MAXIMUM PROBABLE LOSS definition

MAXIMUM PROBABLE LOSS means the largest loss which can occur under the worst conditions that are likely to occur.
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MAXIMUM PROBABLE LOSS means the greatest damage expectation that could reasonably occur from a data breach. For purposes of this subsection, “damage expectation” means the total value of possible damage multiplied by the probability that damage would occur.
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MAXIMUM PROBABLE LOSS means the greatest damage expectation that could
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Examples of MAXIMUM PROBABLE LOSS in a sentence

  • Lender reserves the right to require earthquake insurance or Maximum Probable Loss insurance on a case by case basis in amounts determined by Lender.

  • Lender reserves the right to require earthquake insurance or Maximum Probable Loss insurance on a case by case basis in amounts determined by Lender subject to commercially reasonable terms and availability.

  • If the Property is in an area identified by any governmental, engineering or any hazard underwriting agencies as being subject to the peril of earthquake, with a Maximum Probable Loss (MPL) of between ten percent (10%) and twenty percent (20%), the Company or the applicable Company Subsidiary shall obtain earthquake insurance equal to fifty percent (50%) of the replacement cost of the Property.

  • Lender reserves the right to require earthquake insurance or Maximum Probable Loss insurance on a case-by-case basis based upon the reasonable recommendations of such engineer.

  • Lender reserves the right to require Maximum Probable Loss insurance on a case by case basis in amounts determined by Lender.

  • As soon as practicable after any such adjustment, the Facility Lessee shall, subject to the terms of this Section 11, cause the its property insurance policies to carry coverage of at least the adjusted Maximum Probable Loss.

  • In order to expedite the FAA licensing process and ensure public safety, the FAA and the AF agree to exchange information and data as needed regarding proposed FAA licensed launches, including, but not necessarily limited to, Maximum Probable Loss (MPL) data, MPL analyses, safety waiver requests and approvals, and changes affecting Baseline Assessments.

  • The amount of insurance obtained by Rocket Lab shall be no less than the FAA established Maximum Probable Loss amount set forth in the FAA Launch License (the “MPL”).


More Definitions of MAXIMUM PROBABLE LOSS

MAXIMUM PROBABLE LOSS means the largest loss which can occur under normal circumstances and normal plant conditions, as adjusted pursuant to Section 11.3(e) of the Facility Lease.
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Related to MAXIMUM PROBABLE LOSS

  • Economic loss means any economic detriment suffered by a victim as a direct and proximate result of the commission of an offense and includes any loss of income due to lost time at work because of any injury caused to the victim, and any property loss, medical cost, or funeral expense incurred as a result of the commission of the offense. "Economic loss" does not include

  • 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.

  • Intrinsic Loss Estimate means total losses under the shared loss agreements in the amount of eighty one million dollars ($81,000,000).

  • 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).

  • Probable Mineral Reserve means the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;