Stop Loss Limits Sample Clauses

A Stop Loss Limits clause sets a maximum threshold for losses that a party is willing to bear under a contract or agreement. In practice, this means that if losses reach a predetermined amount, certain actions—such as suspending trading, terminating the agreement, or triggering additional protections—are automatically initiated. This clause is commonly used in financial, insurance, or trading contracts to cap potential losses and protect parties from excessive risk, thereby providing certainty and risk management in volatile or unpredictable situations.
Stop Loss Limits. For the Oil Supply / Trading business areas, an aggregate threshold is set on cumulative margin losses for the combination of System Optimization and Discretionary positions on a monthly basis. The System Supply activities that directly support the oil system (primarily ▇▇▇▇▇▇▇-owned terminals) requirements are not subject to a daily VaR limit. In contrast, the complete Natural Gas Supply / Trading positions are part of the daily VaR calculation, as they essentially represent the existing imbalances that exist within the daily position balancing activities, since there are no specific discretionary positions taken. For the purposes of the above thresholds, losses (or reserves) due to a counterparty’s failure to perform will be excluded. Both realized losses and unrealized (“▇▇▇▇ to market”) losses in the Supply / Trading portfolios will be taken into account when computing the cumulative loss. For purposes of the threshold, the losses will begin to accumulate on the first day of a calendar month. A net loss from the prior calendar month will be carried forward and added to the current month’s losses. However, gains in the prior calendar month will not carry forward to the current month for stop loss purposes. After a month occurs with a positive margin, all carryforward losses from prior months for this calculation will be reset to zero. In addition, the carryforward losses from prior months are reset to zero following any month when a Stop Loss limit is breached (i.e. a MAT occurs). In an instance when the aggregate Stop Loss limit exceeds the President’s authority level, the Chief Risk Officer will also notify the AJI President on the background of the losses and any remedial actions.
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Stop Loss Limits. In the case of stop-loss limits, the Customer may not necessarily be able to sell his stop-loss limit securities at the specified stop-loss price. Instead, a stop-loss order merely generates an order to the marketplace, or a stop-loss order first leads to a comparison of pricing on the marketplace with the stop-loss limit. It may still be the case that the order does not end up being executed on the marketplace. This may be because the market maker itself does not wish to trade on an unsettled market or answers too late. Malfunctions in the trading software of the marketplace are also a possibility. This may go as far as the software operator suspending the feature completely. For the Customer, this means that the stop-loss limit he sets will not necessarily lead to a sale. A stop-loss limit therefore provides no guarantee that an order will actually be executed.
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Related to Stop Loss Limits

  • Loss Limitation Losses allocated pursuant to Section 3.2 of this Agreement shall not exceed the maximum amount of Losses that can be allocated without causing any Unit Holder to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. In the event some but not all of the Unit Holders would have Adjusted Capital Account Deficits as a consequence of an allocation of Losses pursuant to Section 3.2 of this Agreement, the limitation set forth in this Section 3.5 shall be applied on a Unit Holder by Unit Holder basis and Losses not allocable to any Unit Holder as a result of such limitation shall be allocated to the other Unit Holders in accordance with the positive balances in such Unit Holder’s Capital Accounts so as to allocate the maximum permissible Losses to each Unit Holder under Section 1.704-1(b)(2)(ii)(d) of the Regulations.

  • Coverage Limits By requiring insurance, the State of Washington and DSHS do not represent that the coverage and limits required in this Contract will be adequate to protect the Contractor. Such coverage and limits shall not limit the Contractor’s liability in excess of the required coverage and limits, and shall not limit the Contractor’s liability under the indemnities and reimbursements granted to the State and DSHS in this Contract.

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • Review Process Limitations The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger Event has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture, (ii) to determine which Receivables are subject to an Asset Representations Review, (iii) to obtain or confirm the validity of the Review Materials, (iv) to obtain missing or insufficient Review Materials except as specifically described herein, (v) to take any action or cause any other party to take any action under any of the Transaction Documents to enforce any remedies for breaches of representations or warranties about the Eligible Representations, (vi) to determine the reason for the delinquency of any Review Receivable, the creditworthiness of any Obligor, the overall quality of any Review Receivable or the compliance by the Servicer with its covenants with respect to the servicing of such Review Receivable, or (vii) to establish cause, materiality or recourse for any failed Test as described in Section 3.03.

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence