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.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Arch Chemicals Inc), Receivables Purchase Agreement (Arch Chemicals Inc)
Dilution Ratio. As of any Cut-Off Date, a ratio (expressed as a percentage), computed by dividing (ai) the total amount of decreases in Outstanding Balances due to Dilutions during the Calculation Period ending on such Cut-Off Date, by (bii) the aggregate Receivables (other than Excluded Receivables) sales generated by the Originators during the Calculation Period occurring two (2) months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 2 contracts
Sources: Credit and Security Agreement (Allied Waste Industries Inc), Credit and Security Agreement (Allied Waste Industries Inc)
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) sales generated by the Originators during the Calculation Period occurring two (2) months prior to immediately preceding the Calculation Period ending on such Cut-Off Date.
Appears in 1 contract
Sources: Credit and Security Agreement (PPL Electric Utilities Corp)
Dilution Ratio. As of any Cut-Off Date, a ratio (expressed as a percentage), computed by dividing (ai) the total amount of decreases in Outstanding Balances due to Dilutions during the Calculation Period ending on such Cut-Off Date, by (bii) the aggregate Receivables (other than Excluded Receivables) generated by the Originators during the second preceding Calculation Period occurring two (2) months prior to the Calculation Period ending on such Cut-Off Date.
Appears in 1 contract
Sources: Receivables Purchase Agreement (Arch Chemicals Inc)