Qualifying Losses definition

Qualifying Losses means the Losses arising from or relating to a claim (or series of related claims arising from the same set of facts or circumstances) in which the total amount of Losses are in excess of $10,000.

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Examples of Qualifying Losses in a sentence

If the Client fails to make such a disclosure, then any and all shipments to that particular Customer will be automatically excluded from coverage of the Qualifying Losses under the Agreement.
For the avoidance of doubt, any payment made by a Member pursuant to the Cash Grant Recapture Indemnity Agreements that is not a payment for Cash Grant Recapture Indemnity Agreements Qualifying Losses shall not be considered an Additional Capital Contribution for purposes of this Agreement and shall be treated as an indemnity payment applicable to losses of the Company, DS Holdings and the Subsidiaries, as the case may be, arising from the event giving rise to such payment.
No amounts of indemnity shall be payable as a result of any claim made under Section 8.3 (i) unless the Losses in respect of such claim or series of related claims are Qualifying Losses and (ii) unless and until the Seller Indemnified Parties have suffered, incurred, sustained or become subject to Qualifying Losses in excess of $2.0 million in the aggregate, in which case the Seller Indemnified Parties may bring a claim for the entire amount of such Losses.
Only Qualifying Losses shall be taken into account in determining whether the Threshold has been satisfied.
The Seller shall not be liable under this Agreement in respect of any individual claim (or a series of claims arising from substantially similar or related facts or circumstances or a series of connected matters) under this Agreement where the amount of any such claim or series of claims does not exceed EUR 40,000 (forty thousand euro) ("Qualifying Losses").

More Definitions of Qualifying Losses

Qualifying Losses means losses and loss adjustment expenses incurred, net of authorized reinsurance, which are directly attributable to a catastrophe in this State.

Qualifying Losses means any Losses incurred in connection with a Qualifying Dealer Loan funded by GMAC or any GMAC Subsidiaries to an Underwritten Dealer or a Non-Underwritten Dealer, including, without limitation, (i) any Losses relating to fraud, (ii) fifty percent (50%) of any Losses related to the exercise of remedies with respect to any Qualifying Dealer Loan, and (iii) Losses representing the difference between (x) the amount of a Qualifying Dealer Loan funded to an Underwritten Dealer or a Non-Underwritten Dealer, as the case may be, and (y) the gross amount recovered by GMAC or any GMAC Subsidiary in respect of such Qualifying Dealer Loan after GMAC or the applicable GMAC Subsidiary has exhausted reasonable remedies (other than any reimbursement pursuant hereto) for portions of such Losses, including, without limitation, but subject to GMAC’s business practices for loans that are not subject to reimbursement by LLC, the sale of the vehicle and recovery of any deficiency claim in related bankruptcy proceedings as well as recourse to any repurchase agreement with Chrysler or Reorganized Chrysler, as the case may be.

Qualifying Losses has the meaning set forth in Clause 10.2;

Qualifying Losses has the meaning set forth in Section 6.5.2.

Qualifying Losses means any individual indemnifiable Loss or series of such related indemnifiable Losses in excess of one hundred thousand dollars ($100,000).

Qualifying Losses means losses and loss adjustment expenses incurred, net of authorized reinsurance, which are directly attributable to an environmental event in this State and which occur along the State's shoreline areas.

Qualifying Losses has the meaning set forth in Section 11.1(d)(ii)