Joint Loss definition

Joint Loss or "Joint Losses" means (individually and collectively, as appropriate) any Guaranty Losses that are not a BR Party Caused Guaranty Loss or a TriBridge Party Caused Guaranty Loss. TriBridge shall be responsible for 7.5% of any Joint Loss, and the Bluerock Guarantor shall be responsible for 92.5% of any Joint Loss.
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Joint Loss means any diminution in value, injury, damage, loss or similar insurable event that is (i) both a CBS Loss and a New Viacom Loss and (ii) not exclusively a CBS Loss or a New Viacom Loss.
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Joint Loss means that there is damage to property that is Covered Property under both the commercial property policy and this policy and both the commercial property insurer(s) and we admit to some liability for payment under the respective policies.
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Examples of Joint Loss in a sentence

  • Further, the Superintendent will cause the formation of the Joint Loss Management Committee as required by RSA 281-A:64.

  • Le chargeur doit indemniser le transporteur du préjudice résultant de l'inexactitude de ces indications.

  • The DLMC will be required to upload/enter the details of crop loss as per the Joint Loss Survey conducted by DLJC for all intermediate loss events viz.

  • If a separate policy of insurance is maintained for the boiler and pressure vessels, the policies will include a Joint Loss Agreement between insurers.

  • Wälde, „Effective Management of Transnational Disputes: Mutual Gain by Mediation or Joint Loss in Litigation‟, Arbitration International 22 (2006): 205.

  • In addition, employees may be required to participate as members of a Joint Loss Management Committee in which case such assignments shall be construed as a condition of employment.

  • In compliance with RSA 281‐A: 64, the Town has established a Joint Loss Management Committee (JLMC) which is comprised of equal members representing management and labor.

  • Safety Check List from Joint Loss Management Committee (JLMC)The Safety Committee met with officials from our local fire department.

  • Employees are also encouraged to actively participate in health and wellness programs sponsored by the Town’s insurance carrier(s) and the Joint Loss Management Committee.

  • Arbitration expenses will be apportioned between insurers on the same basis that the ultimate loss is apportioned.If a separate Equipment Breakdown policy is in force by the Insured, a Joint Loss Agreement equivalent to ISO Form CP 12700200 must be included within the Policy forms to invoke the Joint Loss cause.


More Definitions of Joint Loss

Joint Loss means any diminution in value, injury, damage, loss or similar insurable event that is (i) both a CBS Loss and a New Viacom Loss and(ii) not exclusively a CBS Loss or a New Viacom Loss.
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Related to Joint Loss

  • Ultimate Net Loss as used herein is defined as the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as hereinafter defined) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.

  • Loss or “Losses” means any and all losses, costs (including court costs), claims, damages (including fines, penalties, or civil judgments and settlements), injuries, liabilities and expenses (including attorneys’ fees).

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,