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 June 2016 to May 2017 0.10% June 2017 to May 2018 0.20% June 2018 to May 2019 0.30% June 2019 to May 2020 0.40% June 2020 to May 2021 0.50% June 2021 to May 2022 0.60% June 2022 to May 2023 0.70% June 2023 to May 2024 0.80% June 2024 to May 2025 0.90% June 2025 to May 2026 1.00% June 2026 to May 2027 1.10% June 2027 to May 2028 1.20% June 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%
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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 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 2018 to January 2019 0.10% February 2019 to January 2020 0.20% February 2020 to January 2021 0.30% February 2021 to January 2022 0.40% February 2022 to January 2023 0.50% February 2023 to January 2024 0.60% February 2024 to January 2025 0.70% February 2025 to January 2026 0.80% February 2026 to January 2027 0.90% February 2027 to January 2028 1.00% February 2028 to January 2029 1.10% February 2029 to January 2030 1.20% February 2030 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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Related to Cumulative Net Loss Test

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Net Loss means, for each fiscal year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period as determined for federal income tax purposes by the General Partner, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • 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.