Cumulative Losses definition

Cumulative Losses. As to any Payment Date and the Mortgage Loans, the cumulative aggregate amount of Realized Losses on the Mortgage Loans from the Cut-off Date through the end of the calendar month immediately preceding such Payment Date.

Cumulative Losses. As of any date of determination, the aggregate Mortgage Loan Losses for all Due Periods since the Cut-off Date.

Cumulative Losses for a specified period shall mean the aggregate Losses of the Borrower determined cumulatively during such period without regard to Pledged Recoveries.

Examples of Cumulative Losses in a sentence

• The aggregate principal amount of each Borrowing hereunder shall not (i) be less than $2,000,000, and if greater, shall be in an integral multiple of $1,000,000 and (ii) exceed the lesser of (a) Cumulative Losses incurred after the occurrence of the Loss Threshold Incurrence Date less the aggregate principal amount of all Loans previously made and (b) the aggregate Unutilized Commitments of all Banks as in effect on the date such Borrowing is made.

• Cumulative Losses for all Periods 0.00 D Delinquent and Repossessed Contracts Contracts Amount 1.

• The aggregate principal amount of each Borrowing hereunder shall not (i) be less than $1,000,000, and if greater, shall be in an integral multiple of $100,000 and (ii) exceed the lesser of (a) Cumulative Losses incurred after the occurrence of the Loss Threshold Incurrence Date less the aggregate principal amount of all Loans previously made and (b) the aggregate Unutilized Commitments of all Banks as in effect on the date such Borrowing is made.

• In the event that the New England System Operator, for any reason, does not determine the entire Loss Amount, the losses not determined by the New England System Operator shall be based on average system losses as set forth below: Cumulative Losses in Percent24 Hr. POR/PODPeak*Off-PeakAvg.Bulk Transmission1.982.422.21Bulk Substation2.462.922.70Pri.

• In addition, upon expiration of the Investment Period, the Investment Manager shall be entitled to an amount equal to the portion of such Withheld Amounts that would have been payable if Cumulative Losses had been calculated net of cumulative realized capital gains on the applicable portfolios of investments.

More Definitions of Cumulative Losses

Cumulative Losses. As defined in Section 12.6.

Cumulative Losses for a specified period shall mean the aggregate Losses of MBIA determined cumulatively during such period determined without regard to Pledged Recoveries.

Cumulative Losses means cumulative losses actually realized in any one calendar year with respect to Medallion Loans from and after the time such loans became Medallion Loans, but shall not include costs, expenses or losses resulting from Hedging Arrangements.

Cumulative Losses means, as of any date of determination, an amount equal to the difference of (i) the sum of the Contract Value at the related Purchase Date of all Purchased Contracts that (x) are more than 180 days past due as of such date or (y) LEAF, in its capacity as the Servicer, has charged off in accordance with the Policy and Procedures as of such date, over (ii) the aggregate amount received by the Servicer (net of any related expenses) in connection with the realization of the full amounts due and to become due under such Purchased Contracts and the sale of any property acquired in respect thereof.

Cumulative Losses shall initially be zero. Immediately upon the commencement of each Calculation Period (including a stub period, as applicable for the Stub Period Royalty), the amount of Cumulative Losses shall be (a) increased by the amount of negative Income Before Income Taxes, if any, for the immediately preceding Calculation Period multiplied by the Royalty Percentage in effect for such period and (b) decreased by (i) the amount of positive Income Before Income Taxes, if any, for such immediately preceding Calculation Period multiplied by the Royalty Percentage in effect for such period and (ii) the amount of Cumulative Losses utilized to reduce the Exercise Price pursuant to clause (b) of the proviso to Section 6.1(a); provided that the amount of Cumulative Losses shall not be decreased below zero.

Cumulative Losses has the meaning set forth in Section 5.11.

Cumulative Losses. As of any date of determination and Group, the aggregate Realized Losses for such Group from and after the Closing Date for all Due Periods since the Cut-off Date.