Pool Losses definition

Pool Losses means, for any Reporting Period, an amount equal to the amounts that became Defaulted Amounts during such Reporting Period (other than the amount of any reductions referred to in the proviso at the end of the definition of “Card Income”) less any Recoveries received in such Reporting Period (which amount may be a negative amount).
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Pool Losses means, with respect to a period of days, the amount, if any, by which the aggregate of all amounts that became Written-Off Amounts during the period exceeds the sum of Credit Charge Receivables and Recoveries for the period;
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Pool Losses means, in respect of any Settlement Period, (i) the aggregate amounts that become Charged-Off Amounts during such Settlement Period; less (ii) the aggregate amount of Recoveries received by the Servicer during such Settlement Period.
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Examples of Pool Losses in a sentence

  • In the event any claim under the ITA made with respect of Restricted Pool Losses is denied by the Canada Revenue Agency (other than as a result of actions taken by HCo at or after the Effective Time), New Hydrogenics shall, forthwith upon receipt of notice from HCo (which notice shall attach copies of any assessments or reassessments from the Canada Revenue Agency in respect thereof) refund any payment by HCo in respect of such Restricted Pool Losses previously made.

  • In connection therewith, on or before April 30 of the following year if any of the Restricted Pool Losses have been used, HCo shall provide to New Hydrogenics a certificate of the Chief Financial Officer of HCo advising that a portion of the Restricted Pool Losses have been used and attaching the relevant pages of the applicable Tax Returns, together with payment, if any, of the amounts determined, and payable to New Hydrogenics, under this Section 2.4 (the “Post Closing Amount”).


More Definitions of Pool Losses

Pool Losses. ’ means, for any Reporting Period, an amount equal to the amounts that became Defaulted Amounts during such Reporting Period (other than the amount of any reductions referred to in the proviso at the end of the definition of ‘‘Card Income’’) less any Recoveries received in such Reporting Period (which amount may be a negative amount).
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