Cumulative Profits definition

Cumulative Profits means, with respect to a particular period, Owner’s net cash flow during such period available from all sources, including, without limitation, operating income and dispositions after payment in full of all loans, indebtedness and liabilities (including any fee due hereunder) and any and all capital contributions to Owner. The term “Internal Rate of Return” shall mean an internal rate of return of the applicable percentage per annum on the sum of the capital contributions of the members of Owner and the advances of principal under member loans made by any of the members in Owner (the “Members’ Cash Investments”) commencing on the date of payment of the Members’ Cash Investments and compounded annually to the extent not paid on a current basis, taking into account the timing and amounts of all previous payments by Owner to any of their members, whether as distributions of liquidation proceeds, payments of principal and interest with respect to member loans, or otherwise. For purposes of computing such internal rate of return, any capital contribution or advance of principal made by any member, any distribution of funds received by any member and any payment of interest or principal received under member loans at any time during a month shall be deemed to be made or received on the first day of such month.
Sample 1
Cumulative Profits at any given date (a “Measuring Date”) shall mean the excess of (i) Cuban Air Charter’s cumulative payments to Gulfstream under subparagraph (a) of this Section for all periods through and including such Measuring Date plus the Interim Profits, over (ii) Gulfstream’s cumulative Cuba Operating Expenses for all periods from the Effective Date (as defined below) through and including such Measuring Date. It is anticipated that Cuban Air Charter will not commence the Cuban Operation until on or about September 1, 2003 (the “Effective Date”). For purposes of this Agreement, “Interim Profits” shall mean the excess of the revenues generated by Gulfstream from the Cuban Activities during the period between beginning on the date of this Agreement and through the Effective Date, over the Cuba Operating Expenses for such period.
Sample 1
Cumulative Profits means the amount, if any, by which the cumulative items of taxable income and gain over the term of the Company exceed the cumulative items of taxable loss and deduction over the term of the Company, in each case, determined as of the date on which Cumulative Profits are determined.
Sample 1

Examples of Cumulative Profits in a sentence

  • The petitioner is allowed to recover water charges on usage of water, levied by the GoMP from the beneficiaries on pro-rata basis as per provisions under Regulations subject to true-up based on audited accounts.

  • This Agreement shall commence on September 1, 2003, and shall continue until such time as Cumulative Profits (as defined below) reach $1,500,000 (or $1,000,000 in the event of the applicability of the Incentive Reduction, as defined in that Third Restructuring Agreement dated as of August 8, 2003 by and among Gulfstream International Airlines, Inc., Raytheon Aircraft Credit Corporation (“RACC”), and Txxxxx X.

  • Most of the activities indicated in the table had been financed by the WTO regular budget, donations by Member countries, or by the Global Trust Fund for activities under the DDA.

  • Figure 6: State Frictions and Cumulative Profits, 1995-2008 (a) Actual Profits (b) Actual Minus Expected Profits Source: Author’s calculations using the California Long Term Care Rate and History Guide and NAIC LTC Experience Reports.

  • Box Plots of Cumulative Profit Data for Cole Creek South Lakota Box Plots of Cumulative Profit Data Cole Creek South / Lakota 300 250 Cumulative Profits ($MM)200 150 100 50 0 1k 5k 10k 20k 30k 50k 75k 100k Number of Simulations (thousands) Figure 39.

  • Below, we have compiled a table for years of lost earnings due to the credit crisis: Exhibit 2: Cumulative Net Income and Loss of Financial Institutions Since Q3 2007 ($in Millions)Cumulative Net Income (Loss): 3Q07 ‐ Years of Historical Cumulative Profits ErasedFannie Mae$ (120,459)GoldmanSachs $ 16,828 n/a *These institutions ultimately filedfor bankruptcy and/or were acquired in a distressedsale.

  • In the event that subsequent to any Incentive Fee payment the members of Owner are required to return to Owner all or part of any prior distribution(s) of Cumulative Profits, the amount of the Incentive Fee shall be recalculated on the basis of Cumulative Profits after the return of such prior distribution(s), and the amount of the Incentive Fee paid to Manager that exceeds such recalculated Incentive Fee shall be returned to Owner by Manager (the “Reimbursement Payment”).

  • Figure 2.2: Cumulative Profits From Replicating Portfolio and TradedPut PositionsThe figure plots the cumulative profits from shorting $1 of the equally-weighted replicating portfolio or traded American put portfolio or from longing $1 of the replicating and shorting the same amount of the traded put portfolio.

  • Table 1: Hypothetical Outcomes and Payoffs Trend Outcomes Cumulative Profits Consider a (fast) trend- following strategy where the trend follower starts long the market.


More Definitions of Cumulative Profits

Cumulative Profits means the aggregate profit after tax and all exceptional and/or extraordinary items of the Subsidiary (but before dividends) for the two financial years ending 31st December 1996 and 31st December 1997; and
Sample 1

Related to Cumulative Profits

  • 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.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • 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.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • 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 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 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.

  • 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.

  • Common profits means the balance of all income, rents, profits and revenues from the common areas and facilities remaining after the deduction of the common expenses;

  • Liquidation Profits As to any Distribution Date and any Mortgage Loan that became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, the excess, if any, of (i) Net Liquidation Proceeds in respect of such Liquidated Loan over (ii) the unpaid principal balance of such Liquidated Loan plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs.

  • Cumulative means a pollutant which increases in concentration in an organism by successive additions at different times or in different ways (bio-accumulation).

  • Gross Profits means the gross profits calculated under section 4;

  • Cumulative Insurance Payments As defined in the Series Supplement.

  • 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 Shared-Loss Payments means (i) the aggregate of all of the payments made or payable to the Assuming Bank under the Shared-Loss Agreements minus (ii) the aggregate of all of the payments made or payable to the Receiver under the Shared-Loss Agreements.

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

  • Distributable Profits means, in respect of any Interest Payment Date, the aggregate of (i) net profits carried forward and (ii) freely available reserves (other than reserves for own shares), in each case, less any amounts that must be contributed to legal reserves under applicable law, all as appearing in the Relevant Accounts.

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Interest Funds for such Distribution Date exceeds the aggregate amount distributed on such Distribution Date pursuant to Section 4.04(b) (other than the last clause thereof).

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • 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%.

  • 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 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 resulting from adding together the Common Unit Arrearage as 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).

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Monthly Excess Interest As to any Distribution Date, the sum of (A) the Interest Remittance Amount remaining after the application of payments pursuant to clauses A. through F. of Section 4.02(b)(i) plus (B) the Principal Payment Amount remaining after the application of payments pursuant to clauses A. through E. of Section 4.02(b)(ii) or (iii).

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

  • Excess Interest Amount means, on any date, the amount by which (i) the amount of all interest which would have accrued prior to such date on the principal of this Note, had the applicable Contract Rate at all times been in effect without limitation by the Maximum Rate, exceeds (ii) the aggregate amount of interest accrued on this Note on or prior to such date as limited by the Maximum Rate.