Aggregate Net Loss definition

Aggregate Net Loss means the excess, if any, of (a) the aggregate amount of all Net Losses over (b) the aggregate amount of all Net Gains.
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Aggregate Net Loss means the sum of any (1) Cross Margin Loss and (2) Available Margin if the Available Margin is less than the Cross Margin Loss (expressed as a positive number). In calculating their Aggregate Net Loss, the Clearing Organizations shall take into account any Preliminary Payment Obligation received.
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Aggregate Net Loss means, with respect to a Collection Period, an amount (which may be a positive or negative number) equal to (a) the aggregate Principal Balance of all Receivables newly designated as Defaulted Receivables during that Collection Period plus (b) all the Cram Down Losses which occurred during the Collection Period minus (c) all Liquidation Proceeds collected during that Collection Period with respect to all Defaulted Receivables.
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Examples of Aggregate Net Loss in a sentence

  • Such Adjustment Payment shall be made promptly and in no event later than the third Business Day following the calculation of the Aggregate Net Surplus (Aggregate Net Loss) by both Clearing Organizations.

  • In order to establish whether the Preliminary Payment Obligation shall be returned, in whole or in part, to the better off party, each Clearing Organization shall compute its Aggregate Net Loss (Aggregate Net Surplus) and shall do so promptly and in no event later than 15 calendar days from the day on which the better off party paid the Preliminary Payment Obligation to the worse off party.

  • Each Seller agrees to pay, and to indemnify and hold harmless, each of the Buyer Parties and their respective Affiliates from and against any Buyer Parties' Aggregate Net Loss which they may suffer, sustain, or become subject to, as the result of any claim by any person or entity that an Authorized Action is not binding on, or enforceable against, any Seller.

  • If the Purchase Date does not occur on or prior to the Termination Date, then any Net Loss or Net Gain resulting from the prior liquidation of any Capital Security pursuant to this clause (C) will be included in the calculation of Aggregate Net Loss and Aggregate Net Gain for purposes of clause (A) or (B) above, as applicable.

  • In the event Seller repurchases any accounts under this Section 2.3, Seller shall indemnify and hold Buyer harmless from and against any Aggregate Net Loss (as defined in Section 8.1) incurred by Buyer in connection with such account from and after the date of repurchase.

  • However, if the Purchase Date does occur, Taberna shall be liable to Bear ▇▇▇▇▇▇▇ for the Aggregate Net Loss, if any, resulting from the liquidation of the Capital Securities under this clause (C).

  • In addition, each Seller hereby releases and discharges each Buyer Party from and against any Buyer Parties' Aggregate Net Loss arising out of or in connection with the Seller Rep's failure to distribute any amounts received by the Seller Rep on behalf of Sellers to Sellers.

  • After Seller has made its defense against such claims or actions and is unsuccessful in such defense or after Seller elects not to, or fails to, defend against such claims or actions, Buyer and Seller shall then attempt to mutually agree upon the amount of Aggregate Net Loss for which Buyer is to be indemnified.

  • Seller shall then have the right to defend against any claims or actions by third parties giving rise to the Aggregate Net Loss to the fullest extent permitted by law.

  • Notwithstanding anything to the contrary herein, Buyer may elect, in its sole discretion, to recover a portion or all of Buyer Aggregate Net Loss by reducing the amounts due under the Cash Holdback Portion under Section 1.2(c).


More Definitions of Aggregate Net Loss

Aggregate Net Loss has the meaning set forth in Section 8.3(a).
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Aggregate Net Loss means, with respect to a Collection Period, an amount (which may be a positive or negative number) equal to (a) the aggregate Principal Balance immediately prior to becoming a Defaulted Receivable of each Receivable newly designated as a Defaulted Receivables during that Collection Period minus (b) all Liquidation Proceeds collected during that Collection Period with respect to all Defaulted Receivables; provided, however, with respect to clause (a) and a Repossessed Defaulted Receivable, clause (a) shall read: "(a) (i) the aggregate Principal Balance of such Repossessed Defaulted Receivable as of the end of the previous Collection Period minus (ii) the aggregate Principal Balance of such Repossessed Defaulted Receivable as of the end of the that Collection Period.
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Aggregate Net Loss means, at any time, the sum of the Net Income for each fiscal quarter (beginning with the fiscal quarter ending December 31, 2011) ended prior to the applicable date of determination in which Net Income was negative; provided that, for purposes of this definition, any extraordinary gains or losses and any gains or losses attributable to writeups or writedowns of assets shall be deducted from or added back to (as the case may be) Net Income to the extent otherwise included in the calculation thereof.
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Aggregate Net Loss means the amount, if any, by which the Actual Loss Result exceeds the Initial Loss Reserves at December 31, 2011.
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Related to Aggregate Net Loss

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Ultimate Net Loss as used herein is defined as the sum or sums (including loss in excess of policy limits, extra contractual obligations and loss adjustment expense, as hereinafter defined) paid or payable by the Company in settlement of claims and in satisfaction of judgments rendered on account of such claims, after deduction of all salvage, all recoveries and all claims on inuring insurance or reinsurance, whether collectible or not. Nothing herein shall be construed to mean that losses under this Contract are not recoverable until the Company's ultimate net loss has been ascertained.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.