Dilution Reserve Percentage definition
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.