Pool Losses definition

Pool Losses means, for any Reporting Period, an amount equal to the amounts that became Defaulted Amounts during such Reporting Period (other than the amount of any reductions referred to in the proviso at the end of the definition of “Card Income”) less any Recoveries received in such Reporting Period (which amount may be a negative amount).
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Pool Losses means, with respect to a period of days, the amount, if any, by which the aggregate of all amounts that became Written-Off Amounts during the period exceeds the sum of Credit Charge Receivables and Recoveries for the period;
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Pool Losses. ’ means, for any Reporting Period, an amount equal to the amounts that became Defaulted Amounts during such Reporting Period (other than the amount of any reductions referred to in the proviso at the end of the definition of ‘‘Card Income’’) less any Recoveries received in such Reporting Period (which amount may be a negative amount).
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Examples of Pool Losses in a sentence

  • Distributions shall be made only for fund years in which the coverage program is in an unrestricted fund balance as described in the Reserves for Pool Losses and Fund Balance policy and all claims in that fund year are closed.

  • Passed by unanimous consent of the New Mexico Counties Workers’ Compensation FundBoard of Directors on December 9, 1993..Passed by unanimous consent of the NMCIA Multi-Line Pool Board of Directors on December 8, 1993.Policy on Reserves for Pool Losses and Fund BalancesIn an effort to assure prudent funding and reserving practices, the Pool Board adopts the following policy, which will be monitored on a regular basis by the Board.

  • Distributions shall be made only for fund years in which the Pool is in a unrestricted fund balance as described in the Reserves for Pool Losses and Fund Balance policy and all claims in that fund year are closed..

  • Revised/passed by unanimous consent of the NMCIA Workers’ Compensation Fund Board of Directors on December 17, 2015.Joint Policy on Reserves for Pool Losses and Fund BalancesIn an effort to assure prudent funding and reserving practices, the Pool Boards adopt the following policy, which will be monitored on a regular basis by each Board.

  • Pool Losses represent the amounts which became Charged-Off Amounts in the Settlement Period, but do not include amounts attributable to fraud, less the amount of any recoveries in the Settlement Period, shown as a percentage of the average of the Pool Balance at the beginning and end of the Settlement Period and annualized based on a 365 day year.

  • Performance Evolution Chart 6 : Collateral Score 14% 11.7% 12.7% 12.5% 12% 10% 8% 6% 4% 2% 0% Q3 2022 Q4 2022 Q1 2023 Chart 7 :Cover Pool LossesCollateral Risk Market Risk Cover Pool Losses 30%25.1% 25.0% 24.7%25% 20% 15% 10% 5% 0%Q3 2022 Q4 2022 Q1 2023 Chart 8 : OC consistent with covered bond rating vs.

  • Chart 6 : Collateral Score 6% 5.0% 5.0% 5.0% 5.0% 5.0% 5% 4% 3% 2% 1% 0% Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Chart 7 : Cover Pool Losses Collateral Risk Market Risk Cover Pool Losses 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% 8.3% 8.3% 8.3% 8.3% 8.3% Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Chart 8 : OC consistent with covered bond rating vs.

  • The Intercompany Loan has been terminated or the revolving commitment is not renewed No Cover Pool Losses Period EndWrite-off AmountsLoss Percentage (Annualized)July 30, 2021$00.00% Reserve Fund AmountReserve Fund Balance $0 Cover Pool Flow of Funds Cash Inflows30-Jul-21 ¹ Includes Capitalized Interest on Loans.

  • Allocation of Credit Charge Receivables, Recoveries and Pool Losses On each Determination Day, the Invested Amount for a Series will increase by a share of Credit Charge Receivables plus Recoveries for the related Determination Period equal to the lesser of (a) the applicable Ownership Income Share for the period, and (b) the applicable Ownership Income Source for the period.

  • Intercompany Loan Balance Guarantee Loan$288,750,289Demand Loan$27,670,878Total$316,421,167 Cover Pool Losses Period EndWrite-off AmountsLoss Percentage (Annualized)6/30/2021 0.00% Cover Pool Flow of Funds Cash Inflows Cash Outflows Swap payment(585,130) ²(611,348) ³Intercompany Loan interest(667,161) ²(533,044) ³Intercompany Loan principal(9,646,405) ¹ ̕ ²(3,640,595) ¹ ̕ ³Purchase of Loans0 ⁴0 ⁴ Net inflows/(outflows) 0 0 1.


More Definitions of Pool Losses

Pool Losses means, in respect of any Settlement Period, (i) the aggregate amounts that become Charged-Off Amounts during such Settlement Period; less (ii) the aggregate amount of Recoveries received by the Servicer during such Settlement Period.
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Related to Pool Losses

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Residual Loss means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of a Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 6.2(b)(i)(A) or 6.2(b)(ii)(A), respectively, to eliminate Book-Tax Disparities.

  • Relevant Losses means, in relation to:

  • Electrical Losses means all applicable losses, including the following: (a) any transmission or transformation losses between the CAISO revenue meter(s) and the Delivery Point; and

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Losses shall have the meaning set forth in Section 5(a).

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Funding Losses has the meaning set forth in Section 2.13(b)(ii).

  • Unrealized losses means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • 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.

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • Losses incurred means ceded losses and Loss Adjustment Expense paid as of the effective date of calculation, plus the ceded reserves for losses and Loss Adjustment Expense outstanding as of the same date.

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • REMIC I Principal Loss Allocation Amount With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTM10 and the denominator of which is the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LTZZ.

  • Principal Loss Amount With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Credit Event Reference Obligations for the related Reporting Period; (b) the aggregate amount of court-approved principal reductions (“cramdowns”) on the Reference Obligations in the related Reporting Period; (c) subsequent losses on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; and (d) amounts included in the second, fourth, seventh, eighth and tenth priorities set forth in Section 3.03(f) hereof.

  • Environmental Losses means all costs and expenses of any kind, damages, including foreseeable and unforeseeable consequential damages, fines and penalties incurred in connection with any violation of and compliance with Environmental Requirements and all losses of any kind attributable to the diminution of value, loss of use or adverse effects on marketability or use of any portion of the Premises or Property.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.