Aggregate Excess definition

Aggregate Excess. “ means, in respect of any Policy that a Firm is required to maintain under the Regulations in accordance with the Minimum Terms and Conditions, the maximum aggregate sum of all potential excesses (howsoever expressed) whether or not insured by a Participating Insurer (or any other person) for which the Firm is liable under the Policy;
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Aggregate Excess means the sum of the Excess Allocations with respect to all Eligible Equity Investments and Sectors.
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Aggregate Excess means, in respect of any Policy that a Firm is required to maintain under the Rules, the maximum aggregate sum of all potential excesses (howsoever expressed) whether or not insured by a Qualifying Insurer (or any other person) for which the Firm is liable under the Policy; ARP Liability means the aggregate liability of all Qualifying Insurers to make payments, or to meet any demand for payment from the ARP Manager, in accordance with paragraph 6 (other than paragraph 6.4) of this Schedule 1 in respect of the ARP to the extent that it relates to the Indemnity Period commencing on 1 October 2012;
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Examples of Aggregate Excess in a sentence

  • A Retiring Member other than a Defaulter shall be liable in respect of Aggregate Excess Losses relating to any Default which arises prior to the relevant Retirement Effective Date.

  • This Rule applies to a Defaulter (the " First Defaulter") and, where the First Defaulter is a Sponsored Member, each Agent Member of the First Defaulter where the Contribution of or for the account of the First Defaulter has not been repaid to the First Defaulter or its Agent Members (as applicable) or applied by the Clearing House under Rule 19, and Aggregate Excess Losses arise upon the Defaults of other Clearing Members.

  • A Retiring Member or a Resigning Member shall continue to be liable under its Rule21 indemnity in respect of Aggregate Excess Losses relating to any Default which arises prior to the Retirement Effective Date or prior to the relevant Resignation Effective Date, respectively.

  • All Excesses apply within the Aggregate Excess, and continue to apply once the Aggregate Excess has been exhausted.

  • Direct the FUND to apply the MUNICIPALITY’s share to the FUND’s Aggregate Excess Loss Contingency Fund (A.E.L.C.F.), which provides member municipalities with an available individual contingency balance for use in satisfying any possible need for a supplemental assessment for any year they were a member and an annual capacity to use all or a portion of a member municipality’s available balance in offsetting future premiums, or4.

  • DEFINITIONS; RULES OF CONSTRUCTION 29EXHIBIT A: Form of Trust Agreement 39EXHIBIT B: Form of Monthly Servicing Report/Notice of Claim 40EXHIBIT C: Loss Calculation Example 43SCHEDULE 1 REQUIRED COLLATERAL PERCENTAGE 44 Aggregate Excess of Loss Credit Insurance Policy Various provisions in this Policy restrict coverage.

  • Adjustments performed in accordance with the rise and fall of Insured Item numbers or asset value (or any other premium adjustment endorsement that may attach to this Policy), will affect the Aggregate Excess as well as the deposit premium.

  • Direct the FUND to apply the BOARD’s share to the FUND’s Aggregate Excess Loss Contingency Fund, which provides both current member districts and former member districts with an available individual contingency balance for use in satisfying any possible need for a supplemental assessment for any year they were a member and an annual capacity to use all or a portion of a member district’s available balance in offsetting future premiums, or4.

  • Only the GST exclusive proportion of any claims settlement or other cost that has Our prior approval is used in calculating the amount applied towards the Aggregate Excess.

  • DEFINITIONS 20Exhibit A: Form of Monthly Servicing Report/Notice of Claim 29Exhibit B: Loss Calculation Example 32 Aggregate Excess of Loss Credit Insurance Policy Various provisions in this Policy restrict coverage.


