Cumulative Capital definition

Cumulative Capital means, with respect to any Partner, the amount of Capital Contributions actually contributed to the Partnership as of the date in question (prior to the deduction of any selling commissions or expenses) by such Partner; provided, however, that as and to the extent any placement agent retained by the General Partner to assist in the private placement of the Units foregoes any portion of its fees or selling commission with a consequent reduction in the offering price of any Units so placed or as and to the extent any Limited Partner receives a discount of $12,400 per Unit as a result of his paying $87,600 per Unit in cash ($77,600 if purchased in cash by the General Partner, its Affiliates, or officers and directors of the General Partner or its Affiliates) upon execution of the subscription documents as full payment of the purchase price for such Unit the Limited Partners purchasing any such Unit shall nevertheless be deemed to have contributed to the Partnership the full amount of the offering price without deduction on account of such reduced purchase price, provided, further that at the time of any calculation of Cumulative Capital, there shall only be credited to the Cumulative Capital of a Limited Partner an amount per Unit not in excess of the amount of Capital Contribution required to be paid by Limited Partners who pay for their Units in installments.
Sample 1
Cumulative Capital means at any time Ninety Million Seven Hundred ------------------ Ninety Thousand Dollars ($90,790,000) (which is the amount of money or agreed value of real or personal property (other than evidences of indebtedness) actually invested by Owner in the Hotels) less the sum of (i) cumulative Net Sales Proceeds up to an amount not to exceed the aggregate Adjusted Sales Proceeds for all Hotels distributed to Owner subsequent to March, 1997, and (ii) less Net Refinancing Proceeds distributed to Owner (not including any distribution of proceeds from the debt evidenced in the Loan Agreement). For purposes of Severance Management Agreements, Cumulative Capital shall be an amount equal to (a) if the new Owner for such Hotel(s) purchased the Hotel(s), the amount of the difference between the purchase price paid by such new Owner to acquire the Hotel(s) and the principal amount of any indebtedness allocated to such Hotel(s), or (b) if the new Owner acquired the Hotel(s) by means of a deed in lieu of Foreclosure, an amount equal to the remainder of (i) the sum of the Base Price of the Hotel(s) subject to the Severance Management Agreement less (z) the principal amount of indebtedness allocated to such Hotel(s) of the loan which was foreclosed or to which the Hotel(s) was subject.
Sample 1
Cumulative Capital has the meaning set forth in the LLC Agreement.
Sample 1

Examples of Cumulative Capital in a sentence

  • On February 5, 1997, the Company issued $60 million of 8.875% Cumulative Capital Securities, through CFB Capital I, a business trust subsidiary organized in January 1997.

  • The Company may remove the Warrant Agent or any successor Warrant Agent upon 30 days’ notice in writing, sent to the Warrant Agent or successor Warrant Agent, as the case may be, and to each transfer agent of the Cumulative Capital Securities, and to the Holders of the Warrant Certificates.

  • The Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Cumulative Capital Securities a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.

  • COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED SECURITIES On December 10, 1997, the Company issued $60 million of 8.20% Cumulative Capital Securities, through CFB Capital II, a business trust subsidiary organized in December 1997.

  • The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Cumulative Capital Securities may be listed.

  • Not later than the effective date of any such appointment, the Company shall file notice thereof in writing with the predecessor Warrant Agent and each transfer agent of the Cumulative Capital Securities, and mail a notice thereof in writing to the Holders of the Warrant Certificates.

  • The Warrant Certificate, together with the form of election to purchase Cumulative Capital Securities (“Exercise Notice”) and the form of assignment to be printed on the reverse thereof, shall be in the form of Exhibit 1 hereto.

  • The Warrant Agent may resign and be discharged from its duties under this Agreement upon 30 days’ notice in writing sent to the Company and to each transfer agent of the Cumulative Capital Securities, and to the Holders of record of the Warrant Certificates.

  • No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Cumulative Capital Securities or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Six-month earnings decreased by $22 million, or 17%, over the same period in 2006 due to the after-tax charges to earnings related to the intangible asset write-down for the retirement of the Clarica brand and the premium paid to redeem US$600 million of 8.526% Cumulative Capital Securities taken in the first quarter of 2007, partially offset by higher earnings in SLF U.K. and SLF Reinsurance.


More Definitions of Cumulative Capital

Cumulative Capital means, with respect to any Partner, the amount of Capital Contributions actually contributed to the Partnership as of the date in question (prior to the deduction of any selling commissions or expenses) by such Partner; provided, however, that as and to the extent any placement agent retained by the General Partner to assist in the private placement of the Units foregoes any portion of its fees or selling commission with a consequent reduction in the offering price of any Units so placed or as and to the extent any Limited Partner receives a discount of $12,285 per Unit as a result of his paying $87,715 per Unit in cash ($77,715 if purchased in cash by the General Partner, its Affiliates, or officers, directors and employees of the General Partner or its Affiliates, or by the Placement Agents) upon execution of the subscription documents as full payment of the purchase price for such Unit the Limited Partners purchasing any such Unit shall nevertheless be deemed to have contributed to the Partnership the full amount of the offering price without deduction on account of such reduced purchase price, provided, further that at the time of any calculation of Cumulative Capital, there shall only be credited to the Cumulative Capital of a Limited Partner an amount per Unit not in excess of the amount of Capital Contribution required to be paid by Limited Partners who pay for their Units in installments.
Sample 1
Cumulative Capital means One Hundred Twenty-one Million, Fifty-three ------------------ Thousand Dollars ($121,053,000.00), which is the amount of money or agreed value of other real or personal property (other than evidences of indebtedness) actually contributed to Landlord; provided, however, that, for purposes of Severance Leases, Cumulative Capital shall be an amount equal to (a) in the case of Severance Lease involving a new landlord but the same tenant in possession immediately before the transaction giving rise to the need for a Severance Lease, (i) if the new landlord is not an Affiliate of the lender pursuant to a loan on the Hotels immediately before the transaction giving rise to the need for the Severance Lease, the difference between the purchase price paid by such new landlord to acquire the Hotel(s) subject to the Severance Lease and the principal amount of indebtedness referred to in (a) and (b) of the definition of Deemed Debt Service, which principal amount shall be subject to reduction pursuant to the provisos as described in said definition, or (ii) if the new landlord acquired the Hotel(s) by deed in lieu of foreclosure or pursuant to a foreclosure wherein the new landlord or its Affiliate was the lender whose loan was in default, then Cumulative Capital shall be an amount equal to the remainder of (y) the sum of the Base Prices of the Hotel(s) subject to the Severance Lease less (z) the principal amount of indebtedness referred to in (a) and (b) of the definition of Deemed Debt Service, which principal amount shall be subject to reduction pursuant to the same provisos as described in said definition.
Sample 1
Cumulative Capital means, as of any date, the sum of (i) the Cumulative Invested Capital as of such date, minus (ii) the Cumulative Returned Capital as of such date.
Sample 1

Related to Cumulative Capital

  • 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.

  • 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 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 Net Income means, in respect of any Performance Period, the aggregate cumulative amount of the Adjusted Net Income for the calendar or other fiscal years of the Company during such Performance Period.

  • 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.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • 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.

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

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

  • Cumulative Servicing Amount means the sum of the Period Servicing Amounts for every consecutive twelve-month period prior to and ending on the True-Up Measurement Date in respect of each of the Shared-Loss Agreements during which the loss- sharing provisions of the applicable Shared-Loss Agreement is in effect.

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • Net Liquidation Percentage means the percentage of the book value of Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by Agent.

  • Net WAC Cap The Group 1 Net WAC Cap, the Group 2 Net WAC Cap or the Subordinate WAC Cap, as applicable.

  • Subordinate Liquidation Amount For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.

  • Original Class A Percentage The Class A Percentage as of the Cut-Off Date, as set forth in Section 11.04.

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • 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.

  • Class B-4 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Percentage for such Distribution Date will be zero.

  • Consolidated Income Available for Debt Service for any period means Earnings from Operations of the Company and its Subsidiaries plus amounts which have been deducted, and minus amounts which have been added, for the following (without duplication): (i) interest on Indebtedness of the Company and its Subsidiaries, (ii) provision for taxes of the Company and its Subsidiaries based on income, (iii) amortization of debt discount, (iv) provisions for gains and losses on properties and property depreciation and amortization, (v) the effect of any noncash charge resulting from a change in accounting principles in determining Earnings from Operations for such period and (vi) amortization of deferred charges.

  • Subordinate Principal Prepayments Distribution Amount For any Distribution Date, the Subordinate Prepayment Percentage of the Principal Prepayment Amount.

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • 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).

  • Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.

  • Nominal Liquidation Amount means, notwithstanding anything to the contrary in the Indenture Supplement, with respect to the Class C(2020-5) Notes: