Examples of Additional Loss in a sentence
Notwithstanding anything to the contrary in Section 4.8, payment for such Additional Loss shall be made by Applicant no later than 30 days following written notice that such Additional Loss is due and owing.
Allocations of Outstanding Principal Balance Reduction Amounts relating to Additional Loss Payments to the reduction of the Outstanding Principal Balance shall be deemed to occur automatically on the date on which the relevant Additional Loss Payment is payable by the Issuer and without further action by any party.
Notwithstanding anything to the contrary in Section 4.8, payment for such Additional Loss shall be made by Applicant no later than 30 days following written notice that such Additional Loss is due and owing, together with supporting calculations by the Third Party Consultant and copies of invoices (redacted as needed) for any such non-reimbursed costs and fees paid.
Notwithstanding anything to the contrary in Section 4.8, payment for such Additional Loss shall be made by Applicant no later than 30 days following notice that such Additional Loss is due and owing.
Reduction of Outstanding Principal BalanceUnder the terms of the Credit Default Swap, the Calculation Agent is required to inform the Issuer of (a) any Defaulted Notional Amount in respect of an Event Determination Date; and (b) any Additional Loss Payment payable by the Issuer thereunder.
Under the terms of the Credit Default Swap, the Calculation Agent is required to inform the Issuer of (a) any Defaulted Notional Amount in respect of an Event Determination Date; and (b) any Additional Loss Payment payable by the Issuer thereunder.
For each Defaulted Notional Amount or Additional Loss Payment payable by the Issuer an amount (the "Outstanding Principal Balance Reduction Amount") equal to: (a) the greater of (i) such Defaulted Notional Amount less the Unutilised Threshold Balance at the time of such calculation; and (ii) zero, and/or (b) such Additional Loss Payment, as applicable, will be applied in reduction of the aggregate Outstanding Principal Balance of the Notes without any corresponding payment to the Noteholders.
Note: Before closing on a HOME loan, the Burlington County Board of Chosen Freeholders must be named as an Additional Insured or Additional Loss Payee and Certificate Holder on all insurance policies.
Additional Issuer Payments The Issuer may, in certain circumstances, be liable to make furtherpayments to the Swap Counterparty (being an Additional Loss Payment) following the determination of an Additional Loss Amount pursuant to the provisions of the Credit Default Swap.
Notwithstanding anything to the contrary in Section 4.8, payment for such Additional Loss shall be made by Applicant no later than sixty (60) days following notice that such Additional Loss is due and owing.