Complete Loss definition

Complete Loss has the meaning given to it in Section 16.
Sample 1

Examples of Complete Loss in a sentence

  • Evaluation of a Loss Mitigation Application – 12 CFR 1024.41(c)Evaluation of a Timely Complete Loss Mitigation Application– 12 CFR 1024.41(c)(1)A servicer that receives a complete loss mitigation application more than 37 days before a foreclosure sale must take two steps within 30 days:• First, the servicer must evaluate the borrower for all loss mitigation options available to the borrower from the owner or investor of the borrower’s mortgage loan.

  • Definition Complete Loss A loss of both the Active and Redundant Application instances, which does not allow any utilization by Customer or materially impacts Customer’s ability to conduct business.

  • The amount of the partial loss is then determined by subtracting the data actually recorded for such day from the estimated total for such day.6.1.2 Complete Loss - Estimated message and minute volumes for each loss consisting of an entire AMA tape or entire data volume due to its loss prior to or during processing, lost after receipt, degaussed before processing, receipt of a blank or unreadable tape, or lost for other causes, shall be reported.

  • Evaluation of a Loss Mitigation Application (12 CFR 1024.41(c)) Evaluation of a Timely Complete Loss Mitigation Application (12 CFR 1024.41(c)(1)) A servicer that receives a complete loss mitigation application more than 37 days before a foreclosure sale must take two steps within 30 days.

  • The Customer shall ensure complete protection against Partial or Complete Loss of One or More Phases or "single-phasing" on all three-phase motors.The Company operates the three-phase distribution system with single-phase devices Single phasing on the distribution system is necessary at times for fault clearing and switching and occurs occasionally due to unforeseen circumstances.

  • The current threshold goes from a 10% of total load value for a 3000 MW BA to less than 1% of total load for the bigger BAs.4. For Event Type Complete Loss of Interpersonal Communications capability at a BES control center, consider also adding Alternative Communication Capability.

  • Complete Loss Mitigation Application (12 CFR 1024.41(b)(1))‌ A loss mitigation application is complete when it contains all the information the servicer requires from the borrower to evaluate an application for loss mitigation options.

  • Early Complete Loss of Flow Accident Re-evaluation for Loss of Diesel Power Events with the Loss of Coolant Accident Engineering Safety Feature, EDF No. TRA-ATR-161 and 1615, 8/12/98.

  • Laptop Repair Fees Broken keys on the keyboard $25 Broken mouse buttons $25 Broken or cracked screen $75 - $150 Excessive scratches, dings, dents $15 Lost or damaged power cord $25 Cracks or holes in laptop $75 - $500 Damage to laptop case/bag $35 Complete Loss of device Up to $500 DAMAGE: Students/Parents are responsible for full payment of damages to devices.

  • Evaluation of a Loss Mitigation Application (12 CFR 1024.41(c))‌ Evaluation of a Timely Complete Loss Mitigation Application (12 CFR 1024.41(c)(1)) A servicer that receives a complete loss mitigation application more than 37 days before a foreclosure sale must take two steps within 30 days.

Related to Complete Loss

  • Foreclosure Loss means the loss realized when the Assuming Institution has completed the foreclosure on a Single Family Shared-Loss Loan and realized final recovery on the collateral through liquidation and recovery of all insurance proceeds. Each Foreclosure Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2c(1)-(3).

  • Material Loss means an uninsured:

  • SF1-4 Intrinsic Loss Estimate means total losses under this Single Family Shared-Loss Agreement in the amount of eighteen million dollars ($18,000,000.00).

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of twenty nine million dollars ($ 29,000,000.00).

  • Operating Loss means a negative Operating Profit.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Supplier under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Economic loss means any of the following types of pecuniary harm:

  • Total Intrinsic Loss Estimate means the sum of the SF1-4 Intrinsic Loss Estimate in the Single Family Shared-Loss Agreement, and the Commercial Intrinsic Loss Estimate in the Commercial Shared-Loss Agreement, expressed in dollars.

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Cram Down Loss means, with respect to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar Proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms with respect thereto, an amount equal to the amount of the principal reduction ordered by such court. A “Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order.

  • Casualty Loss means, with respect to any item of Equipment, the loss, theft, damage beyond repair or governmental condemnation or seizure of such item of Equipment.

  • Fraud Loss Any Realized Loss or portion thereof sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including by reason of the denial of coverage under any related Primary Insurance Policy.

  • Material Condemnation has the meaning set forth in Section 14.2.1.

  • Simulated Loss means the excess of the Carrying Value of an oil or gas property over the amount realized from the sale or other disposition of such property.

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Loss Occurrence means the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters, accidents or losses arising out of one event which occurs within the area of one state of the United States or province of Canada and states or provinces contiguous thereto and to one another. However, the duration and extent of any one "loss occurrence" shall be limited to all individual losses sustained by the Company occurring during any period of 168 consecutive hours arising out of and directly occasioned by the same event, except that the term "loss occurrence" shall be further defined as follows:

  • Material Gas Imbalance means, with respect to all Gas Balancing Agreements to which Borrower or any Restricted Subsidiary is a party or by which any Oil and Gas Interests owned by Borrower or a Restricted Subsidiary is bound, a net overproduced gas imbalance to Borrower and the Restricted Subsidiaries, taken as a whole, in excess of $10,000,000.

  • Liquidated Loan Loss With respect to any Distribution Date, the aggregate of the amount of losses with respect to each Mortgage Loan which became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, equal to the excess of (i) the unpaid principal balance of each such Liquidated Loan, plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date as to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs, over (ii) Net Liquidation Proceeds with respect to such Liquidated Loan.