Canadian Dilution definition
Canadian Dilution as of any date of determination, a percentage, based upon the experience of the immediately prior 12 months, that is the result of dividing the amount of (a) bad debt write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to all of the Canadian Borrowers’ Accounts during such period, by (b) all of the Canadian Borrowers’ ▇▇▇▇▇▇▇▇ with respect to Accounts during such period.
Canadian Dilution means, as of any date of determination, a percentage, based upon the experience of the immediately prior 12 months, that is the result of dividing the amount of (a) bad debt write-downs, discounts (other than customary early payment discounts), advertising allowances, credits, or other dilutive items with respect to Canadian Borrower's Accounts during such period, by (b) Canadian Borrower's ▇▇▇▇▇▇▇▇ with respect to Accounts during such period.
Canadian Dilution means, as of any date of determination, a percentage, to be determined by Lender based upon the results of Lender's audit, appraisal, and standard due diligence of the Canadian Obligors, that is the result of dividing (a) the Canadian dollar amount of (a) bad debt write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to the accounts of the Canadian Obligors during such period, by (b) the Canadian dollar amount of the Canadian Obligors' Collections with respect to accounts during such period (excluding extraordinary items) plus the Canadian dollar amount of clause (a).