Cumulative Profit definition

Cumulative Profit means, in respect of any Participant, the ----------------- consolidated net income (on a book basis after provision for income taxes) of the Holding Company and all of its subsidiaries, including the Bank and its subsidiaries, for each consecutive quarter comprising the Participation Period of such Participant.
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Cumulative Profit or “Cumulative Loss” means the aggregate of all Quarterly A Profits and Quarterly A Losses or Quarterly B Profits and Quarterly B Losses (as the case may be) less any Interim Dividends declared to the party with respect to such Profits at any time during any Financial Year;
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Cumulative Profit. : means the excess (if any) of the Fund’s net income and gains over its net losses (before Performance Fee), determined on a cumulative basis from the inception of the Fund through to the Termination Date. “Cut-Off Time ” : means 3.00 p.m (Cyprus, EET/EEST) on any day or such other time as the Directors may determine for an individual Sub-Fund or Class “CySEC” or “the Commission” : means the legal entity of public law which is established and which operates in pursuance of the Cyprus Securities and Exchange Commission Law, as amended
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Examples of Cumulative Profit in a sentence

  • If the Purchaser is in breach of Clause 10.1 above then (and as the Vendors sole remedy) any adverse effect the subject matter of the breach has on the Company's Cumulative Revenue and/or the Company's Cumulative Profit Before Tax shall be reversed and suitably adjusted when determining the Vendors Deferred Consideration and any dispute of the amount which shall be reversed or adjusted shall be referred to the Reporting Accountant in accordance with clause 7.3.4.

  • Company and Executive acknowledge and agree that the Profit Based RSU Awards for the performance period beginning April 2006 previously have achieved the maximum or stretch level of performance relating to the Cumulative Profit Sharing Pool Target (as such term is defined in the NLTIP/RSU Program) assigned to such awards.

Related to Cumulative Profit

  • Cumulative Interest Expense means the aggregate amount of Consolidated Interest Expense paid, accrued or scheduled to be paid or accrued by the Company from January 1, 1993 to the end of the fiscal quarter immediately preceding a proposed Restricted Payment, determined on a consolidated basis in accordance with GAAP.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Cumulative Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and completed Fiscal Year.