Cumulative Net Losses definition

Cumulative Net Losses. As of any date of determination, the aggregate of the Liquidation Loan Losses incurred from the Cut-Off Date through the end of the calendar month preceding such date of determination.

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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.

Cumulative Net Losses means with respect to any Determination Date, the aggregate principal balance of all Net Liquidation Losses for each Collection Period from the Closing Date to and including the last day of the related Collection Period.

Examples of Cumulative Net Losses in a sentence

• ACTIVITY ----------------------------------------------- (A) Liquidated Contracts (i) Liquidation Proceeds $0.00 (ii) Recoveries on Previously Liquidated Contracts 0.00 (B) Aggregate Net Losses for Collection Period 0.00 (C) Net Loss Rate for Collection Period (annualized) 0.00% (D) Cumulative Net Losses for all Periods 0.00 (E) Delinquent Receivables # Units Dollar Amount --------- ------------- (i) 30-59 Days Delinquent 0 0.00% $0.00 0.00% (ii) 60-89 Days Delinquent 0 0.00% $0.00 0.00% Exh.

• The CEDING COMPANY, shall cede and REINSURERS shall accept Cumulative Net Losses Incurred, as herein provided and specified, which accrue to the CEDING COMPANY as a result of all losses occurring on or before December 31, 1992 under any and all policies, contracts, and binders of insurance (all hereinafter called "Policies"), written by the CEDING COMPANY on or before December 31, 1992 (hereinafter called "Coverage A").

• As used herein "Cumulative Net Losses" shall mean net income (or net loss, as applicable)of Borrower, plus depreciation and amortization, and less debt service and any non-financed capital expenditures (as adjusted for any allocation of such amounts to Newpark Shipbuilding - Brad▇ Island, Inc.).

• The Servicer Termination Test is failed if either (x) Cumulative Net Losses for the Mortgage Loans exceed 5.10% of the aggregate Original Class Principal Balance of the Offered Certificates or (y) the most recent Three Month 90-Day Delinquency Rate exceeds 30%.

• S net retention for Coverage A shall be the first $367,000,000 (full undiscounted value) of Cumulative Net Losses Paid in respect of BUSINESS COVERED.

More Definitions of Cumulative Net Losses

Cumulative Net Losses means, as of any date of determination and with respect to all Receivables of a Common Age within a Vintage Pool, the aggregate UPB of Receivables in such Vintage Pool that have become Charged-Off Receivables during the period beginning on the applicable Origination Date through the last day of the most recently ended Collection Period, net of all Net Liquidation Proceeds with respect to such Receivables as of the last day of the most recently ended Collection Period.

Cumulative Net Losses means, with respect to a Receivables Pool as of any Settlement Date, the sum of (i) the aggregate Net Losses experienced on all Liquidating Receivables with such Receivables Pool from the first day of the related Origination Period through the end of the related Collection Period and (ii) the Outstanding Principal Balance as of the Pool Termination Date of any Receivables within such Receivables Pool outstanding on the related Pool Termination Date.

Cumulative Net Losses means, as of any Payment Date, a fraction (expressed as a percentage), the numerator of which is the Aggregate Monthly Net Losses experienced on all Defaulted Receivables from the Cut-Off Date through the last day of the related Collection Period and the denominator of which is the Initial Pool Balance.

Cumulative Net Losses means, as of any date of determination and with respect to any Vintage Pool, the aggregate cumulative principal amount of automobile receivables acquired or originated by the Originator that have become Charge-Off Receivables during the period beginning on the applicable date of origination through the end of the Collection Period immediately preceding the month in which such date of determination occurs, net of all Net Liquidation Proceeds and Recoveries with respect to such receivables as of the end of the Collection Period immediately preceding the month in which such date of determination occurs.

Cumulative Net Losses means, as of any date of determination and with respect to any Investment Pool, the excess of (a) the aggregate Outstanding Receivable Principal Balance of all Charged-Off Receivables (for the avoidance of doubt, in determining the aggregate Outstanding Receivable Principal Balance of all Charged-Off Receivables, this shall include the aggregate Outstanding Receivable Principal Balance of any and all Charged-Off Receivables repurchased by the Transferor at its option pursuant to Section 2.5 of the Sale Agreement), over (b) all Net Liquidation Proceeds received on or prior to such date with respect to such Investment Pool.

Cumulative Net Losses means the aggregate of the Defaulted Contract Valuation Amounts minus an amount equal to the sum of any subsequent cash collections on Defaulted Contracts, including Liquidation Proceeds.

Cumulative Net Losses. With respect to any Distribution Date, the aggregate amount of Net Loan Losses calculated for such Distribution Date and each prior Distribution Date, reduced by any recoveries in respect of principal on a Defaulted Home Loan received after the Due Period in which such Home Loan became a Defaulted Home Loan.