{"component": "definition", "props": {"groups": [{"size": 10, "samples": [{"hash": "lS1Wl3EuKST", "uri": "/contracts/lS1Wl3EuKST#probable-maximum-loss", "label": "Credit Agreement (Safepoint Holdings, Inc.)", "score": 37.34770705, "published": true}, {"hash": "ipyxlck7CVw", "uri": "/contracts/ipyxlck7CVw#probable-maximum-loss", "label": "Credit Agreement (Safepoint Holdings, Inc.)", "score": 37.34770705, "published": true}, {"hash": "i322uPE9Kq7", "uri": "/contracts/i322uPE9Kq7#probable-maximum-loss", "label": "Credit Agreement (Safepoint Holdings, Inc.)", "score": 37.34770705, "published": true}], "snippet_links": [{"key": "applicable-insurance-regulatory-authority", "type": "definition", "offset": [53, 94]}], "snippet": "shall have the meaning specified and as used by each applicable Insurance Regulatory Authority.", "hash": "2cff53513f38ed3bf3609b6806f5c533", "id": 1}, {"size": 5, "samples": [{"hash": "4DDlV8tKb0k", "uri": "https://links.sgx.com/FileOpen/Acquisition_and_Right_Issue_Announcement.ashx?App=ArchiveAnnouncement&FileID=371076&AnncID=Y5YTBXTONC31MAFS", "label": "links.sgx.com", "score": 7.8692674637, "published": false}, {"hash": "6mBb1SMHkXZ", "uri": "https://links.sgx.com/FileOpen/Croesus_Retail_Trust_-_OIS_dated_6_October_2015.ashx?App=Prospectus&FileID=27320", "label": "links.sgx.com", "score": 5.8802189827, "published": false}, {"hash": "98SpqEt5fAB", "uri": "https://links.sgx.com/FileOpen/CRT_Acquisitions_of_Mallage_Saga_and_Feeeal_Asahikawa.ashx?App=Announcement&FileID=404626", "label": "links.sgx.com", "score": 4.1813826561, "published": false}], "snippet_links": [{"key": "service-life", "type": "definition", "offset": [191, 203]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [396, 414]}, {"key": "real-estate-investment-trust", "type": "clause", "offset": [467, 495]}, {"key": "not-insured", "type": "clause", "offset": [570, 581]}, {"key": "insurance-premium", "type": "clause", "offset": [624, 641]}, {"key": "deductible-amount", "type": "definition", "offset": [655, 672]}], "snippet": "means the probable maximum loss (i.e. repair and reprocurement expenses) that would be incurred should the largest earthquake that has a 10% probability of occurring during a 50 year assumed service life of a building (i.e. an earthquake of the type that has a probability of occurrence once every 475 years) occur. Probable Maximum Loss is commonly utilised in the Japanese real estate industry for the purpose of asset securitisation. Traditionally in the Japanese real estate investment trust industry, unless Probably Maximum Loss is in excess of 15%, buildings are not insured for earthquake due to the relatively high insurance premium and the high deductible amount.", "hash": "bc5bb2f32abc0765842c71df31dbc49c", "id": 2}, {"size": 4, "samples": [{"hash": "eMtgsEXmxAW", "uri": "/contracts/eMtgsEXmxAW#probable-maximum-loss", "label": "Ilec Master Lease (Uniti Group Inc.)", "score": 31.8555774689, "published": true}, {"hash": "23PFYUgsSsC", "uri": "/contracts/23PFYUgsSsC#probable-maximum-loss", "label": "Clec Master Lease (Uniti Group Inc.)", "score": 31.8555774689, "published": true}, {"hash": "fiHXfiwBtXD", "uri": "/contracts/fiHXfiwBtXD#probable-maximum-loss", "label": "Master Lease (Windstream Services, LLC)", "score": 26.3169059753, "published": true}], "snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}], "snippet": "The value of the largest monetary loss within one area that may be expected to result from a single fire, assuming the normal functioning of passive protective features and proper functioning of most active suppression systems.", "hash": "b0e934932912cff7a7394a079388f720", "id": 3}, {"size": 3, "samples": [{"hash": "lUMVTG6EFsw", "uri": "/contracts/lUMVTG6EFsw#probable-maximum-loss", "label": "Put Agreement (State Auto Financial Corp)", "score": 18.0, "published": true}, {"hash": "ha9hi5QJ2pm", "uri": "/contracts/ha9hi5QJ2pm#probable-maximum-loss", "label": "Put Agreement (State Auto