Minimum Recovery Sample Clauses
The Minimum Recovery clause establishes a guaranteed baseline amount that a party must receive in the event of a loss, default, or other specified circumstance. In practice, this means that regardless of the actual recovery from collateral or other sources, the affected party is entitled to at least the minimum specified sum. For example, if a lender is recovering funds from a defaulted loan, this clause ensures they receive no less than the agreed minimum, even if the collateral's value is insufficient. The core function of this clause is to provide financial certainty and protect parties from receiving less than a predetermined amount, thereby mitigating risk in uncertain recovery situations.
Minimum Recovery. In the event recovery is received under the Bond as a result of a loss sustained by the Adviser or one or more of the Funds, each Fund shall receive an equitable and proportionate share of the recovery, which shall be at least equal to the amount that each Fund would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1).
Minimum Recovery. During the arbitration, the amount of any settlement offer shall not be disclosed to the arbitrator until after the arbitrator determines the amount, if any, to which you are entitled. If you are the claimant, you had complied with this subsection and subsections (c) and (d), and the arbitrator awards you an amount of money that exceeds the value of our last written settlement to you before the appointment of the arbitrator, then we will pay you $1,000 in lieu of any smaller award (the “Minimum Recovery”). In determining whether you are entitled to the Minimum Recovery, the arbitrator shall not consider amounts offered or awarded for attorneys' fees or costs. Any disputes as to recovery of the Minimum Recovery shall be resolved by the arbitrator and must be raised within 14 days of the arbitrator's ruling on the merits.
Minimum Recovery. In the event recovery is received under the Bond as a result of loss sustained by a Trust, such Trust shall receive an equitable and proportionate share of the recovery which shall be at least equal to the amount which the Trust would have received had it provided and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1).
Minimum Recovery. In the event recovery is received under the Bond as a result of loss sustained by the Portfolios, each Portfolio shall receive an equitable and proportionate share of the recovery, which shall be at least equal to the amount that each portfolio would have received had it provide and maintained a single insured bond with the minimum coverage required by Rule 17g-1(d)(1).