Potential Loss definition

Potential Loss means any event, fact, condition, or circumstance that is reasonably likely to give rise to a Loss. The Borrower Indemnity shall not apply to the extent that a court or arbitral tribunal with jurisdiction over the Loss and each Indemnified Person who has a Loss or Costs of Defense in connection therewith renders a final determination that the Loss or Costs of Defense resulted from (a) the gross negligence or willful misconduct of the Indemnified Person, or (b) OPIC's failure to perform any act required of it relating to the Loan. The Borrower Indemnity is independent of and in addition to (i) any rights of any party hereto in connection with any Loss or Costs of Defense, and (ii) any other agreement, and shall survive the execution, modification, and amendment of this Agreement and the other Financing Documents, the expiration, cancellation, or termination of the Commitment, the disbursement and repayment of the Loan, and the provisions of any other indemnity. Any exclusion of an obligation to pay any amount under this Section shall not affect the requirement to pay such amount under any other Section hereof or under any other agreement. OPIC and each Indemnified Person shall have the right to control its, his, or her defense, PROVIDED, HOWEVER, that each Indemnified Person shall: (a) notify the Borrowers in writing as soon as practicable of any Loss, Potential Loss, or Cost of Defense, and (b) keep the Borrowers reasonably informed of material developments with respect thereto. In exercising the right and power to control his, her, or its actions in connection with a Loss or Potential Loss, including a decision to settle any such Loss, each Indemnified Person shall, taking into account the nature and policies of such Indemnified Person (i) consult with the Borrowers, and (ii) act as such Indemnified Person would act if the Costs of Defense or settlement were to be paid by such Indemnified Person. Each of the Borrowers acknowledge and agree that each Indemnified Person is an express, third-party beneficiary of the Borrowers' obligations under this Section 9.10.

Potential Loss has the meaning set forth in Section 9.10.

Potential Loss means the discovery by a Party that a representation or warranty of another Party contained in this Agreement was not true in all respects when made and such inaccuracy may result in a Loss to such discovering Party.

Examples of Potential Loss in a sentence

• Potential Loss of Revenue to Three Principally Affected Quarries Table VII-8 shows the cumulative cost of both ATCMs. The three quarries that are significantly impacted under the Asbestos Surfacing ATCM would most likely fall into Scenario 3 under the proposed ATCM.

• Failure to Meet SAP Standards – Consequences Potential Loss of Aid: As described above, students who fail to meet minimum SAP standards will lose their eligibility for Federal financial aid, unless they are on financial aid warning.

• Potential Loss of Oil and Gas Interests/ Payments Due ----------------------------------------------------- If the Company does not pay its share of future AFE invoices it may have to forfeit all of its rights in certain of its interests in the Prospect and any related profits.

• In order to protect the district from a potential loss in state revenue, the district will commit at least thirty (30) days or eight and a third (8.33%) of net budgeted operating expenditures to a Reserve for Potential Loss of State Revenue.

• Potential Loss of the Holder’s investments in the Securities Each Holder may receive a Final Settlement Amount and/or physical delivery the aggregate value of which may be less than the value of the Holder’s investment in the relevant Securities.

More Definitions of Potential Loss

Potential Loss has the meaning set forth in Section 9.11.

Potential Loss means a loss not covered by the Contract that will be added to the harvested yield.

Potential Loss means the discovery by a party that a representation or warranty of another party contained in this Agreement was not true in all respects when made and such inaccuracy would be reasonably likely to result in a material Loss to such discovering party.

Potential Loss means any event or circumstance that could reasonably be expected to result in, or to materially increase the likelihood or magnitude of, a Loss, including (x) any dispute with the Host Government, including initiation of any Dispute Resolution Procedure, (y) any pending, or to the Guarantee Holder's or Project Enterprise's knowledge threatened, action or proceeding by or before any court, arbitral tribunal, or agency that might have a material adverse effect on the Project Enterprise, the Guaranteed Loan, or the Investment Project, or (z) any Scheduled Payment Default (regardless of cause) or deprivation of rights in Collateral.

Potential Loss means any event, fact, condition, or circumstance that is reasonably likely to give rise to a Loss. The Borrower Indemnity shall not apply to the extent that a court or arbitral tribunal with jurisdiction over the Loss and each Indemnified Person who has a Loss or Costs of Defense in connection therewith renders a final determination that the Loss or Costs of Defense resulted from (a) the gross negligence or willful misconduct of the Indemnified Person, or (b) OPIC’s failure to perform any act required of it relating to the Loan. The Borrower Indemnity is independent of and in addition to (i) any rights of any party hereto in connection with any Loss or Costs of Defense, and

Potential Loss means an event or occurrence described in the definition of Total Loss that, with the passage of time without cure could be deemed a Total Loss. Upon the occurrence of a Total Loss of any Spare Part, Lessee shall replace such Spare Part in accordance with Section 6.4.

Potential Loss means any event, circumstance or default specified in Subsection 9.3(h)(ii)-(iv). “Premium” means: