Anticipated Loss definition
Examples of Anticipated Loss in a sentence
As a part of each Award made pursuant to this Agreement, the arbitrator shall allow interest thereon (other than on the portion of the Award representing attorneys' fees, disbursements and costs) from the date of the Loss or the date the Anticipated Loss becomes a Loss to the date of payment at the rate of 10% per annum.
If at any time ▇▇▇▇▇ shall claim indemnification from nStor for any Loss or, in the reasonable judgment of ▇▇▇▇▇, for what, in the future, may result in a Loss ("Anticipated Loss") due to the filing, at or before the time of such claim, of an action, claim or suit with an arbitrator, mediator, court or other governmental entity ("Claim"), then ▇▇▇▇▇ shall send written notice of the same (a "Notice of Claim") to nStor.
In the event the parties have submitted a Claim for an Anticipated Loss to arbitration under this Section 12(b)(iii), then the arbitrator may, in its sole discretion, postpone resolution of the Claim until the time which it has determined, in its sole discretion, to be the time when such Anticipated Loss shall have occurred or passed has been reached.
In the event the parties have submitted a Claim for an Anticipated Loss to arbitration under this Section 13(b)(iii), then the arbitrator may, in its sole discretion, postpone resolution of the Claim until the time which it has determined, in its sole discretion, to be the time when such Anticipated Loss shall have occurred or passed has been reached.
In the event the parties have submitted a Claim for an Anticipated Loss to arbitration under this Section 6 then the arbitrators may, in their sole discretion, postpone resolution of the Claim until the time which they have determined, in their sole discretion, to be the time when such Anticipated Loss shall have occurred or passed.
Anticipated Loss means, in connection with a Claim, an amount equal to the Company's cost of paying the full Claim Amount calculated in accordance with Section V., B., less the amount the Company reasonably anticipates receiving as net proceeds of the sale of the Property, subtracting also from such proceeds all anticipated costs of the sale and holding costs, but in any event, such amount shall never be greater than the Loss calculated under the Percentage Option in accordance with Section V., C., 2.
As a part of each Award made pursuant to this Agreement, the arbitrators shall allow interest thereon (other than on the portion of the Award representing attorneys' fees, disbursements and costs) from the date of the Loss or the date the Anticipated Loss becomes a Loss to the date of payment at the rate of 10% per annum.