Loss Recovery definition

Loss Recovery in relation to a Liquidated Mortgage Loan means all amounts received by or on behalf of the Trustee in respect of that Liquidated Mortgage Loan after the relevant Liquidation Date.
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Loss Recovery means for any applicable date or period, in respect of any Contract and without duplication, the amounts recovered from loss reserves and/or any payments made by any Franchisee (including by net settlement in periodic statements) or Snap-on Credit or any of its Affiliates during such Monthly Period, in each case under the related Franchisee Agreement (or, in the case of Snap-on Credit or any of its Affiliates, the applicable intercompany agreement or arrangements relating to recourse in respect of losses under such Contract) in connection with the obligation thereunder to provide recourse in respect of losses under such Contract (but excluding, for the avoidance of doubt, any Fair Market Value Recoveries).
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Loss Recovery means (i) principal capital amount received by the Issuer under a Mortgage Loan to the extent that there is a Loss Reserve provided for such amount and (ii) an amount equal to a reduction of a Loss Reserve.
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Examples of Loss Recovery in a sentence

  • Failure to provide correct information or inform us of any changes could adversely affect your policy, including invalidating your policy or claims being rejected or not fully paid.The policy will also include Uninsured Loss Recovery, if you have purchased this.2. Notification of accidents and lossesYou must tell us as soon as reasonably possible about any incident which may lead to a claim under this policy.

  • We may require you to pay the Settlement Fee, and a fee to compensate us for any loss we incur, as set out in the Disclosure Statement under Full prepayment Loss Recovery Fee calculation.

  • This is extended to include an authorised driver or passengers for the Uninsured Loss Recovery and Personal Injury sections of cover.

  • This rate schedule is offered as a companion to the customer’s existing sales rate schedule; the rates of the customer’s primary rate schedule shall also apply.Additionally, bills for service are subject to charges for the Franchise Tax Recovery charge and the Margin Loss Recovery Ride.

  • The amount of the balance in the Loss Recovery Account at the time of calculating the Incentive Allocation shall be the amount existing immediately prior to its reduction pursuant to the second clause of the second sentence of Section 5.03(c)(ii).

  • To Make a Claim Uninsured Loss Recovery & Personal InjuryYou should call 0344 844 0892 to report a claim.

  • For this purpose, pro rata portions of the Positive Allocation Change and the Preferred Return for the Allocation Period, and any balance in the Loss Recovery Account, shall be deemed associated with the portion of the Interest repurchased, and there shall be a corresponding reduction made in the Positive Allocation Change, Preferred Return and Loss Recovery Account balance (if any) associated with the remaining Interest.

  • The Fund will also pay to the Adviser an incentive fee (the “Incentive Fee”) calculated and payable quarterly in arrears equal to 10% of the excess, if any, of (i) the net profits of the Fund for the relevant period over (ii) the then balance, if any, of the Loss Recovery Account (as defined below).

  • Compensation for Injuries The Uninsured Loss Recovery cover will help recover compensation if you or your passengers are injured or killed in an accident involving the insured vehicle.

  • Uninsured Loss Recovery and Personal InjuryCosts and Expenses incurred to recover Uninsured Losses after an event which causes:1.


More Definitions of Loss Recovery

Loss Recovery shall be equal to the excess of (A) the aggregate book value of the Designated Loans at December 31, 2005, minus the aggregate of any loan reserves generally or specifically allocated to one or more of the Designated Loans at December 31, 2005 plus the aggregate principal collections with respect to the Designated Loans during the period from August 31, 2002 through December 31, 2005, over (B) the aggregate book value of the Designated Loans at August 31, 2002, minus the aggregate of any loan reserves generally or specifically allocated to one or more of the Designated Loans at August 31, 2002. "Designated Loans" shall mean those loans classified by the FDIC as substandard, doubtful, or loss during the period of time from July 1, 2002 through the date hereof and any related credits, as shall be agreed upon by the parties. Amounts payable under Clauses (A) and (B) above are referred to as "Earnout Amounts." Earnout Amounts will become payable within 60 days following December 31, 2005 in the case of Clause (A) and 10 business days following the end of any calendar quarter in which Earnout Amounts under Clause (B) are received. For purposes of paying Earnout Amounts, shares of TSFG common stock will be valued based on the average of the last five trading days in the calendar quarter immediately preceding payment. In the event that amounts become payable under Clause (B) with respect to a Designated Loan, appropriate steps shall be taken to cause such Designated Loan to be removed from the calculations associated with Clause (A). In this structure, TSFG, as a shareholder of RFC, would be treated as any other shareholder (and, accordingly, would be entitled to its pro rata share of any distributions made to RFC shareholders). The issuance of the shares of TSFG common stock in connection with the Transaction shall be registered with the Securities and Exchange Commission and with any necessary state securities commissions. Outstanding options to purchase RFC common stock would not be affected by the Transaction.
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Related to Loss Recovery

  • Final Shared-Loss Recovery Month means the calendar month in which the tenth anniversary of the Commencement Date occurs.

