Examples of Material Loss in a sentence
Gains and losses will be reflected on the Fund’s daily share sheet, and the Fund will be reimbursed for any Net Material Loss on a monthly basis.
For the avoidance of doubt, in no event shall the COVID-19 pandemic or any governmental response thereto constitute a Material Loss.
If the damage or condemnation does not result in a Material Loss, then (i) Buyer shall have no right to terminate this Agreement, and (ii) Seller shall assign to Buyer at the Closing all proceeds of insurance or condemnation awards payable by reason of such damage or condemnation, if any.
Subject to Section 8.3 hereof, there shall have been no Material Loss.
The Inspector General of the appropriate federal banking agency must conduct a Material Loss Review (“MLR”) when losses to the Deposit Insurance Fund from failure of an insured depository institution exceed certain thresholds.