Loss Coverage definition

Loss Coverage means the number of months of estimated net charge-offs that the Organic Pool Allowance will cover as calculated by the Company under the Stress Case scenario, and in a form consistent with Exhibit C of the New Investor Investment Agreement.
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Loss Coverage means an eligible loss risk coverage provided by Guangdong Province pursuant to the terms of the RSF Manual in respect of loans for Food Safety Sub-projects originated and held by the relevant PFI(s) pursuant to Risk Sharing Agreements.
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Examples of Loss Coverage in a sentence

  • As to either Special Hazard Loss Coverage Amount, the point in time at which the related Special Hazard Loss Coverage Amount is reduced to zero.

  • Immediately upon the conveyance of the Initial Mortgage Loans referred to in the preceding paragraph, the Depositor sells, transfers, assigns, sets over and otherwise conveys to the Trustee for benefit of the Certificateholders, without recourse, all right title and interest in the Initial Mortgage Loans and causes the Seller to issue the Seller Loss Coverage Obligation in favor of the Trust pursuant to Section 2.08 hereof.

  • The obligation of the Seller to remit Enhancement Payments will terminate when the Seller Loss Coverage Amount has been reduced to zero.

  • In the event You selected and purchased the Consequential Loss Coverage option, as shown on the Declaration Page of this Agreement, We will provide coverage for the repair of a Covered Part if the failure of the Covered Part was caused by the action or inaction of a non-covered part.

  • Excess Loss Coverage may be rescinded, reformed or declined if employer provides false or misleading information.

  • The Sponsor, for the benefit of the Noteholders and the Credit Enhancer, agrees that it will pay the Sponsor Loss Coverage Obligation for any Payment Date as reflected in the applicable Servicing Certificate to the Indenture Trustee for deposit in the Payment Account no later than the Business Day before the Payment Date.

  • Once the Benefits amount paid from the Claims Account meets or exceeds the Stop-Loss Threshold, the Stop- Loss Coverage will begin to cover the subsequent costs for such Benefits for the remainder of the Plan Year.

  • CHL hereby agrees that, for the benefit of the Certificateholders and the Certificate Insurer, on the Business Day immediately preceding each Distribution Date it will remit to the Trustee for deposit into the Distribution Account the amount of any Loss Coverage Payment due for such Distribution Date as specified in the remittance report delivered by the Master Servicer.

  • The Indenture Trustee will, promptly upon receipt, deposit in the Payment Account and retain in it the aggregate amount remitted by the Master Servicer, any Sponsor Loss Coverage Amount paid to it by the Sponsor pursuant to the Sale and Servicing Agreement and any payments under the Loan Insurance Policy received from the Master Servicer pursuant to Section 6.15(c).

  • The obligation of CHL to remit Loss Coverage Payments will terminate when the Sponsor Loss Coverage Amount has been reduced to zero.

Related to Loss Coverage

  • Fraud Loss Coverage Amount As of the Closing Date, $4,743,244, subject to reduction from time to time by the aggregate amount of Fraud Losses that would have been previously allocated to the Subordinate Certificates in the absence of the Loss Allocation Limitation since the Cut-off Date. In addition, the Fraud Loss Coverage Amount will be reduced as follows:

  • Lot coverage means the percentage of lot area covered by all buildings on the lot;

  • Claims-made coverage means an insurance contract or provision limiting

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Fraud Coverage During the period prior to the first anniversary of the Cut-Off Date, 2.00% of the aggregate principal balance of the Mortgage Loans as of the Cut-Off Date (the "Initial Fraud Coverage"), reduced by Fraud Losses allocated to the Certificates since the Cut-Off Date; during the period from the first anniversary of the Cut-Off Date to (but not including) the fifth anniversary of the Cut-Off Date, the amount of the Fraud Coverage on the most recent previous anniversary of the Cut-Off Date (calculated in accordance with the second sentence of this paragraph) reduced by Fraud Losses allocated to the Certificates since such anniversary; and during the period on and after the fifth anniversary of the Cut-Off Date, zero. On each anniversary of the Cut-Off Date, the Fraud Coverage shall be reduced to the lesser of (i) on the first, second, third and fourth anniversaries of the Cut-Off Date, 1.00% of the aggregate principal balance of the Mortgage Loans as of the Due Date in the preceding month and (ii) the excess of the Initial Fraud Coverage over cumulative Fraud Losses allocated to the Certificates since the Cut-Off Date. The Fraud Coverage may be reduced upon written confirmation from the Rating Agencies that such reduction will not adversely affect the then current ratings assigned to the Certificates by the Rating Agencies.