Borrow Loss definition

Borrow Loss means that it becomes impracticable for Party A to borrow Shares equal to its desired Hedge Delta on any day, as determined by the Calculation Agent in a commercially reasonable manner.
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Examples of Borrow Loss in a sentence

  • Extraordinary Events: The consequences that would otherwise apply under Article 12 of the Equity Definitions (as modified herein) to any applicable Extraordinary Event (excluding any Failure to Deliver, Increased Cost of Hedging, Increased Cost of Stock Borrow, Loss of Stock Borrow or any Extraordinary Event that also constitutes a Bankruptcy Termination Event, but including, for the avoidance of doubt, any other applicable Additional Disruption Event) shall not apply.

  • AdditionalDisruption Events:[(A)] The following Additional Disruption Events apply to the Notes: (Specify each of the following which applies.)[Change of Law] [Hedging Disruption] [Insolvency Filing] [Failure to Deliver][Increased Cost of Hedging] [Increased Cost of Stock Borrow] [Loss of Stock Borrow] [(B)] [The Trade Date is [⚫].

  • AdditionalDisruption Events:[(A)] The following Additional Disruption Events apply to the Notes:(Specify each of the following which applies.) [Change of Law][Hedging Disruption] [Increased Cost of Hedging][Increased Cost of Stock Borrow] [Loss of Stock Borrow][(B)] [The Trade Date is [⚫].

  • Additional Disruption Events: [(i)] The following Additional DisruptionEvents apply to the Notes:( Specify each of the following which applies.)[Change of Law] [Hedging Disruption] [Insolvency Filing] [Failure to Deliver][Increased Cost of Hedging] [Increased Cost of Stock Borrow] [Loss of Stock Borrow] [(ii)] [The Trade Date is [ ].

  • If a Borrow Loss occurs, the Calculation Agent shall notify Party A and Party B and Cancellation and Payment shall immediately be applicable unless, by the later of the Valuation Time on the day on which the Borrow Loss occurs or three hours after such notification, (i) Party B permits Party A to use the Shares posted as Posted Collateral and the Independent Amount pursuant to Section 6(c) of the Credit Support Annex and (ii) such Shares are freely tradable and have been converted into book-entry form.

  • Additional Disruption Events: [(i)] The following Additional DisruptionEvents apply to the Notes:( Specify each of the following which applies.)[Change of Law] [Hedging Disruption][Increased Cost of Hedging][Increased Cost of Stock Borrow] [Loss of Stock Borrow] [(ii)] [The Trade Date is [ ].

  • Additional Disruption Events: [(i)] The following Additional DisruptionEvents apply to the Notes:( Specify each of the following which applies.)[Change of Law] [Hedging Disruption][Increased Cost of Hedging] [Increased Cost of Stock Borrow] [Loss of Stock Borrow] [(ii)] [The Trade Date is [ ].

  • To the extent that the Warrant Holder is a Consumer, Hedging Disruption, Increased Cost of Hedging, Increased Cost of Stock Borrow, Loss of Stock Borrow and/or ETF Modification will not be deemed to be an Additional Disruption Event.

  • Averaging: The following constitute Additional Disruption Event(s) in respect of Index Linked Securities: Foreign Ownership Event: Increased Cost of Stock Borrow: Loss of Stock Borrow: Index Adjustment Event: The time at which the official closing level of the Index is calculated and published by the Index Sponsor.

  • Additional Disruption Events: [(i)] The following Additional Disruption Eventsapply to the Notes: (Specify each of the following which applies.)[Change of Law] [Hedging Disruption][Increased Cost of Hedging] [Increased Cost of Stock Borrow] [Loss of Stock Borrow] [(ii)] [The Trade Date is [•].

Related to Borrow Loss

  • Operating Loss means a negative Operating Profit.

  • Economic loss means any of the following types of pecuniary harm:

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • 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:

  • 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.

  • 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.

  • relevant loss means any loss or liability which has been or may be incurred by a relevant officer in connection with that relevant officer's duties or powers in relation to the Company, any associated company or any pension fund or employees' share scheme of the Company or associated company; and

  • Net Loss Proceeds means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Event of Loss, including, without limitation, insurance proceeds, condemnation awards or damages awarded by any judgment, net of:

  • Loss Proceeds means, collectively, all Insurance Proceeds and all Condemnation Proceeds.

  • Packet Loss means the difference between the number of service frames transmitted at the ingress UNI and the total number of service frames received at the egress UNI. Packet Loss may also be referred to as Frame Loss.

  • Portfolio Loss means the loss realized on either (i) a portfolio sale of Single Family Shared-Loss Loans in accordance with the terms of Article IV or (ii) the sale of a loan with the consent of the Receiver as provided in Section 2.7.

  • Direct Loss means, in respect of either Party, any losses, liabilities, expenses, damages, costs and claims (including Claims) arising directly as a result of the other Party's failure to perform its obligations under this Agreement, and for the avoidance of doubt, includes, in respect of the Seller, any loss of payment which would have been due to it but for the Buyer's breach of this Agreement;

  • 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 amount of the principal reduction ordered by such court. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Supplier under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Fraud Loss Any Realized Loss or portion thereof sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including by reason of the denial of coverage under any related Primary Insurance Policy.

  • Loan Loss Reserves means funds held by the Seller to cover potential losses in connection with the mortgage loans owned in the Seller’s portfolio, including without limitation any amounts required to be maintained and held as a loan loss reserve in accordance with GAAP and any other regulatory requirement applicable to the Seller.

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • Extraordinary Loss Any Realized Loss or portion thereof caused by or resulting from:

  • Restructuring Loss means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Investing & Lending segment, or annual negative revenues in the Investing & Lending segment of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Net Investment Loss With respect to the Certificate Account, the Servicing Accounts or the REO Account or Companion Distribution Account for any period from any Distribution Date to the immediately succeeding P&I Advance Date, the amount by which the aggregate of all losses, if any, incurred during such period in connection with the investment of funds relating to the Trust Fund held in such account in accordance with Section 3.06, exceeds the aggregate of all interest and other income realized during such period on such funds.

  • Loss Severity Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the amount of Realized Losses incurred on a Mortgage Loan and the denominator of which is the principal balance of such Mortgage Loan immediately prior to the liquidation of such Mortgage Loan.

  • Simulated Loss means the excess of the Carrying Value of an oil or gas property over the amount realized from the sale or other disposition of such property.