Accumulated Savings definition

Accumulated Savings means, as of any date of determination, the cumulative total of Excess Savings.
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Accumulated Savings. The borrower has demonstrated: • an ability to accumulate savings, and • a conservative attitude toward using credit; d. Previous Credit History: A borrower’s previous credit history shows that he/she has the ability to devote a greater portion of income to housing expenses; 19
Sample 1
Accumulated Savings is calculated as [*] of MSRP, as set forth in the Sun-Netscape Alliance Price List, of Products sold by Customer plus the total of discretionary rebates forfeited by Customer at any point in time. Accumulated Savings shall not exceed [*]. As of September 30, 2000, or sooner, if terminated, if the Accumulated Savings is not equal to [*], Customer will remit to Sun an amount equal to the difference between the Accumulated Savings and [*], or the prorated portion thereof, within thirty days from September 30, 2000 or the date of termination. This provision shall survive termination of the Agreement.
Sample 1

Examples of Accumulated Savings in a sentence

  • If such sum of (i) calculated EC Savings for any future Measurement Period plus (ii) the Annual M&V Fee for such Measurement Period is less than the Guaranteed Savings for that Measurement Period, then Chevron Energy Solutions will apply Accumulated Savings then outstanding to determine whether there is a Guarantee Shortfall for that Measurement Period.

  • Accumulated Savings will be increased, for any Measurement Period, by the amount of Excess Savings during such Measurement Period, and will be decreased, for any Measurement Period, by the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the EC Savings for such Measurement Period.

  • The Guarantee Shortfall, for any Measurement Period, will be calculated by Chevron Energy Solutions as the difference, to the extent positive, between (i) the Guaranteed Savings for such Measurement Period minus (ii) the sum of (a) EC Savings for such Measurement Period plus (b) Accumulated Savings then outstanding.

  • For the avoidance of doubt, Accumulated Savings will not be reduced below zero.