Financial Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "prior-to", "type": "definition", "offset": [77, 85]}, {"key": "risk-management", "type": "clause", "offset": [99, 114]}, {"key": "the-agent", "type": "clause", "offset": [265, 274]}, {"key": "caused-by", "type": "clause", "offset": [344, 353]}], "snippet": "means, for any date, the \"probable maximum loss\" as most recently calculated prior to such date by Risk Management Solutions, Inc., Applied Insurance Research, EQECAT Inc., Tillinghast (a Towers Perrin Company) or another independe\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587g firm sati\u2587\u2587\u2587\u2587\u2587\u2587ry to the Agent (each, a \"MODELLING FIRM\") and \"THUNDERSTORM PERIL\" shall mean peril caused by lightning, straight line wind, rain, hail and/or tornado.", "hash": "a87e2b0ee90e9010371e1086e11920f6", "id": 4}, {"size": 3, "samples": [{"hash": "i16sNdUgVdY", "uri": "/contracts/i16sNdUgVdY#probable-maximum-loss", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 25.5941143036, "published": true}, {"hash": "4cODwTi7iOA", "uri": "/contracts/4cODwTi7iOA#probable-maximum-loss", "label": "Loan and Security Agreement (Strategic Hotels & Resorts, Inc)", "score": 22.5605754852, "published": true}], "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [10, 16]}, {"key": "the-product", "type": "definition", "offset": [17, 28]}, {"key": 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"type": "clause", "offset": [643, 661]}, {"key": "amounts-payable", "type": "definition", "offset": [663, 678]}, {"key": "title-insurance-policies", "type": "definition", "offset": [689, 713]}, {"key": "interest-in-the-property", "type": "definition", "offset": [744, 768]}, {"key": "administrative-agent", "type": "clause", "offset": [773, 793]}, {"key": "with-respect-to", "type": "clause", "offset": [794, 809]}, {"key": "insurance-required", "type": "clause", "offset": [814, 832]}, {"key": "payment-to-borrower", "type": "clause", "offset": [895, 914]}, {"key": "expenses-incurred", "type": "clause", "offset": [981, 998]}, {"key": "by-borrower", "type": "clause", "offset": [999, 1010]}, {"key": "fees-and-disbursements", "type": "clause", "offset": [1086, 1108]}, {"key": "the-fees", "type": "clause", "offset": [1110, 1118]}, {"key": "costs-incurred", "type": "definition", "offset": [1162, 1176]}, {"key": "litigation-or-arbitration", "type": "clause", "offset": [1184, 1209]}], "snippet": "means the sum of the product of (A) the scenario expected loss as determined by an approved seismic engineering firm and (B) the sum of the full replacement cost of the Improvements of the Property inclusive of furniture, fixtures and equipment and twelve (12) months of business interruption insurance increased each year commencing on the first (1st) anniversary of the Closing Date by the percentage increase in the Consumer Price Index for All Urban Consumers that is published by the Bureau of Labor Statistics for the city in which the Property is located. Proceeds shall mean amounts, awards or payments payable to Borrower (including, without limitation, amounts payable under any title insurance policies covering Borrower\u2019s ownership interest in the Property) or Administrative Agent with respect to any insurance required to be maintained hereunder (after the deduction therefrom and payment to Borrower and Administrative Agent, respectively, of any and all reasonable expenses incurred by Borrower and Administrative Agent in the recovery thereof, including all attorneys\u2019 fees and disbursements, the fees of insurance experts and adjusters and the costs incurred in any litigation or arbitration with respect to any claim under such insurance policies).", "hash": "efc7445c504e61d328950cce18900149", "id": 5}, {"size": 3, "samples": [{"hash": "eMh4yVHKYoM", "uri": "/contracts/eMh4yVHKYoM#probable-maximum-loss", "label": "Put Agreement (State Auto Financial Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "prior-to", "type": "definition", "offset": [77, 