Aggregate Loss Limit definition

Aggregate Loss Limit means the Total Initial Principal Balance multiplied by the Aggregate Loss Percentage, which dollar limit shall be specified on the Declarations Page of this Policy.
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Aggregate Loss Limit means the maximum amount payable by You net of GST and net of any Excess applicable shown in the Policy Schedule, arising out of all Claims Incurred during the Period of Insurance.
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Aggregate Loss Limit means the aggregate maximum amounts of claims admissible under the policy and shall be the amount specified as such in the Schedule subject to any enhancement thereof by an endorsement attached to the policy.
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Examples of Aggregate Loss Limit in a sentence

  • The Aggregate Loss Limit of ECGC for payment of claims under the Policy for losses suffered by the Insured in respect of any part of the Insured Loss remaining unpaid or unrealized owing to the occurrence of any of the Insured Risks during the Policy Period shall not under any circumstances exceed the amount specified in the Schedule as the Aggregate Loss Limit.

  • The Aggregate Loss Limit is the aggregate maximum amount of claims (even on a cumulative basis) arising from the Insured Loss on all shipments made to all the Insured Buyers during the Period of cover under the Policy including any modifications as may be agreed to from time to time between the Insured and ECGC.

  • The award of attorneys' fees and costs are reviewed under the abuse of discretion standard.This court reviews the trial court's grant or denial of attorneys' fees and costs under the abuse of discretion standard.

  • The various limits like Aggregate Loss Limit / Single Loss Limit wherever specified in this Cover Letter or under the Policy are in USD and any amounts payable (by you or by us) under the Policy shall also be in USD.

  • FTA’s simple to understand tree format enables a high level understanding of a system, without need for a detailed analysis allowing for timely detection of scenarios leading to hazards.

  • Aggregate Loss Limit (ALL): It is the aggregate maximum amount beyond which the liability of ECGC to indemnify you shall not exceed during a Policy Period.

  • CleanEnviro Summit Singapore is the global platform for government leaders, policy makers, regulators and industry captains to connect, examine and discover practical solutions to address environmental challenges for tomorrow’s cities.

  • We should also like to mention that a right like this may also be founded on the principle of money had and received which has been recognised under the English law and to whicheffect has been given under the Indian law also as would appear from the language of Article 62 of the Indian Limitation Act.

  • In addition, you will pay to us; such other charges, if any, as may be payable to us towards services like the processing of your application for an enhancement in the amount of Aggregate Loss Limit under the Policy, etc.

  • At the time o f loss, the First Named Insured may elect to apportion this Blanket Limit o f Insurance to one or any combination o f coverages shown in the Schedule of Coverages Included in the Blanket Limit of Insurance per Each Occurrence but under no circumstances will the aggregate apportionment be permitted to exceed the Aggregate Loss Limit at one covered location.


More Definitions of Aggregate Loss Limit

Aggregate Loss Limit means the Total Initial Principal Balance multiplied by the Aggregate Loss Percentage or such other amount set forth on the face of this Policy, as may be adjusted under Section 2.3, and represents the maximum aggregate amount of Aggregate Loss under this Policy. When the Aggregate Loss under this Policy is an amount equal to the Aggregate Loss Limit, the liability of the Company to pay any additional Losses ceases until the Aggregate Loss is reduced below the Aggregate Loss Limit.
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Aggregate Loss Limit means [*]% of the Purchase Price.
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Aggregate Loss Limit means the Aggregate Loss Percentage of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date.
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Related to Aggregate Loss Limit

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

  • 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.

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

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

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

  • 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 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 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.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such 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.

  • First Loss Tranche means the dollar amount of liability that the Assuming Bank will incur prior to the commencement of loss sharing, which is the sum of (i) the Assuming Bank’s asset premium (discount) bid, as reflected on the Assuming Bank’s bid form, plus (ii) the Assuming Bank’s Deposit premium bid, as reflected on the Assuming Bank’s bid form, plus (iii) the Equity Adjustment. The First Loss Tranche may be a positive or negative number.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • 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.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Maximum Swingline Amount means $5,000,000.

  • 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);

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.

  • Maximum Revolving Credit Amount means $85,000,000.00.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Maximum Available Commitment means, subject to the proviso contained in the third sentence of Section 2.02(a), at any time of determination, (a) the Maximum Commitment at such time less (b) the aggregate amount of each Interest Advance outstanding at such time; provided that following a Provider Advance or a Final Advance, the Maximum Available Commitment shall be zero.

  • Maximum Credit means, at any time, (a) the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any Availability Reserve in effect at such time.