Carrying Cost Reserve Percentage definition

Carrying Cost Reserve Percentage means, at any time, the product of (i) 1.5, (ii) the Default Rate and (iii) a fraction, the numerator of which is the highest Days’ Sales Outstanding for the prior twelve (12) Calculation Periods, and the denominator of which is 360.
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Carrying Cost Reserve Percentage means, at any time, a percentage equal to:
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Carrying Cost Reserve Percentage in Section 1.01 is hereby amended to read in its entirety as follows:
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More Definitions of Carrying Cost Reserve Percentage

Carrying Cost Reserve Percentage set forth in Exhibit I of the Receivables Purchase Agreement is amended by deleting the number “2.25” where it appears therein and substituting the number “2.00” therefor.
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Related to Carrying Cost Reserve Percentage

  • Loss Reserve Percentage means, on any date, the product of (A) 2.25 times (B) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (C) the Loss Horizon Ratio.

  • Dilution Reserve Percentage means, on any day, the product of (a) the Dilution Horizon Ratio, multiplied by (b) the sum of (i) 2.25 times the average of the Dilution Ratios for the twelve most recent Fiscal Months, plus (ii) the Dilution Volatility Component.