Loss Condition definition

Loss Condition means both (A) the sum of the Reference Entity Notional Amounts for the Reference Entities the subject of the Event Determination Date(s), Credit Event(s), Potential Failure to Pay or Potential Repudiation/Moratorium, as the case may be, and the Aggregate Loss Determination Amount as at the Scheduled Termination Date is greater than the Threshold Amount, and (B) the Outstanding Tranche Notional Amount as at the Scheduled Termination Date is greater than zero.
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Examples of Loss Condition in a sentence

  • If, as a result of any Appraisal completed during the Terrorism Insurance Period after the Coverage Loss Condition Appraisal there is a change in the Repayment Amount (the “Revised Appraised Amount”), then Borrower shall have five (5) Business Days from the date it receives notice from Agent of the Revised Appraised Amount to comply with the requirements of clause (i) or (ii) above, as Borrower may elect, with respect to the Revised Appraised Amount.

  • Owned by others and in your care, custody or control except as otherwise provided in Loss Payment Property Loss Condition E.5.d.(3)(b).

  • A demand for appraisal shall not relieve the Insured of its continuing obligation to comply with the terms and conditions of this Policy, including as provided under the Notice of Loss Condition.

  • Under BUSINESS AUTO CONDITIONS, the Loss Condition entitled Transfer Of Rights Of Recovery Against Others To Us is amended to add the following: We waive any right of recovery we may have, because of payments we make for injury or damage, against any person or organization for whom or which you are required by written contract or agreement to obtain this waiver from us.

  • Borrowers shall not permit there to occur or exist any Stop Loss Condition.

  • Subject to the Discovery of Loss Condition, DOAS will pay for loss that you sustain through acts committed or events occurring at any time and discovered by you during the Policy Period.