UK Dilution Reserve means, as of any date of determination, an amount sufficient to reduce the advance rate against the applicable Eligible Accounts of the UK Borrowers by 1 percentage point for each percentage point by which UK Dilution is in excess of 5%.
UK Dilution Reserve a reserve established by Agent in its Permitted Discretion if the Dilution Percent of UK Borrower for any period exceeds such Dilution Percent in existence on the Closing Date, which reserve shall be in an amount equal to 1.0% of Eligible UK Accounts for each whole percentage point (or fraction thereof) that Dilution Percent of UK Borrower exceeds such percentage.
UK Dilution Reserve means, as of any date of determination, with respect to the advance rate applicable to (i) UK Eligible Accounts, (ii) UK Eligible Foreign Accounts and (iii) UK Eligible Government Accounts, in each case, an amount sufficient to reduce such advance rate by 1 percentage point for each percentage point by which UK Dilution is in excess of 5%.
Examples of UK Dilution Reserve in a sentence
That is to say, researchers have differed in how they classify behaviours as phenotypic.
UK Dilution Reserve: a reserve established by Agent in its Permitted Discretion if the Dilution Percent of UK Borrower for any period exceeds such Dilution Percent in existence on the Restatement Effective Date, which reserve shall be in an amount equal to 1.0% of Eligible UK Accounts for each whole percentage point (or fraction thereof) that Dilution Percent of UK Borrower exceeds such percentage.
More Definitions of UK Dilution Reserve
UK Dilution Reserve with respect to the UK Borrower at any date, the amount equal to the UK Dilution Ratio times the amount of Eligible UK Accounts at such date.
UK Dilution Reserve means, as of any date of determination, an amount sufficient to reduce the advance rate against U.K. Eligible Accounts by 1 percentage point for each percentage point by which U.K. Dilution is in excess of 5%.
UK Dilution Reserve means, as of any date of determination, as to the Accounts owned by the U.K. Credit Parties, an amount sufficient to reduce the advance rate against Eligible Accounts owned by the U.K. 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 U.K. Credit Parties is in excess of 5.00%.
UK Dilution Reserve a reserve established by Agent in its Permitted Discretion in an amount equal to 1.0% of Eligible UK Accounts of a UK Borrowing Base Party for each whole percentage point (or fraction thereof) that the Dilution Percent of such UK Borrowing Base Party exceeds 5.0%.
UK Dilution Reserve with respect to an Applicable UK Borrower, the aggregate amount of reserves, as established by the Agent from time to time, in an amount equal to the Value of the Applicable UK Borrower’s Eligible Accounts multiplied by 1.0% for each percentage point (or portion thereof) that the Applicable UK Borrower’s Dilution Percent exceeds 5.0%.