Cumulative Net Losses definition

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 Net Losses. As of any date of determination, the aggregate of the Liquidation Loan Losses incurred from the Cut-Off Date through the end of the calendar month preceding such date of determination.

Cumulative Net Losses means with respect to any Determination Date, the aggregate principal balance of all Net Liquidation Losses for each Collection Period from the Closing Date to and including the last day of the related Collection Period.

Examples of Cumulative Net Losses in a sentence

• The CUNL shall subsequently be increased by any amount of Cumulative Net Losses allocated to such Capital Account for a Fiscal Year (as adjusted pursuant to the last sentence of this paragraph) and decreased (not below zero) by an amount of Cumulative Net Profits (as adjusted per the last sentence of this paragraph) allocated to such Capital Account for a Fiscal Year.”).

• From and after October 1, 1999, Cumulative Net Losses of the Borrower less amounts contributed as equity to the capital of Borrower, shall not exceed $3,000,000.

• Cumulative Net Losses for a Distribution Date, as a percentage of the Cut-off Date Pool Principal Balance exceed the applicable percentage for such Distribution Date: DISTRIBUTION DATE PERCENTAGE ----------------- ---------- 1-24 1.50% 25-36 2.75% 37-48 3.50% 49-60 4.25% 61-72 5.00% 73 and thereafter 5.50% SUBORDINATED CERTIFICATES: As specified in the Preliminary Statement.

• Period Portfolio Name CPB ($) RPA ($) Cumulative Gross Losses ($) Cumulative Net Losses ($) Cum.

• Losses Paid and Cumulative Net Losses Incurred and Ultimate Net Losses during the quarter and inception to date including a breakdown of amounts for losses and Loss Adjustment Expense Paid and Outstanding including IBNR.

More Definitions of Cumulative Net Losses

Cumulative Net Losses means, as of any date of determination and with respect to all Receivables of a Common Age within a Vintage Pool, the aggregate UPB of Receivables in such Vintage Pool that have become Charged-Off Receivables during the period beginning on the applicable Origination Date through the last day of the most recently ended Collection Period, net of all Net Liquidation Proceeds with respect to such Receivables as of the last day of the most recently ended Collection Period.

Cumulative Net Losses means, as of any Payment Date, a fraction (expressed as a percentage), the numerator of which is the Aggregate Monthly Net Losses experienced on all Defaulted Receivables from the Cut-Off Date through the last day of the related Collection Period and the denominator of which is the Initial Pool Balance.

Cumulative Net Losses means, with respect to a Receivables Pool as of any Settlement Date, the sum of (i) the aggregate Net Losses experienced on all Liquidating Receivables with such Receivables Pool from the first day of the related Origination Period through the end of the related Collection Period and (ii) the Outstanding Principal Balance as of the Pool Termination Date of any Receivables within such Receivables Pool outstanding on the related Pool Termination Date.

Cumulative Net Losses means, as of any date of determination and with respect to any Vintage Pool, the aggregate cumulative principal amount of automobile receivables acquired or originated by the Originator that have become Charge-Off Receivables during the period beginning on the applicable date of origination through the end of the Collection Period immediately preceding the month in which such date of determination occurs, net of all Net Liquidation Proceeds and Recoveries with respect to such receivables as of the end of the Collection Period immediately preceding the month in which such date of determination occurs.

Cumulative Net Losses means, as of any date of determination and with respect to any Investment Pool, the excess of (a) the aggregate Outstanding Receivable Principal Balance of all Charged-Off Receivables (for the avoidance of doubt, in determining the aggregate Outstanding Receivable Principal Balance of all Charged-Off Receivables, this shall include the aggregate Outstanding Receivable Principal Balance of any and all Charged-Off Receivables repurchased by the Transferor at its option pursuant to Section 2.5 of the Sale Agreement), over (b) all Net Liquidation Proceeds received on or prior to such date with respect to such Investment Pool.

Cumulative Net Losses. As of any date, for any Receivables Pool, the aggregate cumulative amount of gross charge-offs of receivables in such Receivables Pool as of the end of the preceding Collection Period net of all Recoveries with respect to any such receivables as of the end of the preceding Collection Period.

Cumulative Net Losses means, as of any date of determination and with respect to any Vintage Pool, the aggregate cumulative principal amount of automobile receivables acquired or originated by the Originator that have become Charge-Off Receivables during the period beginning on the applicable date of origination through the end of the Collection Period immediately preceding the month in which such date of determination occurs, net of all Net Liquidation Proceeds with respect to such receivables as of the end of the Collection Period immediately preceding the month in which such date of determination occurs.