Examples of Aggregate Loss Amount in a sentence
Index Tranche Credit NotesNoteholders are exposed to losses arising from Credit Events in relation to Index Tranche Credit Linked Notes only to the extent that the Aggregate Loss Amount exceeds the Loss Threshold Amount.
Index Tranche Credit Linked NotesNoteholders are exposed to losses arising from Credit Events in relation to Index Tranche Credit Linked Notes only to the extent that the Aggregate Loss Amount exceeds the Loss Threshold Amount.
Aggregate Loss Amount means the lowest of: - The Tranche Notional Amount; and - The highest of (1) zero and (2) the difference between (x) the aggregate of the Loss Amount for all Reference Entities in respect of which a Credit Event Determination Date has occurred and (y) the Tranche Subordination Amount Applicable Credit Event(s) means the Credit Event(s) applicable to a specific Transaction Type or to a specific Reference Entity as specified in Part 2 of the Credit Linked Provisions Module.
The Calculation Agent will inform the parties as soon as reasonably practicable following the determination thereof of the amount of (i) any Loss Amount or Recovery Amount in respect of a Reference Entity, irrespective of whether or not the Aggregate Loss Amount or Aggregate Recovery Amount, as applicable, is less than or equal to the Loss Threshold Amount or Recovery Threshold Amount, respectively, and (ii) any Incurred Loss Amount or Incurred Recovery Amount in respect of a Reference Entity.
Aggregate Loss Amount has the meaning given to it in the relevant CDS Agreement.