More Definitions of Aggregate Excess

Aggregate Excess means, in respect of any Policy that a Firm is required to maintain under the Rules, the maximum aggregate sum of all potential excesses (howsoever expressed) whether or not insured by a Qualifying Insurer (or any other person) for which the Firm is liable under the Policy; ARP Liability means the aggregate liability of all Qualifying Insurers to make payments, or to meet any demand for payment from the ARP Manager, in accordance with paragraph 6 (other than paragraph 6.4) of this Schedule 1 in respect of the ARP to the extent that it relates to the Indemnity Period commencing on 1 October 2012; ARP Master Policy Payment means the amount payable by the Law Society under the terms of the ARP Master Policy which shall be applied by the ARP Manager in discharge of (in whole or in part) the ARP Liability in accordance with paragraph 1.2 of this Schedule; Calculated Premium Payable means the amount of premium calculated as payable by a Firm to a Qualifying Insurer in accordance with paragraph 1 of Appendix 2 to the Rules (as set out in Schedule 3 of this Agreement) in its entirety but:
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Aggregate Excess means, in respect of any Policy that a Firm is required to maintain under the Rules, the maximum aggregate sum of all potential excesses (howsoever expressed) whether or not insured by a Qualifying Insurer (or any other person) for which the Firm is liable under the Policy; ARP Liability means the aggregate liability of all Qualifying Insurers to make payments, or to meet any demand for payment from the ARP Manager, in accordance with paragraph 6 of this Schedule 1 in respect of the ARP to the extent that it relates to the Indemnity Period commencing on 1 October 2012; Calculated Premium Payable means the amount of premium calculated as payable by a Firm to a Qualifying Insurer in accordance with paragraph 1 of Appendix 2 to the Rules (as set out in Schedule 3 of this Agreement) in its entirety but:
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Aggregate Excess shall have the meaning set forth in Clause 2.3.(ii).(b)(e).
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Aggregate Excess means the amount, expressed in US$, by which the Adjusted Aggregate Revenue for Period 1 plus the Period 1 Catch Up Revenue exceeds the Period 1 Target Aggregate Revenues, provided that the Aggregate Excess shall never be less than 0 or greater than US$13,700,000;
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Related to Aggregate Excess

  • Aggregate Excess Funding Amount has the meaning specified in Section 2.2(c)(iv).

  • Aggregate Exposure with respect to any Lender at any time, an amount equal to (a) until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term Loans and (ii) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding.

  • Aggregate Expense Rate With respect to any Mortgage Loan, the sum of the Master Servicing Fee Rate, the applicable Servicing Fee Rate and the rate of any lender-paid Primary Mortgage Insurance Policy.

  • Aggregate Exposure Percentage with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Aggregate Exercise Price means, in connection with the exercise of this Warrant at any time, an amount equal to the product obtained by multiplying (i) the Exercise Price times (ii) the number of shares of Common Stock for which this Warrant is being exercised at such time.

  • Aggregate extension base means the taxing district's

  • Aggregate Cap has the meaning set forth in Section 20.1A.

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Notes as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Aggregate Certificate Balance when used with respect to Certificates, means, at any time of determination, the aggregate of the Certificate Balances of any two or more Principal Balance Certificates or of all the Certificates of any particular Class or Classes of Principal Balance Certificates, or, when used with respect to an EX XXXXX III Regular Interest, shall have the same meaning as “Certificate Balance”, or, when used with respect to a Class PST Component, shall mean the Class A-S-PST Percentage Interest of the Certificate Balance of the Class A-S REMIC III Regular Interest, the Class B-PST Percentage Interest of the Certificate Balance of the Class B REMIC III Regular Interest or the Class C-PST Percentage Interest of the Certificate Balance of the Class C REMIC III Regular Interest, as applicable.

  • Aggregate Value means, with respect to any block of Equity Stock, the sum of the products of (i) the number of shares of each class of Equity Stock within such block multiplied by (ii) the corresponding Market Price of one share of Equity Stock of such class.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Aggregate Stated Principal Balance As to any Distribution Date, the aggregate of the Stated Principal Balances for all Mortgage Loans (and when such term is used with respect to a particular Mortgage Pool, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Mortgage Pool) which were outstanding on the Due Date in the month preceding the month of such Distribution Date.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Default Excess means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans of such Defaulting Lender.

  • Allocable Excess Proceeds will mean the product of:

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $200,000,000.

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Aggregate Loan Group Balance As to any Loan Group and as of any date of determination, will be equal to the aggregate of the Stated Principal Balances of the Mortgage Loans in that Loan Group, except as otherwise provided, as of the last day of the related Collection Period.