85]}, {"key": "risk-management", "type": "clause", "offset": [99, 114]}, {"key": "the-agent", "type": "clause", "offset": [265, 274]}], "snippet": "means, for any date, the \"probable maximum loss\" as most recently calculated prior to such date by Risk Management Solutions, Inc., Applied Insurance Research, EQECAT Inc., Till\u2587\u2587\u2587\u2587\u2587\u2587\u2587 (\u2587 Towers Perr\u2587\u2587 \u2587\u2587\u2587pany) or another independent modelling firm satisfactory to the Agent (each, a \"Modelling Firm\").", "hash": "f6362bee4851fb6fc7770aab668c5d2b", "id": 6}, {"size": 2, "samples": [{"hash": "9poA1TwoXUq", "uri": "https://legislation.gov.ky/cms/images/LEGISLATION/SUBORDINATE/2012/2012-0088/InsuranceCapitalandSolvencyClassAInsurersRegulations_SL%2088%20of%202012.pdf", "label": "legislation.gov.ky", "score": 13.6192874908, "published": false}, {"hash": "lnE7T5WAiPa", "uri": "https://www.cima.ky/upimages/commonfiles/1499345758InsuranceCapitalandSolvencyClassAInsurersRegulations2012.pdf", "label": "www.cima.ky", "score": 6.483915329, "published": false}], "snippet_links": [{"key": "the-insurer", "type": "clause", "offset": [26, 37]}, {"key": "by-the-authority", "type": "clause", "offset": [120, 136]}], "snippet": "means the amount to which the insurer is exposed from a specific event as calculated using an acceptable model approved by the Authority;", "hash": "8b8b0b05200380f4c8e24121c294c6d9", "id": 7}, {"size": 2, "samples": [{"hash": "eUktrwcYj6J", "uri": "https://www.ise.ie/debt_documents/Banc%20of%20America%20Large%20loan,%20Inc.%20Series%202005%20BBA_842.pdf", "label": "Mortgage", "score": 9.0, "published": false}, {"hash": "iP1yIvMfmam", "uri": "https://www.ise.ie/debt_documents/114159_030eff948_4483.pdf", "label": "Mortgage", "score": 9.0, "published": false}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [20, 35]}, {"key": "mortgaged-property", "type": "definition", "offset": [40, 58]}, {"key": "a-percentage", "type": "definition", "offset": [82, 94]}, {"key": "replacement-cost", "type": "definition", "offset": [119, 135]}, {"key": "in-the-event-of", "type": "definition", "offset": [136, 151]}, {"key": "having-a", "type": "definition", "offset": [166, 174]}], "snippet": "\u2019 or \u2018\u2018PML\u2019\u2019 means, with respect to any Mortgaged Property, the estimated loss as a percentage of Mortgaged Property\u2019s replacement cost in the event of an earthquake having a magnitude calculated assuming a 10% exceedance probability and a 50-year return period (a \u2018\u2018475-year event\u2019\u2019).", "hash": "1791414bb009754ae37098e97eaa6fcf", "id": 8}, {"size": 2, "samples": [{"hash": "93VIFh0bxIU", "uri": "/contracts/93VIFh0bxIU#probable-maximum-loss", "label": "Loan and Security Agreement (Aspect Communications Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-product", "type": "definition", "offset": [6, 17]}, {"key": "cost-of-the-improvements", "type": "clause", "offset": [56, 80]}, {"key": "by-lender", "type": "definition", "offset": [95, 104]}, {"key": "sole-discretion", "type": "definition", "offset": [112, 127]}, {"key": "cost-of-the-project", "type": "clause", "offset": [592, 611]}], "snippet": "means the product of (1) the then estimated replacement cost of the Improvements as determined by Lender in its sole discretion and (2) the \"90% Confidence Damage Ratio\" calculated in such Seismic Review based upon a 475 year return interval. As used herein, \"Average Loss\" shall mean the product of (1) the estimated replacement cost of the improvements as determined by Lender in its sole discretion and (2) the \"Average Damage Ratio\" calculated in such Seismic Review based upon a 475 year return interval. As used herein, \"Replacement Cost\" shall mean, at any given time, the replacement cost of the Project as determined at such time by Lender in its sole discretion.", "hash": "a6e3e746bf2fa5da84d6a1231a574a08", "id": 9}, {"size": 2, "samples": [{"hash": "93VIFh0bxIU", "uri": "/contracts/93VIFh0bxIU#probable-maximum-loss", "label": "Loan