Excepted Loss definition

Excepted Loss and “Excepted Losses” shall have the meaning given those terms in Section 10.6.
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Excepted Loss and “Excepted Losses”
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Examples of Excepted Loss in a sentence

  • If the prepayment shall occur prior to the date of the Basic Loans, the Commitments shall be permanently reduced, pro rata as amongst the Lenders in accordance with their Pro Rata Shares, in an aggregate amount equal to the amount of Collateral Loss Net Proceeds (other than Excepted Loss Proceeds) so received and applied to the payment of principal.

Related to Excepted Loss

  • Excluded Loss means any:

  • Casualty Loss means, with respect to any item of Equipment, the loss, theft, damage beyond repair or governmental condemnation or seizure of such item of Equipment.

  • Covered Loss or “Covered Losses” means an accidental death, dismemberment, or other Injury covered under the Policy.

  • Permitted Leakage means any of the following:

  • Significant deficiency means a shortcoming in the system that materially affects the ability of officials of the Department of Defense to rely upon information produced by the system that is needed for management purposes.