Default Loss definition

Default Loss. Any Realized Loss that is attributable to the related Mortgagor's failure to make any payment of principal or interest as required under the Mortgage Note, excluding Special Hazard Losses (or any other loss resulting from damage to a Mortgaged Property), Bankruptcy Losses, Fraud Losses, or other losses of a type not covered by the subordination provided by the Class B Certificates pursuant to Section 4.04.

Default Loss means any Loss incurred by LME Clear as a result of a failure by a Member to fulfil its obligations to LME Clear; "Defaulting Member" has the meaning set out in Rule 10.3.4; "Default Management Committee" has the meaning set out in Default Procedure C5.1; "Default Notice" means a notice issued to a Member by LME Clear (pursuant to Rule 10.3.3) declaring that Member to be a Defaulting Member; "Default Period" has the meaning set out in Rule 10.10.6; "Default Procedures" means the Procedures appended to the Rules, under the title "Default Procedures"; "Default Requirements" means the default requirements for the time being applicable under EMIR, Part VII of the Companies Act 1989 and the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001; "Default-Specific Cap" has the meaning set out in Rule 10.10.4(a); "Default-Specific Replenishment Notice" has the meaning set out in Rule 10.10.1(e); "Defence" has the meaning set out in Membership Procedure A 2.1; "Delivery Adjustment Settlement" means a payment due to or from a Member in respect of a delivered Underlying Asset, which shall take effect as a post- delivery adjustment to the Settlement Payment; and such Delivery Adjustment Settlement shall, for the avoidance of doubt, represent a Payment Obligation for the party that is due to make such payment; "Delivery Obligation" means the obligation under a Contract for the Seller to deliver Underlying Assets to the Buyer; "Delivery Position" means a Position in respect of a Contract under which the Seller has a Delivery Obligation; “Designated Client Account” means a Client Account operated by a Member on behalf of a Posting Client to which the Client Direct Posting Structure is applicable; "Designated Member Transferee" means a Member that has, pursuant to any Automatic Porting Designation Document, agreed to be treated as a Designated Member Transferee in respect of a Client Account for thepurpose of the application of the Automatic Porting Process;

Default Loss means any loss to Cboe Clear Digital or Exchange associated with the Default of a Clearing Member resulting in any deficit balance in the Clearing Member account; resulting from costs associated with the Clearing Member’s liquidation, transfer, offset, settlement, delivery; Clearing Member’s collateral losses due to the failure or insolvency of a Clearing Member’s depository or settlement bank; and any other costs related to managing the Default of a Clearing Member.

Examples of Default Loss in a sentence

• Inputs The ECL calculation is performed at the level of individual financial assets and the main components comprise Probability of Default, Loss Given Default, Exposure at Default and Discount Factor.

• The ECL calculation is performed at the level of individual financial assets and the main components comprise Probability of Default, Loss Given Default, Exposure at Default and Discount Factor.

• In the Advanced IRB approach, banks must supply their own estimates for all three credit parameters – Probability of Default, Loss Given Default and Exposure at Default.

• Except to the extent prohibited by any agreement to which the Partnership is a party or is otherwise bound, Net Cash Flow on each Distribution Date shall be distributed on such Distribution Date to the Owners in the same manner as Profit is allocated under this Article VII, less Default Loss.