Cumulative Profit definition

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, 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 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 “Dealing Day” : means in relation to a Sub-Fund or Class, any Business Day on which the Directors have determined to give effect to an application for subscription and/or requests for redemption or conversion of Shares as set out in this Prospectus and the relevant Supplement“Depositary”:means the legal entity, or any successor appointed from time to time, who is entrusted with at least one of the depositary tasks set out in Article 24 of the AIFM Law.“Depositary Agreement”:Means the depositary agreement dated on or about the date of the Offering Memorandum and made between the Directors and the Depositary. A copy of the Depositary Agreement may be obtained from the Company or the External Manager.“Directors”:means any members of the Board of Directors of the Company as may be appointed from time to time.“Distributing Class of Shares” or“Distributing Classes of Shares”:means a Class or Classes of Shares available in a Sub-Fund of the Company which may distribute the net income (including interest and dividends) attributable to such Shares as more particularly described in the relevant Supplement “Distributor” or “Global Distributor” : means the person or entity duly appointed from time to time by the Management Company to distribute or arrange for the distribution of Investor Shares
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Examples of Cumulative Profit in a sentence

  • Each Award Notice with respect to a Profit Based RSU Award shall specify (a) the Performance Period to which the Award relates, (b) the applicable Cumulative Profit Sharing Pool Target Levels and Cash Hurdle, (c) the number of RSUs subject to the Award as of the date of grant of the Award, and (d) the Payout Structure and the Maximum Aggregate Payment Amount, if any, applicable to the Award.

  • If more than one Cumulative Profit Sharing Pool Target Level has been established for this Profit Based RSU Award, the Profit Based RSU Payment Percentage for achieving a target level will be reduced by the Profit Based RSU Payment Percentage applicable to the highest Cumulative Profit Sharing Pool Target Level, if any, achieved for any prior Fiscal Year in the Performance Period.

  • The Performance Target applicable to this Profit Based RSU Award is satisfied when (1) a Cumulative Profit Sharing Pool Target is achieved for a particular Fiscal Year and (2) the Financial Performance Hurdle is achieved for such Fiscal Year.

  • The Cumulative Profit Sharing Pool Target Level achieved determines the applicable Profit Based RSU Payment Percentage.

  • Each Award Notice with respect to a Profit Based RSU Award shall specify (a) the Performance Period to which the Award relates, (b) the applicable Cumulative Profit Sharing Pool Target Levels and Cash Hurdle, (c) the number of RSUs subject to the Award as of the date of grant of the Award, and (d) the Payout Structure applicable to the Award.

  • Post Petition Cumulative Profit Or (Loss) (20,230,061) (18,844,017) 32.

  • Post Petition Cumulative Profit Or (Loss) (33,698,923) (33,799,069) 32.

  • The Cumulative Profit Sharing Pool Target Level(s) applicable to this Profit Based RSU Award are as follows: [Level One: $___________]The Cash Hurdle applicable to this Profit Based RSU Award is $_________________.The Cumulative Profit Sharing Pool Target Level that shall be deemed to have been achieved upon a Change in Control for purposes of Section 6.4(b) of the Program is _____________ for this Profit Based RSU Award.

  • Post Petition Cumulative Profit Or (Loss) (5,347,301) (5,437,727) 32.

  • 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.


More Definitions of Cumulative Profit

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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Related to Cumulative Profit

  • 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.

  • Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.

  • 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%.

  • 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 Profit means such profit as is calculated in accordance with paragraph 61;

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Cumulative Common Unit Arrearage means, with respect to any Common Unit, whenever issued, and as of the end of any Quarter, the excess, if any, of (a) the sum of the Common Unit Arrearages with respect to an Initial Common Unit for each of the Quarters within the Subordination Period ending on or before the last day of such Quarter over (b) the sum of any distributions theretofore made pursuant to Section 6.4(a)(ii) and the second sentence of Section 6.5 with respect to an Initial Common Unit (including any distributions to be made in respect of the last of such Quarters).