Aggregate Loss definition

Aggregate Loss means, at any given time, the total of all Insurance Benefits paid by the Company under this Policy, including: (a) any partial Insurance Benefit advanced by the Company pursuant to Section 7.1 (Loss Mitigation); (b) any other partial Insurance Benefit paid by the Company; and (c) any Insurance Benefit charged to the Deductible Amount of this Policy, reduced by any net recoveries received by the Company with respect to any Covered Loan or the related Property or Borrower, including but not limited to recoveries pursuant to Section 7.2(f) (Borrower Contributions) and Section 9.1 (Subrogation). If the Company acquires the Property pursuant to Section 8.5(b) (Disapproved REO Sales), the amount of the Insurance Benefit that will be included in the Aggregate Loss for the related Covered Loan shall equal: (x) the Claim Amount calculated pursuant to Section 8.4(b) (Property Acquisition Calculation); multiplied by (y) the applicable Loan Coverage Percentage; multiplied by (z) the Property Acquisition Aggregate Loss Limit Adjustment Percentage. Under no circumstances will any interest or Penalty Interest paid on the Insurance Benefit pursuant to Section 8.9 (Failure to Timely Pay Insurance Benefit) be included in the Aggregate Loss.
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Aggregate Loss means, with respect to any Monthly Period, the -------------- amount equal to the Principal Balance of each Receivable that became a Defaulted Receivable during such Monthly Period immediately prior to such Receivable becoming a Defaulted Receivable.
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Aggregate Loss means, at any given time, the total of (a) all Losses, including advance payments of Loss and partial payments of Loss with respect to a Default paid by the Company and (b) the Deductible Loss charged to the Deductible Amount under this Policy, reduced by (1) the net proceeds received by the Company upon disposal of all Loans (if the Loan is acquired by the Company in settlement of a Claim) and Properties, and also reduced by (2) any other net recoveries made in its sole discretion by the Company, including recoveries made by exercise of subrogation rights, with respect to any Loan or the related Property or Borrower. For purposes hereof, the term “net proceeds” shall consist of the sale price received by the Company, reduced by any expenses, payments or costs incurred by the Company in the ownership, maintenance and disposition of a Loan or a Property, including all expenses of the type which would have been includable in a Claim for Loss, interest paid by the Company on borrowings for the acquisition and ownership of the Loan or the Property (not to exceed the interest payable at the interest rate due on the Loan which would have been includable in the Claim), brokerage commissions, title insurance expenses, recording fees, and other costs and expenses of closing the sale of the Loan or the Property; and expenses regarding the physical condition of the Property in order to make it ready for sale.
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Examples of Aggregate Loss in a sentence

  • Aggregate loss estimates—both scenarios occurring as described (terrestrial comparison).

  • A new bankruptcy law went into effect on June 1, 2007 (NPC 2006b).

  • Aggregate loss impacts and determine a rating scale to indicate impact severity.

  • Aggregate loss limits for years prior to 2001 are immaterial and are not reflected.

  • Aggregate loss ratios, however, mask important commodity and regional differences in the actuarial performance of the Federal Crop Insurance Program.

  • Aggregate loss model‌The aggregate loss model is commonly used in insurance because we can model the amount of claims an insurance company has to cover with a random variable.

  • Aggregate loss and treasury data globally and agree beforehand one version of the truth with your brokers and insurers.

  • Aggregate loss of or damage to multiple shippers' cargo carried on any one motor vehicle.

  • The plan must disclose:• A listing of initial members.• Initial annual rate(s) to be charged members and an explanation of how the rate(s) were developed.• Anticipated first year premium and losses.• Aggregate loss history of initial members for each of the last three years.• The aggregate premium that would have been received at the proposed rate for each of the last three years assuming the losses of initial members for each of the last three years.• Net retention of pool and list of initial insurers.

  • The transition from P~tmostly— =clearly four-dimensional but strongly dissipative since DKY is such as d 1 < DKY d, where d 4 is the model dimension.


More Definitions of Aggregate Loss

Aggregate Loss as used herein shall mean the Reinsured's actual gross losses, as accounted for by the Reinsured during the Term, on business included in their International Property Whole Account, including outstanding loss reserves settlement expenses and acquisition costs. The Reinsured may also include any reinstatement premiums and/or loss related additional premiums, payable under the Reinsured's original contracts of reinsurance in its Aggregate Loss claims hereunder, together with a sum equivalent to any amount under such original contracts of reinsurance which, but for the loss under consideration, would have been returned to the original reinsured by way of a no claims bonus, profit commission, or similar contractual provision. The Retrocedent may also include in its Aggregate Loss claims hereunder losses arising from Catastrophe linked Securities including but not limited to so-called "Acts of God" Bonds.
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Aggregate Loss means, with respect to any period, the aggregate amount of all GMAC Losses during such period.
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Aggregate Loss. (in relation to a Vehicle or otherwise) shall mean:
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Related to Aggregate Loss

  • Aggregate Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the aggregate principal balance of such Mortgage Loans immediately prior to the liquidation of such Mortgage Loans.

  • 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.

  • 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 Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Funding Loss means the amount (which shall be payable on demand by Lender) necessary to promptly compensate Lender for, and hold it harmless from, any loss, cost or expense incurred by Lender as a result of:

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

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Aggregate Amounts Due as defined in Section 2.17.

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • 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 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.

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Loss Percentage means on any day the greater of (i) one and one-half (1.5) times the Loss Horizon as of such day and (ii) 20%.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Direct Loss means charges actually paid pursuant to this Agreement in respect of the period of the Delay. For the purposes of clause 13.4, the User's losses arising out of a Delay will be taken to include the amount of the relevant Direct Losses.

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the greater of (i) the amount of the principal reduction ordered by such court and (ii) the difference between the Principal Balance of such Receivable at the time of such court order and the net present value (using a discount rate which is the higher of the Contract Rate of such Receivable or the rate of interest specified by such court order) of the remaining scheduled payments to be paid on such Receivable as modified or restructured. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Aggregate Commitment Amount means, as of any date, the aggregate of all Commitment Amounts as of such date. On the Effective Date, the Aggregate Commitment Amount is $125,000,000.

  • Funding Losses has the meaning set forth in Section 2.13(b)(ii).

  • Operating Loss means a negative Operating Profit.