Specifically Reserved Dilution Amount definition
Specifically Reserved Dilution Amount means, at any time, the aggregate amount then recorded on the books and records of the Originators as the aggregate accrued liability for future deductions or rebate payments related to trade and marketing activities of the Originators with respect to the Pool Receivables.
Specifically Reserved Dilution Amount means for any Fiscal Month, an amount computed on the last day of such Fiscal Month, equal to the greater of:
Specifically Reserved Dilution Amount means, on any day, an amount equal to the sum of: (a) the Volume Rebate Accrual, plus (b) the Service Level Agreement Accrual.
Examples of Specifically Reserved Dilution Amount in a sentence
Without limiting the foregoing, each calculation of the Aggregate Eligible Receivables Balance, the Adjusted Net Receivables Pool Balance, the Capital Coverage Amount, any Capital Coverage Deficit, the Net Receivables Pool Balance, the Specifically Reserved Dilution Amount and the Deferred Revenue Offset Amount, in any case, in or constituting a part of any such Pool Report, Investment Request, certificate, report, statement, document or other written information is true and correct as of the date thereof.
More Definitions of Specifically Reserved Dilution Amount
Specifically Reserved Dilution Amount means at any time the amount, determined as of the most recent month-end date, of reserves or liabilities set forth on the books and records of the Originators or Seller, as applicable, related to, or in anticipation of customer rebates and other credits, deductions or reductions with respect to Eligible Receivables, in each case to the extent such amounts have not been applied at such time to reduce the Outstanding Balance of the Eligible Receivables.
Specifically Reserved Dilution Amount means, at any time, the aggregate amount of reserves or liabilities (including in respect of Initial Valuation Adjustments) set forth on the balance sheet and books and records of the Seller-Related Parties related to, or in anticipation of, contractual discounts, customer rebates, incentives and similar credits, deductions or reductions with respect to Pool Receivables, in each case, (i) determined in accordance with the Seller-Related Parties’ customary practices, the terms of the related Contracts, historical collection experience, the Credit and Collection Policy, reimbursement rates and GAAP and (ii) only to the extent such amounts have not been applied at such time to reduce the Outstanding Balance of the affected Pool Receivables at such time.
Specifically Reserved Dilution Amount means, for any calendar month, the sum of the amounts reserved in the balance sheet of each Originator for (i) volume rebates and (ii) potential credits relating to the voluntary recall announced by the Servicer in a public filing on January 10, 2012.
Specifically Reserved Dilution Amount means for any Fiscal Month, an amount (expressed as a positive value) computed on the last day of such Fiscal Month, equal to the product of (a) two (2) (or such other amount as determined by the Administrator) and (b) the greater of (i) the sum of the credits accrued for as a liability on each Originator’s books and records in the ordinary course of business according to policies consistently applied related to customer rebates during the most recent Fiscal Month, (ii) the sum of debits applied against the liability on each Originator’s books and records in the ordinary course of business according to policies consistently applied related to customer rebates during the most recent Fiscal Month and (iii) the monthly average of amounts calculated in clause (i) above during the twelve (12) most recent Fiscal Months.
Specifically Reserved Dilution Amount means, on any date of determination, an amount (expressed as a positive value) computed on such date of determination, equal to product of (a) three (3) (or such other amount as consented to by all Committed Lenders) and (b) the greatest of (i) the sum of the credits accrued for as a liability on each Originator’s books and records in the ordinary course of business according to policies consistently applied related to Volume Rebates, Timely Payment Discounts, and Commissions during the most recently ended fiscal month of the Master Servicer, (ii) the sum of debits applied against the liability on each Originator’s books and records in the ordinary course of business according to policies consistently applied related to Volume Rebates, Timely Payment Discounts, and Commissions during the most recently ended fiscal month of the Master Servicer and (iii) the monthly average of amounts calculated in clause (i) above during the twelve (12) most recently ended fiscal months of the Servicer.
Specifically Reserved Dilution Amount means the positive difference, if any, between (a) Specific Dilution Amount for such fiscal month and (b) Other Receivables for such fiscal month.
Specifically Reserved Dilution Amount set forth in Exhibit I to the Agreement is hereby amended and restated in its entirety as follows: