Cumulative change definition

Cumulative change means the difference arrived at by subtracting all reductions as permitted by Section 9.20 of the Illinois Business Corporation Act in paid-in capital (if any) from all increases in paid-in capital (if any). However, a net reduction in paid-in capital reported on Form BCA 14.30 filed after the statutory due date does not reduce the basis for the annual franchise tax until the subsequent year.
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Examples of Cumulative change in a sentence

  • Cumulative change orders which exceed the charter limit [$100,000 as of December 2, 2021] and is adjusted annually on July 1st of each year) plus ten percent of the initial contract price over one hundred thousand dollars ($100,000) require CITY Council approval.

  • Cumulative change orders which exceed the charter limit [$75,000 as of March 1, 2015] and is adjusted annually on July 1st of each year) plus ten percent of the initial contract price over one hundred thousand dollars ($100,000) require CITY Council approval.

  • Home and Home Improvement Loans Cumulative change since the beginning of 2001 600 −200 March 1998 March 1999 March 2000 March 2001 Euro Foreign currency The public xector wax alxo key to the downturn in credit xince the beginning of 2ool.

Related to Cumulative change

  • Cumulative impact means the potential impact upon 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 Statement of Licensing Policy.

  • 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 Excess Cash Flow means the amount equal to the sum of Excess Cash Flow (but not less than zero for any Fiscal Year) for the Fiscal Year ending on December 31, 2022 and Excess Cash Flow (but not less than zero in any Fiscal Year) for each succeeding and 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 the aggregate amount of Consolidated Interest Expense paid, accrued or scheduled to be paid or accrued by the Company from January 1, 1993 to the end of the fiscal quarter immediately preceding a proposed Restricted Payment, determined on a consolidated basis in accordance with GAAP.