First Loss definition

First Loss means any deductible referred to or defined in the Policy or any similar first loss or deduction established by the Insurer.

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First Loss position means that in the event of a reduction (loss) in the fund’s capital base, the government investor agrees to take their loss first.

First Loss. NET LOSS POOL" ("NLP') as of beginning of the above statement period ("Period').

Examples of First Loss in a sentence

• If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B.

• The First Loss Tranche shall be determined by adding (i) the asset premium (discount) bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment.

• If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing and loss sharing shall commence immediately.

• If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.

• If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Institution by the end of the first business day following Bank Closing, together with interest determined in accordance with Section 8.4, and loss sharing shall commence immediately.

• If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared-Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Institution will incur before loss-sharing commences under Exhibits 4.15A and 4.15B.

• If the First Loss Tranche is a positive number, then this is the Losses on Single Family Shared- Loss Loans and Net Charge-offs on Shared Loss Assets that the Assuming Bank will incur before loss-sharing commences under Exhibits 4.15A and 4.15B.

• The First Loss Tranche shall be determined by adding (i) the asset discount bid, (ii) the Deposit premium bid, and (iii) the Equity Adjustment.

• If the First Loss Tranche is a negative number, the Corporation shall pay such amount by wire transfer to the Assuming Bank by the end of the first business day following Bank Closing, plus interest in accordance with Section 8.4, and loss sharing shall commence immediately.

• The PFI CE obligation is equal to the total Credit Enhancement less the First Loss Account (“FLA”), subject, however, to a minimum PFI CE obligation as stated in the Master Commitment.

More Definitions of First Loss

First Loss means the product of the amount of insurable sugar of an insured for an event year and the first loss percentage set out in the third column of the Second Schedule opposite the ranking assigned to the insured;

First Loss means the deductible as referred to or defined in the Policy or any similar first loss of deduction established by the Insurer.

First Loss. As specified in a Customer Limit Advice issued in respect of the relevant Customer. If no First Loss is specified in the Customer Limit Advice, the First Loss of such Customer will be “Nil”. We may in our own name take out credit insurance and/or appoint Correspondent Factor(s) to collect payment of the Debts.

First Loss means, in relation to a Debt of a Customer, the amount, if any, specified as such in the Customer Limit Advice in respect of that Customer;

First Loss. (Applicable to a Non-Recourse Factoring Facility only) The amount of a Covered Debt for which Barclays will not accept the Credit Risk.

First Loss means, in the event of a claim, the Assured agrees to accept an amount less than the full value of lost or damaged Subject-matter insured and, in return, the Insurer agrees to not penalize the Insured for under- insuring the Subject-matter insured.