Annual Loss definition

Annual Loss is defined as any annual reporting period in which earnings, calculated using U.S. Generally Accepted Accounting Principles, fail to be positive after adjustments, as determined by the Administrator, for certain items that have an accounting or financial impact.
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Annual Loss means the result of the cooperative’s activities as shown by the Account of Profits and Losses at the end of the fiscal year when expenses and losses exceed profits.
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Annual Loss means, as of each fiscal year end, the after-tax net loss from continuing operations during such fiscal year, including extraordinary losses but excluding extraordinary gains, as determined in accordance with GAAP.”
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Examples of Annual Loss in a sentence

  • The Average Annual Loss shall be calculated using the results generated by the Catastrophe Model, using input data provided by the Company for subject business in force at October 1, 2010.

  • The percentage calculated by dividing (a) the actual Average Annual Loss ("AAL") determined by the Company's wind insurance in force on September 30, 2016, by (b) the original AAL of the amount, shown as "AAL" for that excess layer in Schedule A attached hereto.

  • If the Average Annual Loss of the applicable Projected Exposure Data is less than the Average Annual Loss of the applicable Exposure Data, then the Updated Projected Exposure Data will be the Updated Exposure Data.

  • The percentage calculated by dividing (a) the actual Average Annual Loss ("AAL") determined by the Company's wind insurance in force on September 30, 2015, by (b) the original AAL of $23,459,602.

  • The Reset Agent will also compute the Average Annual Loss using the applicable Updated Data for such Annual Risk Period.

  • Upon receipt by the Reset Agent of an Event Notice from the Ceding Insurer and, within fifteen (15) Business Days after the submission of such Event Notice, the applicable data meeting the Data Criteria from the Ceding Insurer required to calculate the Average Annual Loss for such Covered Event, the Reinsurer shall cause the Reset Agent to calculate the Growth Limitation Factor and deliver a Growth Limitation Factor Calculation Report to the Reinsurer and the Ceding Insurer.

  • The Reset Agent will also confirm the Average Annual Loss of the Updated Projected Exposure Data is not less than the Average Annual Loss of the applicable Updated Exposure Data.

  • The Company shall pay to the Subscribing Reinsurer a premium equal to the product of the Average Annual Loss multiplied by 3.5531, subject to a minimum premium of $10,080,000 (or a pro rata portion thereof in the event this Contract is terminated prior to January 1, 2011).

  • The percentage calculated by dividing (a) the actual Average Annual Loss ("AAL") determined by the Company's wind insurance in force on September 30, 2017, by (b) the original AAL of the amount, shown as "AAL" for that excess layer in Schedule A attached hereto.

  • The Company shall pay to the Subscribing Reinsurer a premium equal to the product of the Average Annual Loss multiplied by 4.0568, subject to a minimum premium of $8,400,000 (or a pro rata portion thereof in the event this Contract is terminated prior to January 1, 2011).