Cumulative Net Loss Test definition

Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage December 2015 to November 2016 0.10% December 2016 to November 2017 0.20% December 2017 to November 2018 0.30% December 2018 to November 2019 0.40% December 2019 to November 2020 0.50% December 2020 to November 2021 0.60% December 2021 to November 2022 0.70% December 2022 to November 2023 0.80% December 2023 to November 2024 0.90% December 2024 to November 2025 1.00% December 2025 to September 2026 1.10% October 2026 to November 2027 1.20% December 2027 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.
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Cumulative Net Loss Test means, with respect to any Premium Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below:
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Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage May 2016 to April 2017 0.10% May 2017 to April 2018 0.20% May 2018 to April 2019 0.30% May 2019 to April 2020 0.40% May 2020 to April 2021 0.50% May 2021 to April 2022 0.60% May 2022 to April 2023 0.70% May 2023 to April 2024 0.80% May 2024 to April 2025 0.90% May 2025 to April 2026 1.00% May 2026 to April 2027 1.10% May 2027 to April 2028 1.20% May 2028 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.
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More Definitions of Cumulative Net Loss Test

Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage May 2015 to April 2016 0.10% May 2016 to April 2017 0.20% May 2017 to April 2018 0.30% May 2018 to April 2019 0.40% May 2019 to April 2020 0.50% May 2020 to April 2021 0.60% May 2021 to April 2022 0.70% May 2022 to April 2023 0.80% May 2023 to April 2024 0.90% May 2024 to April 2025 1.00% May 2025 to April 2026 1.10% May 2026 to April 2027 1.20% May 2027 and thereafter 1.30%
Sample 1Sample 2Sample 3
Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage October 2016 to September 2017 0.10% October 2017 to September 2018 0.20% October 2018 to September 2019 0.30% October 2019 to September 2020 0.40% October 2020 to September 2021 0.50% October 2021 to September 2022 0.60% October 2022 to September 2023 0.70% October 2023 to September 2024 0.80% October 2024 to September 2025 0.90% October 2025 to September 2026 1.00% October 2026 to September 2027 1.10% October 2027 to September 2028 1.20% October 2028 and thereafter 1.30%
Sample 1Sample 2Sample 3
Cumulative Net Loss Test. With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage February 2017 to January 2018 0.10% February 2018 to January 2019 0.20% February 2019 to January 2020 0.30% February 2020 to January 2021 0.40% February 2021 to January 2022 0.50% February 2022 to January 2023 0.60% February 2023 to January 2024 0.70% February 2024 to January 2025 0.80% February 2025 to January 2026 0.90% February 2026 to January 2027 1.00% February 2027 to January 2028 1.10% February 2028 to January 2029 1.20% February 2029 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.
Sample 1Sample 2Sample 3

Related to Cumulative Net Loss Test

  • Consolidated Excess Cash Flow means, for any period for the Consolidated Group, (a) net cash provided by operating activities for such period as reported on the audited GAAP cash flow statement delivered under Section 7.01(a) minus (b) the sum of, in each case to the extent not otherwise reducing net cash provided by operating activities in such period, without duplication, (i) scheduled principal payments and payments of interest in each case made in cash on Consolidated Total Funded Debt during such period (including for purposes hereof, sinking fund payments, payments in respect of the principal components under capital leases and the like relating thereto), in each case other than in connection with a refinancing thereof, (ii) Consolidated Capital Expenditures made in cash during such period that are not financed with the proceeds of Indebtedness, an issuance of Capital Stock or from a reinvestment of Net Cash Proceeds referred to in Section 2.06(b)(ii), (iii) optional prepayments of Funded Debt during such period (other than prepayments of Revolving Loans owing under this Credit Agreement (unless, in the case of a prepayment of Revolving Loans, there is a simultaneous reduction in the Aggregate Revolving Commitments in the amount of such prepayment pursuant to Section 2.07) and other such optional prepayments made with the proceeds of other Indebtedness), (iv) to the extent not financed with the incurrence or assumption of Indebtedness or proceeds from an issuance of Capital Stock, Subject Dispositions, Specified Dispositions or Involuntary Dispositions, cash sums expended for Investments pursuant to Sections 8.02(c), (i), (j), (k) (other than with respect to any amount expended on such Investments through the use of the Cumulative Credit) or (v) during such period, (v) without duplication of amounts deducted from Consolidated Excess Cash Flow in prior periods, the aggregate consideration required to be paid in cash by the Borrower or any Subsidiary pursuant to binding contracts (the “Contract Consideration”) entered into prior to or during such period relating to Consolidated Capital Expenditures to be consummated or made during the three months following the end of such period, provided that to the extent the aggregate amount of internally generated cash actually utilized to finance such Consolidated Capital Expenditures during such three months is less than the Contract Consideration, the amount of such shortfall shall be added to Consolidated Excess Cash Flow for the period following such period and (vi) to the extent such amounts increased net cash provided by operating activities in such period, funds collected by the Borrower or any of its Subsidiaries on behalf of clients of the Borrower or any of its Subsidiaries representing the face amount of tickets sold plus (c) to the extent such amounts decreased net cash provided by operating activities in such period, funds remitted by the Borrower or any of its Subsidiaries to clients of the Borrower or any of its Subsidiaries representing the face amount of tickets sold.

  • Cumulative impact means the potential impact on the promotion of the licensing objectives of a significant number of licensed premises concentrated in one area. The cumulative impact of licensed premises on the promotion of the licensing objectives is a proper matter for a licensing authority to consider in developing its licensing policy statement.

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.