Expense Loss definition

Expense Loss means a loss realized upon payment by the Trust of an Additional Trust Expense.
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Expense Loss means a loss realized upon payment by the Trust of an Additional Trust Expense that was not otherwise subject to a Servicing Advance or was the subject of a determination that such Servicing Advance, if made, would be nonrecoverable.
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Expense Loss means a loss realized upon payment by the Trust of an Additional Trust Expense and with respect to the Non-Trust Serviced Pari Passu Loan, without duplication, the pro rata portion of similar items to the Additional Trust Expenses, as such expenses are incurred by the trust formed pursuant to the 2007-HQ11 Pooling and Servicing Agreement or the parties thereto, to the extent allocable to the Non-Trust Serviced Pari Passu Loan.
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Examples of Expense Loss in a sentence

  • The final distribution on each Certificate (determined without regard to any possible future reimbursement of any Realized Loss or Expense Loss previously allocated to such Certificate) will be made in like manner, but only upon presentation and surrender of such Certificate at the offices of the Certificate Registrar or such other location specified in the notice to Certificateholders of such final distribution.

  • Any distribution that is to be made with respect to a Certificate in reimbursement of a Realized Loss or Expense Loss previously allocated thereto, which reimbursement is to occur after the date on which such Certificate is surrendered as contemplated by the preceding sentence, will be made by check mailed to the Certificateholder that surrendered such Certificate or by wire transfer if such Certificateholder has provided the Trustee with wire transfer instructions.

  • The Company shall not settle any action, claim or Proceeding (in whole or in part) which would impose any Expense, Loss or limitation on the Indemnitee without the Indemnitee’s prior written consent.

  • Any distribution that is to be made with respect to a Certificate in reimbursement of a Realized Loss or Expense Loss previously allocated thereto, which reimbursement is to occur after the date on which such Certificate is surrendered as contemplated by the preceding sentence, will be made by check mailed to the Certificateholder that surrendered such Certificate.

  • In no event shall the Reinsurer be liable, in each contract year, for more than $27,000,000 (being 90% of $30,000,000) in respect of the sum of the Paid portion of Ultimate Net Loss and Pro rata Loss Adjustment Expense, Loss in Excess of Policy Limits, and Extra Contractual Obligations, in the Aggregate for Coverage B.

  • In no event shall Reinsurers be liable, in each contract year, for more than $13,500,000 (being 90% of $15,000,000) in respect of the sum of the Paid portion of Ultimate Net Loss and Pro rata Loss Adjustment Expense, Loss in Excess of Original Policy Limits, and Extra Contractual Obligations, in the Aggregate, for Coverage D.

  • In no event shall the Reinsurer be liable, in each contract year, for more than $27,000,000 (being 90% of $30,000,000) in respect of the sum of the Paid portion of Ultimate Net Loss and Pro rata Loss Adjustment Expense, Loss in Excess of Policy Limits, and Extra Contractual Obligations, in the Aggregate for Coverage C.

  • In no event shall the Reinsurer be liable, in each contract year, for more than $13,500,000 (being 90% of $15,000,000) in respect of the sum of the Paid portion of Ultimate Net Loss and Pro rata Loss Adjustment Expense, Loss in Excess of Original Policy Limits, and Extra Contractual Obligations, in the Aggregate, for Coverage D.

  • A Covered Cause of Loss results in covered losses as follows: $100,000 Total Loss (all applicable coverages) $35,000 Business Income Loss (including $2,000 of business income loss payable under Data Restoration coverage) $5,000 Extra Expense Loss In this case, the Indirect coverages loss totals $40,000 before application of the Indirect Coverage Deductible.

  • In no event shall Reinsurers be liable, in each contract year, for more than $27,000,000 (being 90% of $30,000,000) in respect of the sum of the Paid portion of Ultimate Net Loss and Pro rata Loss Adjustment Expense, Loss in Excess of Policy Limits, and Extra Contractual Obligations, in the Aggregate for Coverage C.


More Definitions of Expense Loss

Expense Loss. A loss realized upon payment by the Trust Fund of an Additional Trust Fund Expense that was not otherwise subject to a Servicing Advance or was the subject of a determination that such Servicing Advance, if made, would be a Nonrecoverable Advance.
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Expense Loss. A loss realized upon payment by the Trust Fund of an Additional Trust Fund Expense.
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Related to Expense Loss

  • Operating Loss means a negative Operating Profit.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • Net operating loss means a loss incurred by a person in the operation of a trade or business. "Net operating loss" does not include unutilized losses resulting from basis limitations, at-risk limitations, or passive activity loss limitations.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of eighty one million dollars ($81,000,000).