Dilution Ratio Clause Samples
The Dilution Ratio clause defines how the ownership percentage of existing shareholders is adjusted when new shares are issued by a company. It typically specifies the formula or method used to calculate the new ownership percentages, taking into account the number of shares before and after the new issuance. This clause is crucial in protecting existing investors from excessive dilution of their ownership and ensures transparency in how changes to the capital structure affect all stakeholders.
Dilution Ratio. The Dilution Ratio shall equal or exceed 8.50% on a rolling three-month average basis for any Calculation Period.
Dilution Ratio. As of any Cut-Off Date, the percentage equivalent of a fraction, the numerator of which is the aggregate dollar amount of Dilutions that occurred during the Collection Period ending on such date and the denominator of which is the aggregate dollar amount of all Receivables originated by the Originators during such Collection Period.
Dilution Ratio. As of any Cut-Off Date, a ratio (expressed as a percentage), computed by dividing (a) the total amount of decreases in Outstanding Balances due to Dilutions during the Calculation Period ending on such Cut-Off Date, by (b) the aggregate Receivables (other than Excluded Receivables) generated by the Originators during the Calculation Period occurring two (2) months prior to the Calculation Period ending on such Cut-Off Date.
Dilution Ratio. The Dilution Ratio shall equal or exceed 1.0% on a rolling three-month average basis.
Dilution Ratio. The average Dilution Ratio for any three -------------- consecutive Collection Periods is a rate equal to or greater than 7.00%;
Dilution Ratio. The Short Dilution Ratio shall equal or exceed 4.75% on a rolling three-fiscal-month average basis at any time on or after the date hereof or the Long Dilution Ratio shall equal or exceed 5.3% on a rolling three-fiscal-month average basis at any time on or after the date hereof.
Dilution Ratio as of any date of determination, the ratio (expressed as a percentage) of (a) the aggregate amount of Borrowers’ Diluted Accounts to (b) the gross amount of all Accounts of Borrowers, in each case, calculated as of the date of the most recent Borrowing Base Certificate for the twelve month period most recently ended.
Dilution Ratio. The Dilution Ratio shall be equal to or exceed 1.25% on a rolling three month average basis.”
(f) Section 10.2(f) of the Loan Agreement is hereby deleted and replaced with the following:
Dilution Ratio. The Short Dilution Ratio shall equal or exceed 4.00% on a rolling three-fiscal-month average basis at any time on or after the date hereof or the Long Dilution Ratio shall equal or exceed 4.00% on a rolling three-fiscal-month average basis at any time on or after the date hereof.
(g) Section 10.2.5. (Delinquency Ratio) of the Loan Agreement is hereby amended by deleting the percentage “2.75%” appearing therein and inserting the percentage “2.50%” in lieu thereof.
(h) Exhibit A to the Loan Agreement is hereby deleted in its entirety and replaced with Exhibit A set forth in Annex 1 hereto.
(i) Exhibit B to the Loan Agreement is hereby deleted in its entirety and replaced with Exhibit B set forth in Annex 2 hereto.
Dilution Ratio. As of any date of determination, the ratio (expressed as a percentage) of: