Dilution Reserve Amount means, at any time, an amount equal to the product of (i) the Dilution Reserve Percentage at such time and (ii) the Net Receivables Balance at such time.
Dilution Reserve Amount means, on any day, the product of (i) the Dilution Reserve Percentage and (ii) the Net Receivables Balance on such day.
Dilution Reserve Amount means, (A) for each Settlement Date prior to the Facility Termination Date, an amount equal to the product of (i) the Settlement Date Receivables Balance on such Settlement Date and (ii) the Dilution Discount Amount Percentage for such Settlement Date, (B) for each Settlement Date on or following the Facility Termination Date on which the Funded Amount is greater than zero, an amount equal to the lesser of (i) the Dilution Reserve Payment Amount and (ii) (a) the Settlement Date Receivables Balance minus (b) the Mandatory Repurchase Reserve Amount, and (C) for each other Settlement Date, zero, provided that, following the Facility Termination Date, the Bank Purchasing Agent at any time may reduce the Dilution Reserve Amount and increase either or both of the Mandatory Repurchase Reserve Amount and the Yield Reserve Amount by a corresponding total amount, whereupon the Dilution Reserve Amount, the Mandatory Repurchase Reserve Amount and the Yield Reserve Amount shall be adjusted accordingly.
Examples of Dilution Reserve Amount in a sentence
Total AR Availability 0.00 U.S. AR AVAILABILITY: THE LESSER OF $ 50,000,000.00 OR Line 1 0.00 BALANCE PER AGINGS as of xx/xx/xxxx 0.00 Less: Unapplied Cash Less: Ineligible Accounts Receivable 0.00 ELIGIBLE ACCOUNTS RECEIVABLE 0.00 Times: Accounts Receivable Advance Rate: 85% 85 % ACCOUNTS RECEIVABLE AVAILABILITY 0.00 Dilution Reserve (Amount > 5%) 0.00 Other Reserve 0.00 Other Reserve 0.00 Other Reserve 0.00 2.
As U.S. Borrower As Canadian Borrower As Canadian Borrower By: By: By: Title: Title: Title: Date: Date: Date: BALANCE PER AGINGS as of xx/xx/xxxx 0.00 Less: Unapplied Cash Less: Ineligible Accounts Receivable 0.00 ELIGIBLE ACCOUNTS RECEIVABLE 0.00 Times: Accounts Receivable Advance Rate: 85% 85 % ACCOUNTS RECEIVABLE AVAILABILITY 0.00 Dilution Reserve (Amount > 5%) 0.00 Other Reserve 0.00 Other Reserve 0.00 Other Reserve 0.00 1.
More Definitions of Dilution Reserve Amount
Dilution Reserve Amount means, on any day, the product of (i) the Dilution Reserve Percentage and (ii) the Net Receivables Balance on such day. “Dilution Reserve Percentage” shall mean, on any day, a percentage equal to the greater of (i) 5.0% (the “Dilution Reserve Floor”) and (ii) the amount expressed as a percentage and calculated in accordance with the following formula: {(SF x ED) + ((DS – ED) x (DS/ED))} x DHR Where: SF = the Stress Factor; ED = the average of the Dilution Ratios for the twelve most recently ended Calculation Periods; DS = the highest three month average Dilution Ratio during the twelve most recently ended Calculation Periods; and DHR = the Dilution Horizon Ratio at such time. “Distribution Date” shall mean each of (i) before the Termination Date, (a) the second (2nd) Business Day after each Monthly Report Date and (b) the Business Day after each Weekly Report Date and (ii) on and after the Termination Date, each Business Day. “Dollar” and “$” shall mean lawful currency of the United States of America. “Downgrade Event” shall mean that the Parent’s senior unsecured debt rating shall be rated below Ba3 from Moody’s or BB- from S&P, as applicable, or suspended or withdrawn. “Early Opt-in Election” shall mean, if the then-current Benchmark is LIBOR, the occurrence of: (a) a notification by the Administrative Agent to (or the request by the Seller to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate
Dilution Reserve Amount. Dilution Reserve Percentage x Total Fundable Debts where: “Dilution Reserve Percentage” means, on any Monthly Reporting Date or any Utilisation Date, the fraction expressed as a percentage calculated in accordance with the following formula: DRP = {(SF x ED)+(DS-ED) x DS/ED} x DHR where: SF = stress factor multiple of 2.5; ED = Expected Dilutions as at the most recent Monthly Reporting Date; DS = Dilution Spike as at the most recent Monthly Reporting Date; and DHR = Dilution Horizon Ratio as at the most recent Monthly Reporting Date. “Dilution Horizon Ratio” means, on any Monthly Reporting Date, the ratio expressed as a percentage determined by dividing (i) the aggregate Sterling amount of all Sales generated during the Dilution Horizon ending on the last date of the most recently ended Monthly Reporting Period by (ii) the aggregate outstanding Sterling amount of all Eligible Debts as on the last date of the most recently ended Monthly Reporting Period. “Dilution Ratio” means, on any Monthly Reporting Date, the ratio expressed as a percentage determined by dividing (i) the aggregate Sterling amount of all Dilutions suffered in respect of Debts (excluding, for the avoidance of doubt, Unbilled Debts)
Dilution Reserve Amount has the meaning given to it in part 1 of schedule 2.
Dilution Reserve Amount means, (A) for each Settlement Date prior to the Facility Termination Date, an amount equal to the product of (i) the Net Batch Amount for the most recently ended Collection Period and (ii) the Dilution Discount Amount Percentage for such Settlement Date, (B) for each Settlement Date on or following the Facility Termination Date on which the Funded Amount is greater than zero, an amount equal to the lesser of (i) the Dilution Reserve Payment Amount and (ii) (a) the Settlement Date Receivables Balance minus (b) the Mandatory Repurchase Reserve Amount, and (C) for each other Settlement Date, zero.
Dilution Reserve Amount means, as of any Calculation Date, the product of (a) the Eligible Billed and Unbilled Receivables Balance as of that Calculation Date and (b) the Dynamic Dilution Reserve Percentage as of that date.
Dilution Reserve Amount means, at any time, an amount equal to the product of (i) the Dilution Reserve Percentage at such time and
Dilution Reserve Amount means, at any time, an amount equal to the product of (i) the Dilution Reserve Percentage at such time and(ii) the Net Receivables Balance at such time.