Operational Losses definition
Operational Losses shall have the meaning set forth in Section 2.1.
Operational Losses shall have the meaning specified in Section 11(f).
Operational Losses means any operational losses incurred by the management and/or operation of the Covered Assets and/or the NCL Unit, including, without limitation, losses in connection with operational process errors, IT losses, fraud, HR issues or any other category covered in operational risk.
Examples of Operational Losses in a sentence
With respect to all other Operational Losses not covered by clauses (i) and (ii) (including the proviso) above, the Custodian shall take appropriate action to recover such Operational Losses from the applicable Subcustodian and the Custodian’s sole liability shall be limited to amounts recovered from such Subcustodian (exclusive of reasonable costs and expenses incurred by the Custodian).
More Definitions of Operational Losses
Operational Losses means when 90% of Net Sales less all relevant costs are negative. “Other Costs” means any other costs of operation for the Services shall be borne by Company.
Operational Losses means all Losses of the Company other than Capital Event Losses.
Operational Losses has the meaning set forth in Section 27.