capital, or revenues are below agreed levels or are insufficient to meet debt service.
References in periodicals archive ?
Under the second open season, new shippers may sign a throughput and deficiency agreement (T&D) for firm committed transportation rights on NuStar's South Texas Crude Oil Pipeline system at any of the four origin points, including the new Highway 99 origin point.
The project includes a long-term throughput and deficiency agreement, including the lease of approximately 1.
Bona fide potential shippers that would like to receive copies of the open season documents, including the throughput and deficiency agreement, are required to execute a confidentiality agreement (the "CA") in the form available at www.
In conjunction with the proposal, bidders can sign long-term throughput and deficiency agreement for pipeline capacity.
Alon and Sunoco Logistics will enter into a 10-year pipeline throughput and deficiency agreement which will allow Alon to maintain its physically integrated system by retaining crude oil transportation rights on the pipelines from the Gulf Coast for an initial term of 10 years.
8 million Union County Utilities Authority, solid waste bonds, county deficiency agreement, series 1998;
By submitting a binding proposal, bidders are offering to enter into a long-term throughput and deficiency agreement for pipeline capacity.
4 million Union County Utilities Authority 1998 County Deficiency Agreement guaranteed bonds;
By terms of a deficiency agreement, Prince George's County covenants to restore deficiencies in this fund, subject to annual appropriation.
The authority bonds benefit from the strength of the debt service deficiency agreement between the authority and the City of Tulsa, OK (the city) which is subject to annual appropriation.
In addition, Safeway has a first loss deficiency agreement with Future Beef's principal lender which provides that under certain circumstances and in the event of liquidation, Safeway will pay the lender up to $40 million if proceeds from the sale of collateral do not fully repay the amount owed by Future Beef to the lender.
These notes are secured by a standby deficiency agreement with the transportation trust fund authority, and bear the same rating as the authority's bonds.