Net Attrition definition

Net Attrition means, for the period of 12 months ending on the date of determination, the ratio of (a) (i) the RMR generated by Alarm Contracts assigned to the Credit Parties that have been terminated or cancelled during such period, plus the RMR generated by Alarm Contracts assigned to the Credit Parties that as of the last day of such period are past due for at least 90 days, less (ii) the RMR generated by Alarm Contracts referred to in clause (i), that the seller of such Alarm Contracts has replaced in such period, less (iii) the RMR generated by Alarm Contracts referred to in clause (i) the original cost of which has been deducted from the contractual holdback, less (iv) the RMR generated by Alarm Contracts referred to in clause (i) that has been replaced by new Alarm Contracts at the same premises within three months of such termination, to (b) the average of (i) the RMR of the Credit Parties on the first day of such period and (ii) the RMR of the Credit Parties on the last day of such period.
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Net Attrition means, for any period, (a)(i) the aggregate MRI in respect of Contracts disconnecting service during such period, multiplied by (ii) 24, less (b)(i) the aggregate MRI in respect of any replacements of such Contracts during such period (by means of Dealer or Seller replacement during the Replacement Period or the Holdback Period, as applicable, by Conversion, by MRI increases in respect of existing Contracts, by recoveries of previously written off MRI or by new MRI generated by internal sales efforts, multiplied by (ii) 24.
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Examples of Net Attrition in a sentence

  • Borrowers shall not at any time permit the Annualized Net Attrition Rate to exceed 8.0%.

  • Intent is to provide data on merchants under the Borrower and information will be used to calculate Merchant Volume Net Attrition Rate covenant.

Related to Net Attrition

  • Attrition means customers whose contracts were terminated prior to the end of the term either at the option of the customer or by Just Energy.

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

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

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • Combined sewer means a sewer receiving both surface runoff and sewage.