Common use of Ultimate Net Loss Clause in Contracts

Ultimate Net Loss. (a) This term means all losses of the Company under Covered Policies, prior to the application of the Company’s FHCF Retention, as defined under (28) above, and reimbursement percentage, and excluding loss adjustment expense, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss shall be determined in accordance with the deductible level written under the policy sustaining the loss.

Ultimate Net Loss. (a) This term means all losses of the Company under Covered Policies, prior to the application of the Company’s FHCF Retention, as defined under (28) above, Retention and reimbursement percentage, and excluding loss adjustment expense, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss shall be determined in accordance with the deductible level written under levels reported to the policy FHCF for the exposure sustaining the loss.

Ultimate Net Loss. (a) This term means all losses Losses of the Company under Covered PoliciesPolicies in force at the time of a Covered Event, as defined under (9) above, prior to the application of the Company’s FHCF Retention, as defined under (28) above, and reimbursement percentage, and excluding loss adjustment expenseexpense and any exclusions under Article VI herein, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss Ultimate Net Loss shall be determined in accordance with the deductible level written under the policy sustaining the loss.

Ultimate Net Loss. (a) This term means all direct incurred losses of the Company under Covered PoliciesPolicies in force at the time of a Covered Event, as defined under (9) above, prior to the application of the Company’s FHCF Retention, as defined under (28) above, and reimbursement percentage, and excluding loss adjustment expenseexpense and any exclusions under Article VI herein, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss shall be determined in accordance with the deductible level written under the policy sustaining the loss.

Ultimate Net Loss. (a) This term means all losses Losses of the Company under Covered Policies, Policies in force at the time of a Covered Event prior to the application of the Company’s FHCF Retention, as defined under (28) above, Retention and reimbursement percentage, and excluding loss adjustment expenseexpense and any exclusions under Article VI, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss Ultimate Net Loss shall be determined in accordance with the deductible level written under the policy sustaining the loss.

Ultimate Net Loss. (a) This term means all losses Losses of the Company under Covered Policies, Policies in force at the time of a Covered Event prior to the application of the Company’s 's FHCF Retention, as defined under (28) above, Retention and reimbursement percentage, and excluding loss adjustment expenseexpense and any exclusions under Article VI, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss 's Ultimate Net Loss shall be determined in accordance with the deductible level written under the policy sustaining the loss.

Ultimate Net Loss. (a) This term means all losses of the Company under Covered Policies, prior to the application of the Company’s FHCF Retention, as defined under actual loss (28) above, and reimbursement percentage, and excluding loss adjustment expense, ) arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss shall be determined in accordance with the deductible level written under levels reported to the policy FHCF for the exposure sustaining the loss.

Ultimate Net Loss. (a) This term means all losses Losses of the Company under Covered PoliciesPolicies in force at the time of a Covered Event, as defined under (9) above, prior to the application of the Company’s 's FHCF Retention, as defined under (28) above, and reimbursement percentage, and excluding loss adjustment expenseexpense and any exclusions under 6 FHCF-2015K Article VI herein, arising from each Loss Occurrence during the Contract Year, provided, however, that the Company’s loss 's Ultimate Net Loss shall be determined in accordance with the deductible level written under the policy sustaining the loss.