Maximum Loss Amount definition

Maximum Loss Amount means the sum of the Reference Entity Notional Amounts in respect of each Outstanding Credit Event Reference Entity.
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Maximum Loss Amount means, in respect of each Index Business Day, an amount in USD determined by the Calculation Agent equal to 20 per cent. of the Notional Amount. A "Minimum Threshold Event" shall occur on any Index Business Day (for the purpose of determining whether a Minimum Threshold Event has occurred on such Index Business Day, the "Relevant Day") if, in the sole discretion of the Calculation Agent, the Swap Value (calculated using the Index Closing Level in respect of such Relevant Day) is less than or equal to (a) the Risk Buffer Amount minus (b) the Maximum Loss Amount (calculated using the Index Closing Level in respect of such Relevant Day).
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Maximum Loss Amount means the maximum monetary amount of a single Loss or aggregate Losses that may be submitted for a Pool Members to compensate.
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Examples of Maximum Loss Amount in a sentence

  • On the Fifth Anniversary, there shall become due and payable hereunder a portion of the then-outstanding Principal Balance equal to the positive excess, if any, of (a) the outstanding Principal Balance hereunder on such Fifth Anniversary minus (b) the Aggregate 90% Maximum Loss Amount as of the Fifth Anniversary (as set forth in the Defaulted/Troubled Loan Notice referred to below).

  • Maximum Loss Amount means the product of: (a) the sum of the Reference Entity Notional Amounts in respect of each Outstanding Credit Event Reference Entity; and (b) 70 per cent.

  • At any time, the lower of (a) the Outstanding Component Notional Amount of the Mezzanine Component and (b) the greater of (i) the product of (1) (A) the Maximum Loss Amount of the Mezzanine Component less (B) the Remaining Subordination and (2) the Transaction Percentage of the Mezzanine Component and (ii) zero.

  • For purposes hereof, Purchaser agrees that unless the total aggregate damages incurred by Purchaser exceed TWENTY THOUSAND AND NO/100 DOLLARS ($20,000.00) (the “Floor”), Purchaser shall not make any claim against Seller in connection therewith and Seller shall have no liability in connection therewith, but for the avoidance of doubt, in the event damages exceed the Floor, Seller’s liability shall extend to the entire amount of Purchaser’s damages (not to exceed the Maximum Loss Amount).

  • Once the total losses exceed the Maximum Loss Amount, JJVC shall have the right (“Indemnity Put Option”) to require YHB to purchase the JJVC Shares (“Indemnity Put Shares”) on the terms and conditions set out in this paragraph 3 of this Appendix IV.

  • Once the total losses exceed the Maximum Loss Amount, YHB shall provide written notification (“ Total Losses Notification”) to both YP(WA)PL and JJVC.


More Definitions of Maximum Loss Amount

Maximum Loss Amount means, in respect of a Defaulted Reference Obligation, an amount equal to:
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Maximum Loss Amount with respect to a Specified D/T Loan means the maximum potential Credit Loss in respect of such loan assuming no further payments on or recoveries in respect of such loan after the Fifth Anniversary.
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Related to Maximum Loss Amount

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Applied Loss Amount With respect to any Distribution Date, the amount, if any, by which (x) the aggregate Certificate Principal Amount of the Certificates after giving effect to all Realized Losses incurred with respect to the Mortgage Loans during the related Collection Period and distributions of principal on such Distribution Date, but before giving effect to any application of the Applied Loss Amount with respect to such date, exceeds (y) the Pool Balance for such Distribution Date.

  • Loss Amount means the dollar amount of loss incurred and reported on the Monthly Certificate for a Shared-Loss Loan.

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Shared-Loss Amount has the meaning provided in Section 2.1(b)(i) of this Commercial Shared-Loss Agreement.

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Applied Realized Loss Amount With respect to any Distribution Date, the amount, if any, by which, the sum of (i) the Aggregate Certificate Principal Balance and (ii) the Class C Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Liquidation Loss Amount With respect to any Payment Date and any Mortgage Loan that became a Liquidated Mortgage Loan during the related Collection Period, the unrecovered portion of the Principal Balance of such Mortgage Loan and any unpaid accrued interest thereon at the end of such Collection Period, after giving effect to the Net Liquidation Proceeds applied in reduction of such Principal Balance.

  • Principal Loss Amount With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Credit Event Reference Obligations for the related Reporting Period; (b) the aggregate amount of court-approved principal reductions (“cramdowns”) on the Reference Obligations in the related Reporting Period; (c) subsequent losses on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; and (d) amounts included in the second, fourth, seventh, eighth and tenth priorities set forth in Section 3.03(f) hereof.

  • Cumulative Shared-Loss Amount means the excess, if any, of the Cumulative Loss Amount over the First Loss Tranche.

  • Writedown Amount The reduction described in Section 5.03(c).

  • Modification Loss Amount With respect to each Payment Date, the excess, if any, of the aggregate Modification Shortfall over the aggregate Modification Excess for such Payment Date.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Daily Maximum Cash Amount means, with respect to the conversion of any Note, the quotient obtained by dividing (A) the Specified Dollar Amount applicable to such conversion by (B) forty (40).

  • Class C Unpaid Realized Loss Amount As of any Distribution Date, the excess of (1) the Class C Applied Realized Loss Amount over (2) the sum of (x) all distributions in reduction of the Class C Unpaid Realized Loss Amounts on all previous Distribution Dates and (y) all increases in the Certificate Principal Balance of such Class C Certificates pursuant to the last sentence of the definition of "Certificate Principal Balance."

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.