Adjusted Loss definition
Examples of Adjusted Loss in a sentence
Pursuant to the terms of the Subordinated Note, the Issuer shall not request or receive any advance thereunder on any date if after giving effect to such advance, the sum of the Subordinated Loans then outstanding and the aggregate Outstanding Amount of all Notes would exceed the Net Eligible Receivables Balance minus the Adjusted Loss Reserve, (such maximum amount required to be advanced at any time, the "Subordinated Note Cap").
The Agent, the Conduit Transferee and the Committed ------ Transferee hereby waive each of the Events of Termination that resulted from the Adjusted Loss Ratio exceeding 1.50% as of the last day of the Collection Periods occurring in October, November and December 2001 and January 2002.
As respects Policies written or renewed during each Contract Year, the provisional ceding commission will be adjusted upwards in the event the Adjusted Loss Ratio for the Contract Year is below 74%.
Supplier further acknowledges that all invoices must contain a valid purchase order number, and that any invoices without a purchase order number will not be considered received by Datasite, and will be returnedunpaid.
In addition to paying regular commissions, We agree to make a Supplemental Commission payment, in accordance with Section II above and Exhibit II, if Your Adjusted Loss Ratio is 54% or better for the current applicable three-year Experience Period.
The maximum ceding commission for the Contract Year is 30% (corresponding to an Adjusted Loss Ratio of 66% or better).
Any such Royalty Cap Payment may be taken into account by BMS to offset any payment of Adjusted Profit otherwise required to be made by BMS to ImClone pursuant to Section 2.2.1 or to increase ImClone’s share of Adjusted Loss payable by it to BMS; if not so offset or added by BMS, such payment shall be paid by ImClone within 30 days after receipt of an invoice from BMS for same.
If the Adjusted Loss Ratio is 65% or less, the adjusted commission rate for the Contract Year shall be 30.7%.
The maximum ceding commission for the Contract Year is 31.0% (corresponding to an Adjusted Loss Ratio of 64.0% or better).
If You have represented Us only during one Experience Period and are eligible for one-year Supplemental Commission payment under this agreement and Your Written Premium exceeds $200,000 in the Experience Period, Your three-year Supplemental Commission amount will be proportionally adjusted and You will be eligible to receive 0.333 times the three-year Supplemental Commission determined using Your Adjusted Loss Ratio for the Experience Period times the Applicable Percentage Factor from Exhibit II.