Recoverable Loss definition

Recoverable Loss has the meaning set forth in Section 15.5(b) of this Agreement.
Sample 1Sample 2Sample 3
Recoverable Loss means any Losses caused by, resulting from or arising out of any single act, omission, event or circumstance (or series of related acts, omissions, events or circumstances).
Sample 1Sample 2Sample 3
Recoverable Loss means any single Loss or related series of Losses arising out of any single act, omission, event or circumstance if such single Loss or related series of Losses exceeds $50,000 (and, if such a single Loss or related series of Losses is incurred, the entire amount of such single Loss or related series of Losses shall be a Recoverable Loss).
Sample 1

Examples of Recoverable Loss in a sentence

  • The determination of the validity of Claims and the proper amount of the payment to a Claimant for a Recoverable Loss is the sole responsibility of the Claims Administrator.

  • The liability of a party under this Agreement (whether by virtue of any remedy conferred by this Agreement whether by way of indemnity, by statute (to the extent it is possible to exclude such liability) in tort (whether for negligence or otherwise), or on any other basis in law or equity) extends only to any Recoverable Loss.

  • Any Recoverable Loss of AT resulting from the Parent not complying with that obligation is a Non-reimbursable Cost.


More Definitions of Recoverable Loss

Recoverable Loss means (i) any Loss under clauses (i) or (ii) of Section 10.02(a) or Section 10.02(b) arising out of any single act, omission, event or circumstance if such Loss exceeds $25,000 (and, if such a Loss is incurred, the entire amount of such Loss shall be a Recoverable Loss) and (ii) any Loss under clause (iii) of Section 10.02(a) relating to Environmental Laws and Authorizations thereunder or Hazardous Substances; provided that no Loss which was taken into account as part of the Purchase Price Adjustment shall constitute a Recoverable Loss.
Sample 1Sample 2
Recoverable Loss shall have the meaning ascribed to such term in subsection (a) of Section 10.02.
Sample 1
Recoverable Loss means any Loss of a party other than a Loss: a of anticipated savings and the projected economic returns on any such savings; b of revenue or loss of profit; c of goodwill; d which is consequential or indirect; or e of future contracts or business opportunities;
Sample 1
Recoverable Loss is defined in Section 5.5.
Sample 1
Recoverable Loss is defined in Section 5.5. 17 Five-Year Revolving Credit Agreement
Sample 1
Recoverable Loss means any Loss for which WiderThan may obtain recovery consistent with the terms of this Agreement and the Acquisition Agreement.
Sample 1

Related to Recoverable Loss

  • Indemnifiable Loss means, with respect to any Person, any action, claim, cost, damage, deficiency, diminution in value, disbursement, expense, liability, loss, obligation, penalty, settlement, suit, or tax of any kind or nature, together with all interest, penalties, legal, accounting and other professional fees and expenses reasonably incurred in the investigation, collection, prosecution and defense of claims and amounts paid in settlement, that may be imposed on or otherwise incurred or suffered by such Person, whether directly or indirectly.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the greater of (i) the amount of the principal reduction ordered by such court and (ii) the difference between the Principal Balance of such Receivable at the time of such court order and the net present value (using a discount rate which is the higher of the Contract Rate of such Receivable or the rate of interest specified by such court order) of the remaining scheduled payments to be paid on such Receivable as modified or restructured. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Irrecoverable VAT means in relation to any Person, any amount in respect of VAT which that Person (or a member of the same VAT Group as that Person) has incurred and in respect of which neither that Person nor any other member of the same VAT Group as that Person is entitled to a refund (by way of credit or repayment) from any relevant Tax Authority pursuant to and determined in accordance with applicable VAT Laws.

  • Recovered Costs means any amounts referred to in clauses (d) and/or (e) of the definition of “Defaulted Mortgage Loan Purchase Price” that, at the time of determination, had been previously paid or reimbursed to any Servicer from sources other than collections on or in respect of the Mortgage Loan or the Mortgaged Property (including, without limitation, from collections on or in respect of loans other than the Mortgage Loan).

  • 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.

  • Purchaser Indemnitee As defined in Section 6(a) hereof.

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Foreclosure Loss means the loss realized when the Assuming Institution has completed the foreclosure on a Single Family Shared-Loss Loan and realized final recovery on the collateral through liquidation and recovery of all insurance proceeds. Each Foreclosure Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2c(1)-(3).

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

  • Recovered material means waste materials and by-products recovered or diverted from solid waste, but the term does not include those materials and by-products generated from, and commonly reused within, an original manufacturing process.

  • Work loss means loss of income from work the injured victim would have performed if the injured victim had not been injured and expenses reasonably incurred by the injured victim in obtaining services in lieu of those the injured victim would have performed for income,

  • Indemnifiable Losses means any and all Losses relating to, arising out of or resulting from any Indemnifiable Claim.

  • Non-Recoverable Advance Any portion of an 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 delinquency, would not, be ultimately recoverable by the Servicer from the related Mortgagor, related Liquidation Proceeds or otherwise with respect to the related Mortgage Loan.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • 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.

  • Purchaser Indemnified Person is defined in Section 5.1 of the Sale Agreement.

  • Seller Indemnitee has the meaning set forth in Section 9.2(b).

  • Seller Indemnified Party has the meaning set forth in Section 7.2.

  • Buyer Indemnified Party has the meaning set forth in Section 8.2.

  • Buyer Indemnitee has the meaning set forth in Section 8.1(b).

  • Servicer Indemnified Party As defined in Section 8.05(c) of this Agreement.

  • Nonrecoverable P&I Advance Any P&I Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer using Accepted Servicing Practices, will not or, in the case of a proposed P&I Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

  • 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.

  • Nonrecoverable Servicing Advance Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Master Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.