Examples of Loss Allocation Limitation in a sentence
Special Hazard Loss Coverage Amount: With respect to any Distribution Date and $14,260,971, less (i) the aggregate amount of Special Hazard Losses that would have been previously allocated to the Subordinate Certificates in the absence of the Loss Allocation Limitation and (ii) the Adjustment Amount as of the most recent anniversary of August 1, 2003.
Plaintiff have complied with all applicable provisions of the insurance contract, including payment of the premiums in exchange for coverage under the insurance contract, and yet Farmers has abrogated its insurance coverage obligations.
Special Hazard Loss Coverage Amount: With respect to any Distribution Date, $3,542,398 less (i) the aggregate amount of Special Hazard Losses that would have been previously allocated to the Subordinate Certificates (other than the Class B-1-X Certificates) in the absence of the Loss Allocation Limitation and (ii) the Adjustment Amount as of the most recent anniversary of the Cut-off Date.