LCH Uncovered Loss definition

LCH Uncovered Loss means, in respect of the Clearing House on any business day in any Loss Distribution Period, the amount calculated in accordance with the following formula:
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LCH Uncovered Loss means, in respect of the Clearing House, as determined on any business day in any Loss Distribution Period or Service Closure Period, the amount greater than zero calculated in accordance with the following formula:
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LCH Uncovered Loss means, in respect of LCH SA, as determined on any Clearing Day in any Loss Distribution Period or Service Closure Period, the amount (which may never be less than zero) calculated in accordance with the following formula:
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More Definitions of LCH Uncovered Loss

LCH Uncovered Loss means, in respect of LCH SA, as determined on any Clearing Day in any Loss Distribution Period or Service Closure Period, the amount (which may never be less than zero) corresponding to the difference between the Cash and Derivatives Excess Loss as determined by LCH SA on that day and the resources mentioned in Article 4.5.2.7 (i) to (v) (a) of the Clearing Rule Book remaining available on that day.
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LCH Uncovered Loss means, in respect of LCH.Clearnet SA on any Clearing Day in any Loss Distribution Period, the amount calculated in accordance with the following formula:
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Related to LCH Uncovered Loss

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • Fraud Loss A Liquidated Loan Loss as to which there was fraud in the origination of such Mortgage Loan.

  • Special Hazard Loss Coverage Amount With respect to the first Distribution Date, $5,000,000. With respect to any Distribution Date after the first Distribution Date, the lesser of (a) the greatest of (i) 1% of the aggregate of the principal balances of the Mortgage Loans, (ii) twice the principal balance of the largest Mortgage Loan and (iii) the aggregate of the principal balances of all Mortgage Loans secured by Mortgaged Properties located in the single California postal zip code area having the highest aggregate principal balance of any such zip code area and (b) the Special Hazard Loss Coverage Amount as of the Closing Date less the amount, if any, of Special Hazard Losses allocated to the Certificates since the Closing Date. All principal balances for the purpose of this definition will be calculated as of the first day of the calendar month preceding the month of such Distribution Date after giving effect to Scheduled Payments on the Mortgage Loans then due, whether or not paid.

  • Insured Loss means damage or destruction to improvements on the Premises, other than Lessee Owned Alterations and Utility Installations and Trade Fixtures, which was caused by an event required to be covered by the insurance described in Paragraph 8.3(a), irrespective of any deductible amounts or coverage limits involved.