Dilution Rate definition
Examples of Dilution Rate in a sentence
If, at any time after Agent’s reduction of the Receivables Advance Rate, it is determined that there is no longer a Dilution Rate Increase, the Receivables Advance Rate shall be automatically restored to eighty-five percent (85%) so long as no Default or Event of Default is then existing, subject to further adjustment as provided above.
The Receivables Advance Rate may be (i) increased by Agent at any time or from time to time in its sole discretion or (ii) decreased by Agent at any time and from time to time on account of any Dilution Rate Increase but in no event by more than the same percentage as such Dilution Rate Increase.
Failing or as an alternative to such discharge and without prejudice to the liability of the Trustee under this Clause 3.4, MPF shall be entitled, without any liability for any loss arising as a result thereof, to cancel Contribution Units allocated to the Trustee under the Policy equivalent in value (at the Unit Price applicable to those Units at such time and such Dilution Rate as MPF may in its discretion determine) to the amount of that liability.
Failure to comply with the Debt Turn and Dilution Rate covenants shall not constitute and does not result in an event of default or Termination Event under the Facilities but the Lenders (acting reasonably and in good faith) shall be entitled to make a proportionate and commensurate reserve against Availability to reflect the increased risk associated with such non-compliance..
The words "Borrowing Base" mean (1) The lesser of (a) $20,000,000.00 or (b) 80% of the aggregate amount of Eligible Accounts if the Dilution Rate is equal or less than 10% or; (2) The lesser of (a) $20,000,000.00 or (b) 70% of the aggregate amount of Eligible Accounts if the Dilution Rate is greater than 10% but less than 15%, minus the aggregate amount of reserves, if any, established by Lender.