and Security Agreement (Aspect Communications Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [3, 21]}], "snippet": "is defined in Section 7.6(F). --------------", "hash": "d5f5a1fd51f4814c357855f4d03e8af8", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIecHJvYmFibGUtbWF4aW11bS1sb3NzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 42, "title": "Probable Maximum Loss", "snippet": "shall have the meaning specified and as used by each applicable Insurance Regulatory Authority.", "id": "probable-maximum-loss", "examples": ["The amount of coverage shall be purchased on a full replacement cost basis (no coinsurance shall apply) except for earthquake, windstorm and flood perils which shall be provided as sublimits and aggregate limits supported by a <strong>Probable Maximum Loss</strong> (PML) study and/or Catastrophe (CAT) Modeling reports, if such insurance amounts are appropriate and available on commercially reasonable terms.", "The amount of coverage shall be purchased on a full replacement cost basis, except for earthquake, windstorm and flood perils which shall be provided as sublimits and aggregate limits supported by a <strong>Probable Maximum Loss</strong> (PML) study and/or Catastrophe (CAT) Modeling report, if such insurance amounts are appropriate and available on commercially reasonable terms.", "The percentage calculated by dividing (a) the actual <strong>Probable Maximum Loss</strong> (&quot;PML&quot;) determined by the Company&#x27;s wind insurance in force on September 30, 2020, by (b) the original PML of $891,356,560.", "The percentage calculated by dividing (a) the actual <strong>Probable Maximum Loss</strong> (&quot;PML&quot;) determined by the Company&#x27;s wind insurance in force on September 30, 2021, by (b) the original PML of $[***].", "The amount of coverage shall be purchased on a full replacement cost basis (no coinsurance shall apply) except for named windstorm, earthquake, and flood perils which shall be provided as sublimits and aggregate limits supported by a <strong>Probable Maximum Loss</strong> (PML) study and/or Catastrophe (CAT) Modeling report, if such insurance amounts are appropriate and available on commercially reasonable terms.", "The amount of coverage shall be purchased on a full replacement cost basis, except for named windstorm, earthquake, and flood perils which shall be provided as sublimits and aggregate limits supported by a <strong>Probable Maximum Loss</strong> (PML) study and/or Catastrophe (CAT) Modeling report, if such insurance amounts are appropriate and available on commercially reasonable terms.", "When Does it Apply If the property is in a high probability earthquake zone (i.e. Zone 3 or 4), then GS Bank will require a <strong>Probable Maximum Loss</strong> (\u201cPML\u201d) study to be conducted for each building.", "The perils of earthquake, windstorm/cyclone, flood, terrorism and other catastrophic perils (as may be determined from time to time) shall be insured to limits (a) no less than one hundred percent (100%) of <strong>Probable Maximum Loss</strong> using a period of recurrence of two hundred and fifty (250) years, or (b) available on commercially reasonable terms.", "The Company shall be the sole judge of what constitutes \u201cone risk\u201d and the <strong>Probable Maximum Loss</strong> applicable to such risk.", "Such coverage is required if the <strong>Probable Maximum Loss</strong> (PML / SUL) is twenty percent (20%) or greater."], "related": [["excess-fraud-loss", "Excess Fraud Loss", "Excess Fraud Loss"], ["economic-loss", "Economic loss", "Economic loss"], ["total-maximum-daily-load", "Total maximum daily load", "Total maximum daily load"], ["adjusted-maximum-amount", "Adjusted Maximum Amount", "Adjusted Maximum Amount"], ["fraud-loss-coverage-amount", "Fraud Loss Coverage Amount", "Fraud Loss Coverage Amount"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00"}, "json": true, "cursor": ""}}