Loss Percentage definition
Examples of Loss Percentage in a sentence
Each Fund involved in an insured loss which involves another Fund shall receive a portion of the proceeds from the Bond equal to the lesser of (i) the amount of that Fund’s loss or (ii) an amount equal to the product of the Bond Amount multiplied by that Fund’s Loss Percentage, which initial allocation assures that each Fund shall receive the full amount of its loss up to the amount of its Basic Coverage.
Trigger Event: Will be in effect on any Payment Date on or after the Stepdown Date on which either (i) the Two Payment-Plus Rolling Average for such Payment Date equals or exceeds 11.50%, or (ii) the Cumulative Loss Percentage for such Payment Date exceeds the Cumulative Loss Percentage Trigger for such Payment Date.
Each Fund involved in an insured loss which involves another Fund shall receive a portion of the proceeds from the Bond equal to the lesser of (i) the amount of that Fund's loss or (ii) an amount equal to the product of the Bond Amount multiplied by that Fund's Loss Percentage, which initial allocation assures that each Fund shall receive the full amount of its loss up to the amount of its Basic Coverage.
If pursuant to clause (i) of the definition of the Servicer Termination Test, the Realized Loss Percentage exceeds the percentages set forth in the table included in such definition, the Master Servicer shall report such failure on the part of the Servicer to Certificateholders in its monthly statement.
From time to time, the Management Committee may admit one or more new Members of the Company on such terms and conditions as the Management Committee shall approve, including, without limitation, the amount of capital to be contributed by a new Member, the Profit and Loss Percentage of such new Member, and the effect thereof on the Profit and Loss Percentages of the existing Members.