Losses Under the Stated Threshold Sample Clauses
The 'Losses Under the Stated Threshold' clause sets a minimum amount of loss or damage that must be reached before a party can make a claim under a contract. In practice, this means that minor losses or damages falling below the specified threshold are not recoverable, and only losses exceeding this amount are eligible for compensation. This clause helps prevent parties from making claims for insignificant or trivial losses, thereby reducing administrative burdens and focusing attention on more substantial issues.
Losses Under the Stated Threshold. After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the total Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds eighty percent (80%) of that amount.
Losses Under the Stated Threshold. After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives Module 1 - Whole Bank w/ Loss Share - P&A Guaranty Bank Version 1.05 65 Austin, Texas June 16, 2009 the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the total Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds eighty percent (80%) of that amount.
Losses Under the Stated Threshold. After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the total Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds eighty percent (80%) of that amount. Whole Bank w/ Loss Share – P&A Colonial Bank August 14, 2009 Montgomery, Alabama