Cumulative Accountancy Rental Excess definition

Cumulative Accountancy Rental Excess means the "cumulative accountancy rental excess" for the purposes of Schedule 12 to the Finance Xxx 0000 in respect of the leasing of the Ship under this Lease;
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Cumulative Accountancy Rental Excess means, in respect of any Accounting Period of the Lessor, the "cumulative accountancy rental excess" in respect of this Agreement for that Accounting Period, as defined in paragraph 6 of Schedule 12 FA 1997, on the basis that the "accountancy rental earnings" and the "normal rent" in respect of this Agreement for any Accounting Period of the Lessor, as defined in Schedule 12 FA 1997, will respectively be equal to the Accountancy Rental Earnings and the Normal Rent for that Accounting Period as defined in this Financial Schedule; "Cumulative Normal Rental Excess" means, in respect of any Accounting Period of the Lessor, the "cumulative normal rental excess" in respect of this Agreement for that Accounting Period, as defined in paragraph 6 of Schedule 12 FA 1997, on the basis that the "accountancy rental earnings" and the "normal rent" in respect of this Agreement for any Accounting Period of the Lessor, as defined in Schedule 12 FA 1997, will respectively be equal to the Accountancy Rental Earnings and the Normal Rent for that Accounting Period as defined in this Financial Schedule; "Day One Return Rate" means: (a) in respect of any date up to and including the Acceleration Date an annual rate of zero point three five eight nine per cent. (0.3589%); or (b) in respect of any date after the Acceleration Date an annual rate of zero point two six three nine one per cent. (0.26391%); "Designated Discount Rate" means, at the date of any calculation: (a) subject to paragraph (b) below, the fixed rate certified in good faith by the Lessor as being the rate obtainable at such date for the applicable period and the applicable amounts (or the longest period for which such funding can be obtained) plus a margin of one per cent. (1%), but subject to a minimum rate of three per cent. (3%); (b) in the case where a Termination has occurred under clause 21.3 of this Agreement, the rate calculated in accordance with paragraph (a) above plus one per cent. (1%); "Disposal Value" means disposal value for the purposes of Part 2, Chapter 5 CAA 2001; "Early Termination Fee" means, in relation to any Termination, the amount determined in accordance with paragraph 5.4; "Economically Burdensome" shall be determined for any date in accordance with the following The transactions contemplated by this Agreement shall be regarded as having become economically burdensome where: 60% of [TEC -ECPVB] exceeds TEC- RCP ~ T ECPVB is the present value of the Rents determined by the Lessor from th...
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Cumulative Accountancy Rental Excess has the meaning given to that expression in Schedule 12 to the Finance Acx 0000;
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Related to Cumulative Accountancy Rental Excess

  • Rent Expense means, as to any Person for any period, the aggregate rent and lease expenses recorded by such Person and its Subsidiaries on a consolidated basis in conformity with GAAP pursuant to any Operating Lease.

  • Rental Expense means, with respect to any period, the aggregate amount of rental payments made by the Company and its Subsidiaries (determined on a consolidated basis) for such period with respect to operating leases.

  • Consolidated Rental Expense means, for any period, on a consolidated basis for the Company and its Subsidiaries, the aggregate amount of fixed and contingent rentals payable in cash by the Company and its Subsidiaries with respect to leases of real and personal property (excluding capital lease obligations) determined in accordance with GAAP for such period (subject to Section 1.04(b)).

  • Cumulative Retained Excess Cash Flow Amount means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date.

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • Consolidated Rent Expense means, with reference to any period, all payments under Operating Leases to the extent deducted in computing Consolidated Net Income, calculated in accordance with GAAP for the Borrower and its Subsidiaries on a consolidated basis for such period.

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Monthly Excess Cashflow For any Distribution Date, an amount equal to the sum of the Monthly Excess Interest and Overcollateralization Release Amount, if any, for such date.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • 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%.

  • 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.

  • Annual Base Rent means the business’s annual lease payment minus taxes, insurance and operating or maintenance expenses.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Excess Cash Flow Payment Date means the earlier of (a) the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending December 31, 2018) and (b) the third Business Day following the date on which financial statements with respect to such period are delivered pursuant to Section 5.01(c).

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Tax Expense means, for any period, the tax expense (including federal, state, provincial, local, foreign, franchise, excise and foreign withholding taxes) of the Loan Parties and their Subsidiaries, including any penalties and interest relating to any tax examinations for such period, determined on a consolidated basis in accordance with GAAP.

  • Rental Return Date means the return date listed on the car rental agreement.

  • Cumulative Loss Amount means the sum of the Monthly Loss Amounts less the sum of all Recovery Amounts.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Cumulative Shared-Loss Amount means the excess, if any, of the Cumulative Loss Amount over the First Loss Tranche.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Cumulative Interest Expense means, in respect of any Restricted Payment, the sum of the aggregate amount of Consolidated Interest Expense of the Issuer and the Restricted Subsidiaries for the period from and after January 1, 2005 to the end of the Issuer’s most recently ended fiscal quarter for which internal financial statements are available and immediately preceding the proposed Restricted Payment.

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.