Common use of Net Cumulative Loss Clause in Contracts

Net Cumulative Loss. (a) Except as provided in Subsection (b) below, the Borrower shall not incur a Net Cumulative Loss during any twelve (12) consecutive calendar months in excess of the lower of the following: (A) $30,000,000.00, or (B)(x) $10,000,000.00 plus (y) to the extent it results in a positive number, eighteen percent (18%) times the following:

Net Cumulative Loss. (a) Except as provided in Subsection (b) below, the The Borrower shall not incur a Net Cumulative Loss during any twelve (12) consecutive calendar months in excess of the lower of the following: (Aa) $30,000,000.00, or (B)(xb)(x) $10,000,000.00 plus (y) to the extent it results in a positive number, eighteen percent (18%) times the following: