Common use of LOSS RECOVERY Clause in Contracts

LOSS RECOVERY. Whenever Lender makes a claim consistent with the terms of this Agreement for an Eligible Loss from the Lender's Reserve Fund Balance as provided above, Lender shall be entitled to payment of the Eligible Loss up to but not in excess of the amount of Lender's Reserve Fund Balance (if and only if Lender's Reserve Fund Balance at that time is a positive number) at the time that such claim for an Eligible Loss is presented to Michigan Saves.

LOSS RECOVERY. Whenever Lender Xxxxxx makes a claim consistent with the terms of this Agreement for an Eligible Loss from the Lender's Reserve Fund Balance as provided above, Lender shall be entitled to payment of the Eligible Loss up to but not in excess of the amount of Lender's Reserve Fund Balance (if and only if LenderXxxxxx's Reserve Fund Balance at that time is a positive number) at the time that such claim for an Eligible Loss is presented to Michigan SavesSAVES.

LOSS RECOVERY. Whenever Lender Xxxxxx makes a claim consistent with the terms of this Agreement for an Eligible Loss from the Lender's Reserve Fund Balance as provided above, Lender shall be entitled to payment of the Eligible Loss up to but not in excess of the amount of Lender's Reserve Fund Balance (if and only if LenderXxxxxx's Reserve Fund Balance at that time is a positive number) at the time that such claim for an Eligible Loss is presented to Michigan Saves.

LOSS RECOVERY. Whenever Lender makes a claim consistent with the terms of this Agreement for an Eligible Loss from the Lender's Reserve Fund Balance as provided above, Lender shall be entitled to payment of the Eligible Loss up to but not in excess of the amount of Lender's Reserve Fund Balance (if and only if Lender's Reserve Fund Balance at that time is a positive number) at the time that such claim for an Eligible Loss is presented to Michigan SavesSAVES.