Aggregate Loss Limit definition

Aggregate Loss Limit means the Total Initial Principal Balance multiplied by the Aggregate Loss Percentage, which dollar limit shall be specified on the Declarations Page of this Policy.
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Aggregate Loss Limit means the aggregate maximum amounts of claims admissible under the policy and shall be the amount specified as such in the Schedule subject to any enhancement thereof by an endorsement attached to the policy.
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Aggregate Loss Limit means the Aggregate Loss Percentage of the aggregate principal balance of the Mortgage Loans as of the Cut-off Date.
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Examples of Aggregate Loss Limit in a sentence

  • Subject to the exhaustion of the Deductible Amount and the Aggregate Loss Limit contained in Condition 7F below, in lieu of paying the loss determined by the computation in Condition 7C above, the Company may, at its option, pay the Insured the total of the amounts under clauses (1), (2) and (3) of Condition 7C above.

  • If, at the time of your application for issue or renewal of a Policy (including any enhancement in Aggregate Loss Limit) or at the time of your receipt of our approval for the Policy thereof, any payment due to you from any Insured Buyers is remaining overdue and unpaid; such approval of issuance or renewal of Policy on such buyer shall be deemed void and ineffective ab initio.

  • When the aggregate Losses paid by the Company under this Policy reach an amount equal to the Aggregate Loss Limit, the liability of the Company to pay any additional claims for loss ceases.

  • The Insured shall be solely responsible for any losses exceeding the Aggregate Loss Limit, unless and until the Aggregate Losses are reduced below the Aggregate Loss Limit.

  • Notwithstanding any other provision of this Policy to the contrary, the Company shall have no liability to pay any Insurance Benefit once the Aggregate Losses paid by the Company equal the Aggregate Loss Limit.

  • Aggregate Loss Limit: $60,438,474.37 Deductible Percentage: 3.25%.

  • The Aggregate Loss Limit is subject to reduction pursuant to Section 1.8 (Aggregate Loss Limit Step Down).

  • This file is used to provide the Insured with loan level information necessary to periodically reconcile with the Company the Covered Loans insured under this Policy at a point in time, including, but not limited to if applicable, the remaining Covered Loan population, the remaining Deductible Amount, the remaining Aggregate Loss Limit, and the Aggregate Loss Limit Step Down.

  • The Aggregate Loss Limit of ECGC for payment of claims under the Policy for losses suffered by the Insured in respect of any part of the Insured Loss remaining unpaid or unrealized owing to the occurrence of any of the Insured Risks during the Policy Period shall not under any circumstances exceed the amount specified in the Schedule as the Aggregate Loss Limit.

  • If an Aggregate Loss Limit is applicable per the Declarations Page, this Policy will automatically terminate on the last day of the month in which the Aggregate Loss Limit is reached.


More Definitions of Aggregate Loss Limit

Aggregate Loss Limit means [*]% of the Purchase Price.
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Aggregate Loss Limit means the maximum amount payable by You net of GST and net of any Excess applicable shown in the Policy Schedule, arising out of all Claims Incurred during the Period of Insurance.
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Related to Aggregate Loss Limit

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Aggregate Cap means (x) with respect to any four fiscal quarter period through and including the four fiscal quarter period ended after the consummation of the Empire Acquisition, 20% and (y) thereafter, 15%, in each case, of Consolidated EBITDA for the relevant Test Period (calculated prior to giving effect to any add-backs subject to the Aggregate Cap).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.