Calculation Losses definition

Calculation Losses means any losses suffered by a Contractowner, Third Party Administrator, Fund or Separate Account directly caused by an error in a Net Asset Value or Unit Value, or by the delivery to Lincoln Life or any Fund of a Net Asset Value or Unit Value after the applicable deadline provided for in Section 2.1; provided, however, that such losses shall not include any consequential damages.
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Examples of Calculation Losses in a sentence

  • Notwithstanding Section 7.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, Separate Account or Fund for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 7.2(a) and (b).

  • Notwithstanding ---------------------------------------------------- Section 7.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, Separate Account or Fund for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 7.2(a) and (b).

  • Notwithstanding Section 6.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator or Separate Account for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 6.2(a) and (b).

  • Notwithstanding section 7.2(c), Lincoln Life may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, Separate Account or Fund for Calculation Losses out of Lincoln Life's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 7.2(a) and (b).

  • Notwithstanding Section 6.2(c), LNY may in its sole discretion elect to reimburse a Contractowner, Third Party Administrator, or Separate Account for Calculation Losses out of LNY's own funds and such reimbursement shall have no effect on the respective indemnification obligations of the parties pursuant to Section 6.2(a) and (b).

Related to Calculation Losses

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • 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.

  • REMIC 2 Interest Loss Allocation Amount With respect to any Distribution Date, an amount equal to (a) the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and related REO Properties then outstanding and (ii) the Uncertificated REMIC 2 Pass-Through Rate for REMIC 2 Regular Interest LTAA minus the Marker Rate, divided by (b) 12.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.