Credit Loss definition

Credit Loss means any loss resulting from the failure by a Merchant to pay amounts owed by it under a Merchant Agreement.

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Credit Loss means, as determined by the Determination Agent, the aggregate principal amount of the Notes of that Series then outstanding multiplied by (100% – Final Price of the Reference Entity), subject to a minimum of zero, provided that if, pursuant to the proviso to sub-paragraph (b) of the definition of “Final Valuation Date”, the Final Valuation Date is the last day of the OCA Liquidation Period, and no Final Price has been determined in respect of the Reference Entity on or before such Final Valuation Date, then the “Credit Loss” shall be the CDS Early Termination Amount.

Credit Loss means a Receivable that is written off the Seller’s books and records in accordance with the applicable Originator’s Credit and Collection Policy.

Examples of Credit Loss in a sentence

• Bank adopted and fully implemented the Financial Accounting Standard Board’s Current Expected Credit Loss (CECL) impairment standard effective as of January 1, 2020.

• Expected Credit Loss Model The council recognises expected credit losses on all of its financial assets held at amortised cost or FVOCI, either on a twelve month or lifetime basis.

• Purchaser shall use all commercially reasonable efforts from and after the Closing Date to assist Seller, at Seller's request, in processing amounts in respect of any charge-back or other Credit Loss received or identified in connection with the Transferred Assets used in the Merchant Acquiring Business and relating to or arising out of any original sales transaction occurring prior to the Closing Date.

• Seller shall use all commercially reasonable efforts from and after the Closing Date to assist Purchaser, at Purchaser's request, in processing amounts in respect of any charge-back or other Credit Loss received or identified in connection with the Transferred Assets used in the Merchant Acquiring Business and relating to or arising out of any original sales transaction occurring on or after the Closing Date.

• Current Expected Credit Loss Standard: Accounting Standards Codification 326, which sets forth ASU 2016-13, Financial Instruments-Credit Losses (Topic 326); Measurement of Credit Losses on Financial Instruments.

More Definitions of Credit Loss

Credit Loss means, with respect to any Settlement Period, the aggregate Securitization Value (determined as of the first day of such Settlement Period) of Warehouse SUBI Leases that became Defaulted Leases during such Settlement Period, net of all Net Liquidation Proceeds received during such Settlement Period with respect to Warehouse SUBI Leases that are Defaulted Leases.

Credit Loss means the Company's good faith estimate of the loss it incurs if the Company is forced to repurchase a loan or the Company is forced to indemnify a loan. The sum of the losses for such repurchased and indemnified loans at the end of the applicable time period will be equal to the credit losses for such period.

Credit Loss means, with respect to any Special Obligor with respect to which a Credit Event has occurred, the aggregate Outstanding Balance of all Pool Receivables owing by such Obligor or any of its Affiliates (i) which remain unpaid for 91 or more days from the original due date for such Receivable or (ii) as to which an Event of Bankruptcy has occurred and is continuing with respect to the Obligor(s) thereof (such Outstanding Balance determined without giving effect to any write-off or any other non-cash reduction to the outstanding balance of such Receivables and after giving effect to any Collections attributable to such Pool Receivables).

Credit Loss means a loss resulting from the failure by a Distributor to timely pay amounts owed by it under a Distributor Contract, other than amounts owed by reason of a Chargeback, and the fees, costs and expenses of collection related thereto. For the avoidance of doubt, a settlement advance for which cleared funds are not received from the applicable Card Association or other settlement system and which is not otherwise repaid by the relevant Distributor or recoverable as a Chargeback shall be considered a Credit Loss.

Credit Loss means, as determined by the Calculation Agent, the aggregate outstanding principal amount of the Notes multiplied by (100% - Final Price of the Reference Entity);

Credit Loss has the meaning set forth in the Business Transfer Agreement.

Credit Loss means the present value of the difference between the contractual cash flows that are due to a bank under the contract and the cash flows that the bank expects to receive.