Loss Adjustment Payment definition

Loss Adjustment Payment means a reimbursement of credit protection payment that may, in certain circumstances specified in the Credit Default Swap, be payable by the Swap Counterparty to the Issuer.
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Examples of Loss Adjustment Payment in a sentence

  • The Championship Clerk of the Course will not judge whether the track is wet enough to justify the use of wet weather (treaded) tyres.If weather conditions significantly change after leaving the Assembly Area and before the race start, the start will be delayed, Competitors will be allowed to change onto tyres of their choice and the countdown will resume from a five- minute signal.

  • If, however, the Cash Settlement Amount(s) that should have been paid by the Issuer is or are in aggregate less than the sums actually paid by the Issuer, the Swap Counterparty shall pay an amount equal to the deficiency (a "Loss Adjustment Payment") to the Issuer.

  • If any Loss Adjustment Payment is payable by the Swap Counterparty to the Issuer, the Swap Counterparty shall also pay, on the same date that the Loss Adjustment Payment is due as part of the Notes Funding Amount, an amount equal to the sum of the Regular Interest Amount and the Compounded Interest Amount that is payable by the Issuerin respect of the Notes as a result of such Loss Adjustment Payment pursuant to Condition 6.12 (Interest on Principal Reinstatement).

  • Instead of seeking to ensure that a specific person is responsible, Article 3(1) of the First Directive aims at ensuring that all vehicles that are used are insured, so that if there is an accident, the victim is able to turn without difficulty to a (solvent 5) entity to recover damages.

Related to Loss Adjustment Payment

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • REMIC II Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest AA minus the Marker Rate, divided by (b) 12.

  • Basis Adjustment means the adjustment to the tax basis of an Original Asset under Sections 743(b) and 754 of the Code and comparable sections of state and local tax laws (as calculated under Section 2.01 of this Agreement) as a result of an Exchange and the payments made pursuant to this Agreement.

  • Adjustment Escrow Amount means $1,000,000.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • REMIC I Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC I Remittance Rate for REMIC I Regular Interest I-LTAA minus the Marker Rate, divided by (b) 12.

  • Applied Loss Amount With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

  • Settlement Costs means all costs incurred by Plaintiff, the Settlement Class Members, and their attorneys, including but not limited to Plaintiff’s attorneys’ fees, costs of suit, Plaintiff’s expert or consultant fees, any incentive payments paid to the Class Representative, notice costs, costs of claims administration, and all other costs of administering the Settlement Agreement.