{"component": "definition", "props": {"groups": [{"size": 5, "snippet": "means for any calendar month the average of the Dilution Ratios for the 12 most recently ended calendar months.", "snippet_links": [{"key": "most-recently-ended", "type": "definition", "offset": [75, 94]}, {"key": "calendar-months", "type": "clause", "offset": [95, 110]}], "samples": [{"hash": "iRQPIxzcSZL", "uri": "/contracts/iRQPIxzcSZL#average-dilution-ratio", "label": "Receivables Purchase and Sale Agreement (Northeast Utilities System)", "score": 18.0, "published": true}, {"hash": "dy2Gt4yKEuk", "uri": "/contracts/dy2Gt4yKEuk#average-dilution-ratio", "label": "Receivables Purchase and Sale Agreement (North Atlantic Energy Corp /Nh)", "score": 18.0, "published": true}], "hash": "cd7d1635c3a86705a921a9bdce9b4bca", "id": 1}, {"size": 3, "snippet": "means, as of any date of determination, the average of the Dilution Ratios calculated over the twelve preceding calendar months.", "snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [17, 38]}, {"key": "calendar-months", "type": "clause", "offset": [112, 127]}], "samples": [{"hash": "hsNBb6CyRQ", "uri": "/contracts/hsNBb6CyRQ#average-dilution-ratio", "label": "Credit and Security Agreement (Bausch Health Companies Inc.)", "score": 35.1409988403, "published": true}, {"hash": "bzvMNYfwAlV", "uri": "/contracts/bzvMNYfwAlV#average-dilution-ratio", "label": "Credit and Security Agreement (Bausch Health Companies Inc.)", "score": 34.5112953186, "published": true}], "hash": "232eb54b638be2f345e8517f38f8afeb", "id": 2}, {"size": 2, "snippet": "means, as of any date of calculation, the average of the Dilution Ratios for the twelve most recent Accounting Periods.", "snippet_links": [{"key": "date-of-calculation", "type": "definition", "offset": [17, 36]}, {"key": "accounting-periods", "type": "clause", "offset": [100, 118]}], "samples": [{"hash": "a9BoJHCG4ck", "uri": "/contracts/a9BoJHCG4ck#average-dilution-ratio", "label": "Receivables Purchase Agreement (Volt Information Sciences, Inc.)", "score": 18.0, "published": true}, {"hash": "gHyl7lgfnde", "uri": "https://investor.volt.com/all-sec-filings/content/0001157523-08-007299/0001157523-08-007299.pdf", "label": "investor.volt.com", "score": 8.362080574, "published": false}], "hash": "79203a714237e8eb5a4c3189d98d9062", "id": 3}, {"size": 2, "snippet": "is defined in Annex X to the Agreement.", "snippet_links": [{"key": "annex-x", "type": "definition", "offset": [14, 21]}, {"key": "the-agreement", "type": "clause", "offset": [25, 38]}], "samples": [{"hash": "6w8EIwUYbPc", "uri": "/contracts/6w8EIwUYbPc#average-dilution-ratio", "label": "Pooling and Servicing Agreement (Stone Container Corp)", "score": 18.0, "published": true}, {"hash": "51mfezw3fFy", "uri": "/contracts/51mfezw3fFy#average-dilution-ratio", "label": "Pooling and Servicing Agreement (Stone Container Corp)", "score": 18.0, "published": true}], "hash": "6e2f1dfefd9a85c980b35c686ca84369", "id": 4}, {"size": 2, "snippet": "\u201cCombined Reserve,\u201d \u201cCross-Aged Obligor,\u201d \u201cDays\u2019 Sales Outstanding,\u201d \u201cDefault Ratio,\u201d \u201cDelinquency Ratio,\u201d \u201cDilution,\u201d \u201cDilution Horizon Factor,\u201d \u201cDilution Ratio,\u201d \u201cDilution Reserve Percentage,\u201d \u201cDilution Spike,\u201d \u201cDilution Volatility,\u201d \u201cDirect-Pay LC Reserve,\u201d \u201cEligible Obligor,\u201d \u201cEligible Receivable,\u201d \u201cFee Reserve,\u201d \u201cLoss Ratio,\u201d \u201cLoss Horizon Factor,\u201d \u201cLoss Ratio,\u201d \u201cLoss Reserve Floor Percentage,\u201d \u201cLoss Reserve Percentage,\u201d \u201cMaximum Bond Rate,\u201d \u201cOutstanding Bond Balance,\u201d \u201cServicing Fee Reserve Percentage,\u201d \u201cSpecial Concentration Limit,\u201d \u201cStress Factor,\u201d \u201cTermination Event,\u201d \u201cThree Month Aged Receivables Ratio,\u201d \u201cThree Month Default Ratio,\u201d \u201cThree Month Delinquency Ratio,\u201d \u201cThree Month Dilution Ratio,\u201d \u201cYield Reserve\u201d or \u201cYield Reserve Percentage,\u201d (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses, or (I) otherwise materially and adversely affect the rights of any such Purchaser hereunder. No failure on the part of the Purchasers or the Administrative Agent to exercise, and no delay in exercising any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right.", "snippet_links": [{"key": "combined-reserve", "type": "definition", "offset": [1, 