  • Cost recovery means collection, upon approval by the commission pursuant to its authority under section4909.15 of the Revised Code, of such documented EDU interconnection costs that are incurred at reasonable levels for prudent purposes and that are over and above the review processing fees set forth in rules 4901:1-22-06 to 4901:1-22-08 of the Administrative Code.

  • Subsequent Recovery Any amount recovered by a Servicer or the Master Servicer with respect to a Liquidated Mortgage Loan with respect to which a Realized Loss was incurred after the liquidation or disposition of such Mortgage Loan.

  • Net Recovery Any proceeds received by a Servicer on a delinquent or Charged Off Loan (including any Liquidation Proceeds received on a Charged Off Loan), net of any Servicing Fee, Ancillary Income and any other related expenses.

  • Postpartum recovery means (a) the entire period a woman or

  • REO Revenues All income, rents, profits and proceeds derived from the ownership, operation or leasing of any REO Property.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.

  • Subsequent Recoveries As to any Distribution Date, with respect to a Liquidated Mortgage Loan that resulted in a Realized Loss in a prior calendar month, unexpected amounts received by the Master Servicer (net of any related expenses permitted to be reimbursed pursuant to Section 3.08) specifically related to such Liquidated Mortgage Loan.

  • Shared-Loss Assets means Shared-Loss Loans, Other Real Estate purchased by the Assuming Institution, Additional ORE, Shared-Loss Subsidiaries, and Capitalized Expenditures, but does not include Shared-Loss Securities.

  • Net Recoveries means gross Recoveries during any Calendar Quarter minus Reimbursable Expenses during such Calendar Quarter.

  • Late Collections With respect to any Mortgage Loan and any Due Period, all amounts received subsequent to the Determination Date immediately following such Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of principal and/or interest due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) but delinquent for such Due Period and not previously recovered.

  • Moody’s Recovery Rate With respect to any Collateral Obligation, as of any date of determination, the recovery rate determined in accordance with the following, in the following order of priority:

  • S&P Recovery Rate With respect to a Collateral Obligation, the recovery rate set forth in Section 1 of Schedule 4 using the Initial Rating of the most senior Class of Secured Notes Outstanding at the time of determination.

  • Net Insurance Proceeds Insurance Proceeds, to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the express requirements of the Mortgage or Note or other Loan Documents included in the Mortgage File or in accordance with the Servicing Standard, or with respect to the environmental insurance policy, applied to pay any costs, expenses, penalties, fines or similar items; provided that, in the case of an Outside Serviced Mortgage Loan, “Net Insurance Proceeds” under this Agreement shall be limited to any related Insurance Proceeds that are received by the Trust Fund in connection with such Outside Serviced Mortgage Loan, pursuant to the allocations set forth in the related Co-Lender Agreement.

  • Final Recovery Determination With respect to any defaulted Mortgage Loan or any REO Property (other than a Mortgage Loan or REO Property purchased by the Responsible Party as contemplated by this Agreement), a determination made by the Servicer that all Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds and other payments or recoveries which the Servicer, in its reasonable good faith judgment, expects to be finally recoverable in respect thereof have been so recovered. The Servicer shall maintain records, prepared by a Servicing Officer, of each Final Recovery Determination made thereby.

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • 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.

  • Unanticipated Recovery As defined in Section 4.2(f).

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Disaster Recovery shall be defined as the installation and storage of Product in ready-to-execute, back-up computer systems prior to disaster or breakdown which is not used for active production or development.

  • CREFC® Servicer Realized Loss Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Servicer Realized Loss Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Disaster recovery project means a project located on property

  • Non-Recoverable Servicing Advance Any portion of a Servicing Advance previously made or proposed to be made by the Servicer that, in the good faith judgment of the Servicer, will not or, in the case of a current Servicing Advance, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.