Aggregate Losses definition

Aggregate Losses. With respect to any calendar month, the sum of (i) the aggregate of the Receivable Balances of all Receivables newly designated during such calendar month as Liquidating Receivables, plus (ii) the aggregate principal portion of Scheduled Payments due but not received with respect to all such Receivables prior to the date any such Receivable was designated a Liquidating Receivable minus (iii) Liquidation Proceeds collected during such calendar month with respect to all Liquidating Receivables.

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Aggregate Losses means those losses which include, but are not limited to, compensatory, punitive, bad faith and other damages arising from, and all loss adjustment expenses relating to, the adjustment or defense of any and all claims with respect to losses on policies of insurance of Citizens or Issuer.

Aggregate Losses. For any given period, the aggregate amount of delinquencies, losses and other deficiencies in the amount due to the Class A Certificateholders paid or borne by the Class B Certificateholders ("payment deficiencies") during such period, whether by way of withdrawal from the Reserve Fund, reduction in amounts otherwise distributable to the Class B Certificateholders on any Distribution Date or otherwise, less the aggregate amount of previous payment deficiencies recovered by the Trust Fund during such period in respect of the Contracts giving rise to previous payment deficiencies, including without limitation such recoveries resulting from the receipt of delinquent principal and/or interest payments, Liquidation Proceeds and insurance proceeds (net, in each case, of the Retained Yield, unpaid Servicing Fees, foreclosure costs and other servicing costs, expenses and advances relating to such Contracts).

Examples of Aggregate Losses in a sentence

• Without limiting the generality of the foregoing, notwithstanding the termination of this Contract for any reason or for no reason, the provisions of this Contract shall continue to apply indefinitely to all obligations and liabilities of the Subscribing Reinsurer for Aggregate Losses (as defined in the Policy), including Losses (as defined in the Policy) on Covered Loans (as defined in the Policy) that Default (as defined in the Policy) on or prior to the date of termination of this Contract.

• CITIZENS shall remain liable for all Aggregate Losses for the Removed Policies occurring prior to the Assumption Date, and all Aggregate Losses for the Rejected Policies and the Returned Policies, and the Insurer shall have no responsibility with respect to such losses.

• The Insured shall be solely responsible for any losses exceeding the Aggregate Loss Limit, unless and until the Aggregate Losses are reduced below the Aggregate Loss Limit.

• The Insured shall be solely responsible for the Aggregate Losses up to and including the Deductible Amount.

• Notwithstanding any other provision of this Policy to the contrary, the Company shall have no liability to pay any Insurance Benefit once the Aggregate Losses paid by the Company equal the Aggregate Loss Limit.

More Definitions of Aggregate Losses

Aggregate Losses means the total amount of money you have actually Paid during the Benefit Period as indicated in the Schedule of Insurance, or on behalf of, all covered persons under your Employee Benefit Plan. Aggregate Losses, however, cannot include any payments you made to, or on behalf of, a covered person:

Aggregate Losses has the meaning specified in the Servicing Agreement.

Aggregate Losses shall have the meaning set forth in Section 7.3.

Aggregate Losses has the meaning set forth in Section 11.4(a).

Aggregate Losses means the sum total of losses resulting from riots or civil disorders occurring in (or allocable to) a State during the period of the contract.

Aggregate Losses means the sum of (i) the dollar amount of all losses, costs, expenses, damages, settlements, and liabilities (including, without limitation, insurance deductibles, legal fees and other out-of-pocket expenses associated therewith) paid or incurred by the Company, net of any insurance proceeds received by the Company, (ii) the dollar amount of all write-downs taken or loan loss or litigation reserves established by the Company in accordance with GAAP, and (iii) any reduction in fair value resulting from any purchase credit impairment required by GAAP purchase accounting, in each case arising out of, relating to, or based upon, the Loans set forth on Schedule 2.1(d) of the Company Disclosure Schedule, from the date of this Agreement through and including the Determination Date.

Aggregate Losses means, with respect to any calendar year or partial calendar year, an amount equal to (x) the sum of the Losses for such calendar year or partial calendar year, less (y) any recoveries (including, but not limited to, sales proceeds and insurance credits) received during such calendar year or partial calendar year in respect of Accounts in default in, and included in the calculation of Aggregate Losses with respect to, any prior calendar year or partial calendar year.