17]}, {"key": "default-ratio", "type": "clause", "offset": [70, 83]}, {"key": "delinquency-ratio", "type": "definition", "offset": [87, 104]}, {"key": "dilution-horizon-factor", "type": "definition", "offset": [120, 143]}, {"key": "dilution-ratio", "type": "definition", "offset": [147, 161]}, {"key": "dilution-reserve-percentage", "type": "definition", "offset": [165, 192]}, {"key": "dilution-spike", "type": "definition", "offset": [196, 210]}, {"key": "dilution-volatility", "type": "definition", "offset": [214, 233]}, {"key": "lc-reserve", "type": "definition", "offset": [248, 258]}, {"key": "eligible-obligor", "type": "definition", "offset": [262, 278]}, {"key": "eligible-receivable", "type": "clause", "offset": [282, 301]}, {"key": "loss-ratio", "type": "definition", "offset": [320, 330]}, {"key": "loss-horizon-factor", "type": "definition", "offset": [334, 353]}, {"key": "loss-reserve-floor-percentage", "type": "definition", "offset": [371, 400]}, {"key": "loss-reserve-percentage", "type": "definition", "offset": [404, 427]}, {"key": "maximum-bond-rate", "type": "definition", "offset": [431, 448]}, {"key": "outstanding-bond-balance", "type": "definition", "offset": [452, 476]}, {"key": "servicing-fee-reserve-percentage", "type": "definition", "offset": [480, 512]}, {"key": "special-concentration-limit", "type": "definition", "offset": [516, 543]}, {"key": "stress-factor", "type": "definition", "offset": [547, 560]}, {"key": "termination-event", "type": "definition", "offset": [564, 581]}, {"key": "three-month-aged-receivables-ratio", "type": "definition", "offset": [585, 619]}, {"key": "yield-reserve-percentage", "type": "definition", "offset": [734, 758]}, {"key": "defined-term", "type": "clause", "offset": [785, 797]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [824, 846]}, {"key": "in-clauses", "type": "clause", "offset": [874, 884]}, {"key": "the-restrictions", "type": "clause", "offset": [958, 974]}, {"key": "adversely-affect", "type": "definition", "offset": [1034, 1050]}, {"key": "rights-of", "type": "definition", "offset": [1055, 1064]}, {"key": "purchaser-hereunder", "type": "clause", "offset": [1074, 1093]}, {"key": "of-the-purchasers", "type": "clause", "offset": [1118, 1135]}, {"key": "the-administrative-agent", "type": "definition", "offset": [1139, 1163]}, {"key": "to-exercise", "type": "clause", "offset": [1164, 1175]}, {"key": "no-delay", "type": "clause", "offset": [1181, 1189]}, {"key": "exercise-of", "type": "clause", "offset": [1291, 1302]}, {"key": "further-exercise", "type": "clause", "offset": [1345, 1361]}], "samples": [{"hash": "i67Oqe8ZJjY", "uri": "/contracts/i67Oqe8ZJjY#average-dilution-ratio", "label": "Receivables Purchase Agreement and Purchase and Sale Agreement (Armstrong World Industries Inc)", "score": 23.1546878815, "published": true}, {"hash": "9Ewx9D2OiYU", "uri": "/contracts/9Ewx9D2OiYU#average-dilution-ratio", "label": "Receivables Purchase Agreement (Armstrong World Industries Inc)", "score": 21.9500350952, "published": true}], "hash": "a93a5c1ea8ae017c71b82c7b3ca0efee", "id": 5}, {"size": 2, "snippet": "means, for any calendar month, the product of (i) the sum of (A) the Dilution Ratio for such calendar month plus (B) 50% of the Dilution Ratio for the immediately preceding calendar month multiplied by (ii) 0.", "snippet_links": [{"key": "calendar-month", "type": "definition", "offset": [15, 29]}, {"key": "the-product", "type": "definition", "offset": [31, 42]}, {"key": "sum-of", "type": "clause", "offset": [54, 60]}, {"key": "dilution-ratio", "type": "definition", "offset": [69, 83]}], "samples": [{"hash": "jlS8mNRsLtM", "uri": "/contracts/jlS8mNRsLtM#average-dilution-ratio", "label": "Receivables Purchase Agreement (AbitibiBowater Inc.)", "score": 21.0, "published": true}, {"hash": "iWvDA9TwMqe", "uri": "/contracts/iWvDA9TwMqe#average-dilution-ratio", "label": "Receivables Purchase Agreement (AbitibiBowater Inc.)", "score": 21.0, "published": true}], "hash": "6b668b3cc52a355f26080af82ffece52", "id": 6}, {"size": 2, "snippet": "means, for any three consecutive Calculation Periods, a ratio equal to the sum of the Dilution Ratios shown on the Settlement Statement for each such Calculation Period divided by 3.", "snippet_links": [{"key": "calculation-periods", "type": "definition", "offset": [33, 52]}, {"key": "equal-to", "type": "definition", "offset": [62, 70]}, {"key": "sum-of", "type": "clause", "offset": [75, 