Anticipated Losses definition

Anticipated Losses means, on any Notes Calculation Date, in respect of a Portfolio Loan and the Loan Receivable resulting from such Portfolio Loan, (i) 100 per cent. of the Outstanding Principal Amount of such Loan Receivable in the event that (a) foreclosure proceedings in respect of the Loan Receivable have commenced, (b) the relevant Borrower has been declared bankrupt or has been granted (provisional) suspension of payments or has entered into debt restructuring measures for private individuals (schuldsaneringsregeling natuurlijke personen), or (c) an amount equal to the monthly instalment multiplied by twelve (12) is due but unpaid, and (ii) 50 per cent. of the Outstanding Principal Amount of such Loan Receivable in the event that the events under (i) have not occurred, but an amount equal to or higher than the monthly instalment multiplied by four (4) is due but unpaid; and
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Anticipated Losses shall have the meaning assigned to it in Section 8.6(b).
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Examples of Anticipated Losses in a sentence

  • See Note 5 to the financial statements and "Investment Considerations--History of Operating Losses; Accumulated Deficits; Anticipated Losses and Negative Cash Flow." RESULTS OF OPERATIONS Net Revenues.

  • Except with respect to a matter previously asserted in a Reasonably Anticipated Losses Officer’s Certificate, no claims may be asserted against the Escrow Fund after the Survival Date.

  • As soon as all such claims have been resolved, the Escrow Agent shall deliver to the Stockholders the remaining portion of the Escrow Fund, if any, not required to satisfy the Losses identified in any unresolved Officer’s Certificate or amounts identified in the Reasonably Anticipated Losses Certificate.

  • Upon resolution of a matter or claim contained in any Reasonably Anticipated Losses Officer’s Certificate, Parent shall promptly (and in any event, within 10 days) deliver a subsequent Officer’s Certificate to the Stockholder Representative and the Escrow Agent in respect of such matter or claims in accordance with the terms herein or shall withdraw its claim in respect of such matter or claim and direct the Escrow Agent to distribute the applicable amount to the Stockholders.

  • On each Holdback Payment Date, Surviving Corporation may suspend the transfer of an amount of shares of Parent Common Stock remaining under the Holdback equal in value to the subject Survivor Losses and/or Anticipated Losses (any such loss, a "Subject Payment Obligation").

  • For the avoidance of doubt, any failure to object to (or acceptance of) any Reasonably Anticipated Losses Officer’s Certificate shall in no way preclude, limit or otherwise affect the ability of the Stockholder Representative to object to any item in any Officer’s Certificate (whether or not such Officer’s Certificate is validly delivered subsequent to and related to the claims set forth in any such Reasonably Anticipated Losses Officer’s Certificate).

  • Surviving Corporation shall, concurrently with the filing of an Indemnification Notice, provide written notice to Shareholders specifying (i) the realized Survivor Losses and Anticipated Losses, (ii) the basis therefor, and (iii) the amounts of shares suspended (or to be suspended) from the Holdback as a result thereof.

  • The decision of the arbitrator or a majority of the three arbitrators, as the case may be, as to the validity and amount of any claim in such Officer’s Certificate or the reasonableness of any Reasonably Anticipated Losses Officer’s Certificate shall be final, binding, and conclusive upon the parties to this Agreement.

  • Each of the Holder Representative and Parent will be entitled to present whatever evidence it believes is relevant and probative as to Anticipated Losses.

  • CHSI, or its IRO on behalf of CHSI, may submit proposals identifying suggestions for the subset(s) of Paid Claims to be reviewed and the CHSI facilities to be reviewed at least 90 days prior to the end of each Reporting Period.

Related to Anticipated Losses

  • Tax-Related Losses means (i) all federal, state, local and foreign Taxes (including interest and penalties thereon) imposed (or that would be imposed) pursuant to any settlement, Final Determination, judgment or otherwise, (ii) all accounting, legal and other professional fees, and court costs incurred in connection therewith, and (iii) all costs, expenses and damages associated with stockholder litigation or controversies and any amount paid by Parent (or any Parent Affiliate) or SpinCo (or any SpinCo Affiliate) in respect of the liability of shareholders, whether paid to shareholders or to the IRS or any other Tax Authority, in the case of each of clauses (i) through (iii), resulting from the failure of the Internal Distribution, the Contribution or the Distribution to have Tax-Free Status.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Unrealized losses means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).