Eligible Losses definition
Examples of Eligible Losses in a sentence
If the Eligible Losses exceed the Syndicate Profit for the Relevant Year, the Syndicate Adjusted Profit for the Relevant Year shall be treated as nil and so much of the excess as was not incurred at the earliest Prior Year End shall be carried forward as Eligible Losses available, subject to the provisions of this Schedule, to be taken into account in calculating the Syndicate Adjusted Profit at the following Closing Date.
Priority among Eligible Losses Where the calculation of the Syndicated Adjusted Profit involves subtracting from the Syndicate Profit Eligible Losses incurred at more than one year end, the Eligible Losses incurred at the earliest relevant year end shall be deemed to be subtracted first.
This section provides the policies and procedures regarding application requirements, initial eligibility criteria, claim analysis and processing, Board hearings and reconsiderations.• Section C – Eligible Losses and Compensation.
When the Lender's last Program Loan has either been repaid or the Lender has recovered its Eligible Losses, then Lender shall refund to Michigan SAVES (or its successors or assigns) any remaining amount of the Final Payment that was not used to pay Eligible Losses on Program Loans.
All certificates of the Stockholders representing any Securities subject to the provisions of this Agreement shall have endorsed thereon a legend to substantially the following effect: "THE RIGHT TO SELL, TRANSFER OR OTHERWISE DISPOSE OF OR PLEDGE THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE SUBJECT TO CERTAIN RESTRICTIONS, WHICH INCLUDE CO-SALE AND RIGHT OF FIRST REFUSAL RESTRICTIONS ON THE SALE OF THE SHARES AND A VOTING AGREEMENT, SET FORTH IN A STOCKHOLDERS' AGREEMENT.
By way of examples, with respect to two unrelated Corporate Obligations, each resulting in Losses to the Company of $175,000, the Company would not be entitled to indemnification from APU in any amount and neither claim would be considered in determining whether the aggregate amount of Eligible Losses exceeds $12 million.
When the Finance Provider’s last Eligible Financing Agreement has either been repaid or the Finance Provider has recovered its Qualifying Eligible Losses, then the Finance Provider shall refund to NYSERDA (or its successors or assigns) any remaining amount of the Final Payment that was not used to pay Qualifying Eligible Losses.
The provision of public services refers to the public safeguarding of a range of selected goods and services which are classified as essential.
The Lender's Reserve Fund Balance shall be reduced by any and all amounts paid by Michigan SAVES to Lender for Eligible Losses pursuant to Section 5 of this Agreement.
The Lender does not have any additional recourse against Michigan SAVES for Eligible Losses in excess of the Lender's Reserve Fund Balance at the time.