Dilution Reserve Percentage definition

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.

Dilution Reserve Percentage means, on any day, the product of (a) 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, multiplied by (b) the Dilution Horizon Ratio.

Dilution Reserve Percentage means, on any Settlement Date (and any subsequent date until the following Settlement Date), the product of (i) the Dilution Horizon Ratio multiplied by (ii) the sum of (x) the Dilution Reserve Stress Factor times the average of the Dilution Ratios for the twelve most recent Calculation Periods and (y) the Spike Factor.

Examples of Dilution Reserve Percentage in a sentence

• U.S. Dilution Reserve Percentage: as of any time, the U.S. Dilution Percentage as of such time minus five percent (5%); provided that if the U.S. Dilution Percentage as of such time is below five percent (5%), then the U.S. Dilution Reserve Percentage as of such time shall be deemed to be zero percent (0%).

• With respect to any Settlement Date, the period beginning on the first Monday (or, in the case of the first such period for all purposes other than calculation of the Required Reserve Percentage, the Dilution Reserve Percentage, the Discount Reserve Percentage, the Loss Reserve Percentage and the F/X Reserve Percentage, beginning on the Closing Date) and ending on the last Sunday of the Fiscal Month of the Parent or the Borrower most recently ended prior to such Settlement Date.

• To the extent that such recalculation indicates a period of time which materially differs from 1.5 months, the Servicer will adjust its calculation of the Class A Dynamic Loss and Dilution Reserve Percentage and the Class B Dynamic Loss and Dilution Reserve Percentage under each Supplement, subject to satisfaction of the Rating Agency Condition.

• As of any date of determination, the total amount of reserves, expressed as a percentage of the Net Eligible Receivables Balance, equal to the sum of the Dilution Reserve Percentage, the Discount Reserve Percentage, the Loss Reserve Percentage and the F/X Reserve Percentage.

More Definitions of Dilution Reserve Percentage

Dilution Reserve Percentage means, on any date, the greater of (i) the Dilution Reserve Floor and (ii) the amount expressed as a percentage and calculated in accordance with the following formula: DRP = {(SF x ED) + ((DS – ED) x (DS / ED))} x DHR where: SF = 2.25. ED = the average of the Dilution Ratios for the twelve (12) most recently ended calendar months. DS = the highest Dilution Ratio during the twelve (12) most recently ended calendar months. DHR = the Dilution Horizon Ratio at such time.

Dilution Reserve Percentage means for any Receivable Interest at any time an amount equal to: Where: Stress Factor = 2.25 Expected Dilution Ratio = the 12 month rolling average of the Reserve Dilution Ratio Dilution Volatility = (Dilution Spike - Expected Dilution Ratio) x (Dilution Spike divided by Expected Dilution Ratio) Dilution Spike = the highest Reserve Dilution Ratio as of the last day of each of the 12 months immediately preceding such day Dilution Horizon Ratio = the aggregate amount of newly generated Receivables during the most recent two months divided by the Net Receivables Pool Balance as of the last day of the most recent month.

Dilution Reserve Percentage means, on any day, an amount equal to: Where: ADR = the average Dilution Ratio in respect of the 12 calendar month period then most recently ended. DS = the highest Dilution Ratio at any time during the 12 calendar month period then most recently ended. DH = the Dilution Horizon on such date.

Dilution Reserve Percentage means the greater of (a) 6.00% and (b) the following:

Dilution Reserve Percentage means, on any date of determination, the greater of (i) the Dilution Reserve Percentage Floor and (ii) the percentage determined pursuant to the following formula: {(2.00 x ED) + [(DS - ED) x (DS/ED) ]} x DHR ED = the Expected Dilution on such date; DS = the Dilution Spike as of such date; and DHR = the Dilution Horizon Ratio on such date.

Dilution Reserve Percentage means the percentage computed as of the last day of each calendar month as: [(2.25 x EDR) - ECDR] + [(DS - EDR) x (DS /EDR)] x DHR Where DS = the Dilution Spike at such time; EDR = the Expected Dilution Ratio at such time; ECDR = the Expected Contractual Dilution Ratio at such time; and DHR = the Dilution Horizon Ratio at such time.

Dilution Reserve Percentage means, with respect to any date of determination, an amount equal to: DHR x {(2.25 x ADR) + DVC} where: ADR = the Adjusted Dilution Ratio on such day, DHR = the Dilution Horizon Ratio on such day, and DVC = Dilution Volatility Component on such day.