Neiman Marcus 2009 Annual Report Download - page 405
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SCHEDULE 4.6(d)
Implemented Modification to Risk Management Policy
Monthly Analysis of Cumulative Impact on [***]
*Numbers below within the chart are for illustrative purposes only
• If the cumulative [***] impact of Bank actions implemented as a Bank Matter described in 3.2(g)(iii) or (iv) over the last 12
months is equal to or greater than 15% of [***]for the entire portfolio over the same period, NMG has the right to terminate
pursuant to Section 16.2(g).
• In the example below, this occurs in Month 21.
[***]
Example of Calculation of Sales Impact
• The following example illustrates the calculation of the [***]impact for an underwriting change for a given month
• In this example we calculate the first-month [***] impact of [***] from the previous table (highlighted in orange)
• All numbers are for illustration purposes only
[***]