81]}, {"key": "the-settlement-statement", "type": "clause", "offset": [111, 135]}, {"key": "divided-by", "type": "clause", "offset": [169, 179]}], "samples": [{"hash": "c1ighZjkwcP", "uri": "/contracts/c1ighZjkwcP#average-dilution-ratio", "label": "Receivables Purchase Agreement (Gaylord Container Corp /De/)", "score": 18.0, "published": true}, {"hash": "9gco2JbhJfv", "uri": "/contracts/9gco2JbhJfv#average-dilution-ratio", "label": "Pooling and Servicing Agreement (Gaylord Container Corp /De/)", "score": 18.0, "published": true}], "hash": "6a775e164f9cd41c3d042ee06024e1be", "id": 7}, {"size": 2, "snippet": "means, as at any Determination Date and continuing until (but not including) the next Determination Date, the average of the Dilution Ratios for the twelve (12) consecutive Settlement Periods ending immediately prior to such Determination Date.", "snippet_links": [{"key": "determination-date", "type": "clause", "offset": [17, 35]}, {"key": "settlement-periods", "type": "definition", "offset": [173, 191]}, {"key": "prior-to", "type": "definition", "offset": [211, 219]}, {"key": "such-determination", "type": "definition", "offset": [220, 238]}], "samples": [{"hash": "knJx8QV1Nu6", "uri": "https://www.sec.gov/Archives/edgar/data/94610/000110465904037491/a04-14048_1ex4d3.htm", "label": "Master Indenture (Smurfit-Stone Container Enterprises Inc)", "score": 9.0, "published": false}, {"hash": "b46Xv2wV8lt", "uri": "https://www.sec.gov/Archives/edgar/data/94610/000110465904037491/a04-14048_1ex4d2.htm", "label": "Master Indenture (Smurfit-Stone Container Enterprises Inc)", "score": 9.0, "published": false}], "hash": "70a709c4f6033fb70484fede562d4434", "id": 8}, {"size": 2, "snippet": "means, on any Calculation Date, the fraction expressed as a percentage obtained by dividing (A) the aggregate of the Dilution Ratios on that Calculation Date and the preceding two Calculation Dates by (B) three;", "snippet_links": [{"key": "a-percentage", "type": "definition", "offset": [58, 70]}, {"key": "calculation-dates", "type": "clause", "offset": [180, 197]}], "samples": [{"hash": "7Gqvl2CtB68", "uri": "/contracts/7Gqvl2CtB68#average-dilution-ratio", "label": "Deed of Amendment (Buhrmann Nv)", "score": 19.0, "published": true}], "hash": "5e9aafbfc6904de4d9930c87d74b7c97", "id": 9}, {"size": 1, "snippet": "means, as of any Determination Date and continuing until (but not including) the next Determination Date, the average of the Dilution Ratios for the twelve (12) consecutive Settlement Periods ending immediately prior to such Determination Date.", "snippet_links": [{"key": "determination-date", "type": "clause", "offset": [17, 35]}, {"key": "settlement-periods", "type": "definition", "offset": [173, 191]}, {"key": "prior-to", "type": "definition", "offset": [211, 219]}, {"key": "such-determination", "type": "definition", "offset": [220, 238]}], "samples": [{"hash": "c3pZmbaKSF7", "uri": "/contracts/c3pZmbaKSF7#average-dilution-ratio", "label": "Pooling and Servicing Agreement (Stone Container Corp)", "score": 18.0, "published": true}], "hash": "b69b0c65f7f3f6aed1ac7b3a78438b72", "id": 10}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIfYXZlcmFnZS1kaWx1dGlvbi1yYXRpbyMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 28, "snippet": "means for any calendar month the average of the Dilution Ratios for the 12 most recently ended calendar months.", "title": "Average Dilution Ratio", "id": "average-dilution-ratio", "examples": ["<strong>Average Dilution Ratio</strong> Average Aged Receivable Ratio (Above 60 days) Average Delinquency Ratio (31-60 Days Past Due) The undersigned, an Officer of Vantico Group S.\u00e0.\u2587.\u2587., as Master Servicer, certifies that the information set forth above is true and correct and it has performed in all material respects all of its obligations as Servicer under the Servicing Agreements required to be performed as of the date hereof."], "related": [["dilution-ratio", "Dilution Ratio", "Dilution Ratio"], ["adjusted-dilution-ratio", "Adjusted Dilution Ratio", "Adjusted Dilution Ratio"], ["dilution-horizon-ratio", "Dilution Horizon Ratio", "Dilution Horizon Ratio"], ["consolidated-capitalization-ratio", "Consolidated Capitalization Ratio", "Consolidated Capitalization Ratio"], ["fully-diluted-weighted-average-basis", "Fully Diluted Weighted Average Basis", "Fully Diluted Weighted Average Basis"]], "related_snippets": [], "updated": "2025-07-18T05:45:24+00:00"}, "json": true, "cursor": ""}}