Loss Pool definition

Loss Pool means five percent (5%) of the decrease, if any, in the Company's Fair Market Value from the end of the Plan Year immediately preceding the most recently completed Plan Year; provide, however, that for purposes of computing the Loss Pool, if any, for the Initial Period it shall mean five percent (5%) of the decrease, if any, of the Fair Market Value of the Company from June 30, 2000 (computed as if June 30, 2000 was the end of a Plan Year) through the end of the Initial Period.
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Examples of Loss Pool in a sentence

  • For the avoidance of doubt, no Loss Pool Account will be reduced to less than zero at any time.

  • If any Rent under any Lease financed or refinanced by a Discount Facility Loan shall remain unpaid for a period of ninety (90) days from the date when due, SPE shall prepay such Loan up to the Net Loss Pool in accordance with Section 8.4. No Prepayment Fee shall be payable in respect to a mandatory prepayment made pursuant to this Section 3.9.

  • The credit rating classifications shall be used to establish the quality of each Quarterly New Portfolio and to establish the applicable Loss Pool Credit for each Quarterly New Portfolio.

  • NFS and NMHG will establish (for notional purposes only) an initial Loss Pool Account (the “Initial Loss Pool Account”) for all Eligible US Fleet Rental Financing Accounts funded prior to January 1, 2008.

  • The Loss Pool Balance for all other Loss Pool Account shall be reduced by NFS and NMHG to the extent that after the calendar year in which the Loss Pool Account is established, the total Net Book Value of the Eligible US Fleet Rental Financing Accounts for such year becomes less than the Loss Pool Balance in such year’s Loss Pool Account.

  • The amounts paid to Lender by SPE pursuant to this paragraph shall not be charged against the Net Loss Pool.

  • Notwithstanding the foregoing, if the applicable Net Book Value exceeds the then existing applicable Loss Pool Balance, NMHG shall be required to pay only that portion of the applicable Net Book Value (the “Partial Net Book Value”) that does not exceed the then existing applicable Loss Pool Balance (unless NMHG, in its discretion, chooses to make a payment to NFS in excess of that balance).

  • In connection with the remarketing of Equipment subject to a defaulted Lease, the proceeds of any such Remarketing efforts, less Seller's fees and costs, shall be remitted to Purchaser and credited 100% to the Reserve Loss Pool.

  • The Loss Pool Balance for all other Loss Pool Account shall be reduced by HYGFS and Hyster-Yale to the extent that after the calendar year in which the Loss Pool Account is established, the total Net Book Value of the Eligible US Fleet Rental Financing Accounts for such year becomes less than the Loss Pool Balance in such year’s Loss Pool Account.

  • Provider will be notified at least 20 days in advance of any changes in the Stop Loss Pool or other Risk Sharing-type Pool.

Related to Loss Pool

  • Loss Percentage means on any day the greater of (i) one and one-half (1.5) times the Loss Horizon as of such day and (ii) 20%.

  • Loss Proceeds means insurance proceeds, condemnation awards or other compensation, awards, damages and other payments or relief (exclusive, in each case, of the proceeds of liability insurance and business interruption insurance and other payments for interruption of operations) with respect to any Event of Loss.

  • Class A Loss Percentage As to any Determination Date and any Class of Class A Certificates (other than the Class A-PO Certificates) then outstanding, the percentage calculated by dividing the Principal Balance of such Class by the Class A Loss Denominator (determined without regard to any such Principal Balance of any Class of Class A Certificates not then outstanding), in each case determined as of the preceding Determination Date.

  • Loss Price means the loss component of the Locational Marginal Price, which is the effect on transmission loss costs (whether positive or negative) associated with increasing the output of a generation resource or decreasing the consumption by a Demand Resource based on the effect of increased generation from or consumption by the resource on transmission losses, calculated as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.