Dutch Dilution Reserve definition
Dutch Dilution Reserve means, at any date, (i) the amount by which the consolidated Dilution Ratio of Eligible Dutch Accounts exceeds five percent (5%) multiplied by (ii) the Eligible Dutch Accounts on such date.
Dutch Dilution Reserve with respect to an Applicable Dutch Borrower, without duplication of any other reserves or items that are otherwise addressed or excluded through eligibility criteria, the aggregate amount of reserves, as established by the Agent from time to time, in an amount equal to the Value of the Applicable Dutch Borrower’s Eligible Accounts multiplied by 1% for each percentage point (or portion thereof) that the Applicable Dutch Borrower’s Dilution Percent exceeds 5%.
Dutch Dilution Reserve means, as of any date of determination, as to the Accounts owned by the Dutch Credit Parties, an amount sufficient to reduce the advance rate against Eligible Accounts owned by the Dutch Credit Parties (determined without regard to the application of clause (x) of the fourth sentence of the definition of “Eligible Accounts”) by one (1) percentage point (1.00%) for each percentage point by which Dilution of the Accounts owned by the Dutch Credit Parties is in excess of 5.00%.