Extraordinary Losses definition

Extraordinary Losses. Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event.

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Extraordinary Losses. Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event. Fannie Mae: Federal National Mortgage Association, a federally chartered and privately o▇▇▇▇ ▇orporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. FDIC: Federal Deposit Insurance Corporation or any successor thereto.

Extraordinary Losses. Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event. ▇▇▇▇▇▇ Mae: Federal National Mortgage Association, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. FDIC: Federal Deposit Insurance Corporation or any successor thereto.

Examples of Extraordinary Losses in a sentence

• After payment of costs related to Credit Monitoring services, the Settlement Administrator will next allocate payments for valid claims for Compensation for Ordinary Losses (as described in Paragraph 28(a)), Compensation for Lost Time (as described in Paragraph 28(b)), and Compensation for Extraordinary Losses (as described in Paragraph 28(c)).

• Within forty-five (45) days of receiving this accounting, Defendant or its representative shall transmit the funds needed to pay Approved Claims for Credit Monitoring Services, Ordinary Losses, Lost Time, or Extraordinary Losses in accordance with the terms of this Agreement.

• In the alternative to a claim for Ordinary Losses and Lost Time, Extraordinary Losses, and/or Credit Monitoring, Settlement Class Members can elect a $50.00 Alternative Cash Payment.

• After the Effective Date, and after final determinations have been made with respect to all claims submitted during the Claims Period pursuant to the Claims Review Process, the Settlement Administrator shall provide the Parties an accounting of all Approved Claims for Credit Monitoring Services, Ordinary Losses, Lost Time, or Extraordinary Losses and also provide funding instructions to Defendant.

• Defendant will pay Approved Claims for Credit Monitoring Services, Extraordinary Losses, Ordinary Loss, Lost Time or an Alternative Cash Payment as described below.

More Definitions of Extraordinary Losses

Extraordinary Losses. Any loss incurred on a Mortgage Loan in Loan Group II, caused by or resulting from an Extraordinary Event.

Extraordinary Losses means the amount ascribed to such term in the Income Statement.

Extraordinary Losses. Any Realized Loss incurred on a Mortgage Loan, to the extent that the loss was attributable to physical damage to a Mortgaged Property of a type excluded from coverage under the Special Hazard Insurance Policy, as specified therein under "II.

Extraordinary Losses means monetary losses that meet the following conditions: (i) The loss is an actual, documented and unreimbursed monetary loss caused by (A) misuse of the Settlement Class Member’s Private Information or (B) fraud associated with the Settlement Class Member’s Private Information; (ii) The loss noted in 11.i.(A) or 11.i.(B) was more likely than not caused by the Data Incident; (iii) The loss occurred between February 15, 2023, and the Claims deadline; and (iv) The loss is not already covered by the Ordinary Loss or Lost Time categories and the Settlement Class Member made reasonable efforts to avoid, or seek reimbursement for, the loss, including but not limited to exhaustion of all of the Settlement Class Member’s credit monitoring insurance and identity theft insurance. The maximum amount any one claimant may recover under this claim is $3,500.

Extraordinary Losses means for any period any extraordinary losses determined in accordance with GAAP.

Extraordinary Losses means documented monetary loss that arises from financial fraud or identity theft and that (1) is an actual, documented, and unreimbursed monetary loss; (2) is more likely than not caused by the Data Security Incident; (3) occurred during the period from February 2023, through and including the end of the applicable claims period; and (4) is not already covered as an “Ordinary Loss” as described below. In order to receive compensation for Extraordinary Losses, the Settlement Class Member must also provide documentation that he or she made reasonable efforts to avoid, or seek reimbursement for, the losses, including but not limited to exhaustion of all available credit monitoring insurance and identity theft insurance.

Extraordinary Losses means unreimbursed costs or expenditures (other than Ordinary Losses) incurred by a Class Member and fairly traceable to the Data Incident. Extraordinary Losses include, without limitation, the unreimbursed costs, expenses, losses or charges incurred a result of identity theft or identity fraud, falsified tax returns, or other possible misuse of information compromised in the Data Incident, and including accountant’s fees related to any credit freezes. The Settlement Fund will pay all valid claims for reimbursement of Extraordinary Losses in the amounts and limits set forth under Extraordinary Loss Payments on the Key Terms Page.