Common use of Calculation of Loss Clause in Contracts

Calculation of Loss. On a periodic basis, but no less than quarterly, CFC shall prepare and furnish to the Cooperative a report (each, a "loss report") setting forth: (i) each loan that was a defaulted loan; (ii) the loan loss amount for each such defaulted loan; (iii) the Cooperative loss amount; and (iv) the CFC loss amount. It shall report such information to the USDA simultaneously with the report furnished to the Cooperative.