Canadian Dilution Reserve definition

Canadian Dilution Reserve means, at any date, (i) the amount (stated in percentage terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts exceeds five percent (5%) multiplied by (ii) the Eligible Canadian Accounts on such date.
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Canadian Dilution Reserve as of any date of determination with respect to the advance rate applicable to Eligible Accounts of the Canadian Borrowers, an amount sufficient to reduce such advance rate by 1 percentage point for each percentage point by which Canadian Dilution is in excess of 5%.
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Canadian Dilution Reserve means, at any date, (i) (x) the amount (stated in percentage terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts exceeds (A) five percent (5%), or (B) during the period commencing on May 1 of any calendar year and ending on September 30 of such year, two and a half percent (2.5%), in each case multiplied by (y) the Eligible Canadian Accounts (other than Eligible Investment Grade Accounts) on such date; and (ii) (x) the amount (stated in percentage terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts exceeds two and a half percent (2.5%) multiplied by (y) the Eligible Investment Grade Accounts of Canadian Borrowers on such date.
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More Definitions of Canadian Dilution Reserve

Canadian Dilution Reserve a reserve in an amount equal to 1.0% of the Value of Eligible Accounts of Canadian Borrowers for each percentage point (or portion thereof) that the Dilution Percent applicable to Canadian Borrowers exceeds 5%.
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Canadian Dilution Reserve means, as of any date of determination, the positive sum, if any, of (x) the product of the Canadian Dilution Percentage and the Value of the Eligible Canadian Accounts, in each case, as of such date, plus (y) the amount, if any, by which the difference between the Canadian Borrower’s and the Canadian Subsidiary Guarantor’s aggregate account receivables general lender reserve minus the aggregate Canadian Borrower’s and the Canadian Subsidiary Guarantors’ Dilutive Items, exceeded the Canadian Portion of $3,000,000 as of such date of determination.
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Canadian Dilution Reserve the aggregate amount of reserves, as established by Agent from time to time in its Permitted Discretion, in an amount equal to the Value of the Canadian Eligible Accounts multiplied by 1.0% for each percentage point (or portion thereof) that the Canadian Domiciled Obligors’ Dilution Percent exceeds 5.0%.
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Canadian Dilution Reserve means, at any date, (i) (x) the amount (stated in percentage terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts exceeds (A) five percent (5%), or (B) during the period commencing on May 1 of any calendar year and ending on September 30 of such year, two and a half percent (2.5%), in each case multiplied by (y) the Eligible Canadian Accounts (other than Eligible Investment Grade Accounts) on such date; and
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Canadian Dilution Reserve means, at any date, (i) (x) the amount (stated in percentage terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts exceeds five percent (5%) multiplied by (y) the Eligible Canadian Accounts (other than Eligible Investment Grade Accounts) on such date and (ii) (x) the amount (stated in percentage terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts exceeds two and a half percent (2.5%) multiplied by (y) the Eligible Investment Grade Accounts of Canadian Borrowers on such date.
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Canadian Dilution Reserve means, as of any date of determination, as to the Accounts owned by the Canadian Credit Parties, an amount sufficient to reduce the advance rate against Eligible Accounts owned by the Canadian 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 Canadian Credit Parties is in excess of 5.00%.
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Related to Canadian Dilution Reserve

  • Dilution Reserve means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts by the extent to which Dilution is in excess of 5%.

  • Dilution Reserve Percentage means, on any day, the product of (a) the Dilution Horizon Ratio, multiplied by (b) the sum of (i) 2.25 times the average of the Dilution Ratios for the twelve most recent Fiscal Months, plus (ii) the Dilution Volatility Component.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Minimum Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.

  • Availability Reserves means, without duplication of any other Reserves or items to the extent such items are otherwise addressed or excluded through eligibility criteria, such reserves as Agent from time to time determines in its Permitted Discretion as being appropriate (a) to reflect the impediments to Agent’s ability to realize upon the Collateral, (b) to reflect claims and liabilities that Agent determines in its Permitted Discretion will need to be satisfied in connection with the realization upon the Collateral, (c) to reflect criteria, events, conditions, contingencies or risks which adversely affect any component of the Borrowing Base, or the assets, business, financial performance or financial condition of any Credit Party, or (d) to reflect that a Default or an Event of Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, in Agent’s Permitted Discretion, (but are not limited to) reserves based on: (i) Rent Reserves; (ii) customs duties, and other costs to release Inventory which is being imported into the United States of America; (iii) outstanding Taxes and other governmental charges, including, without limitation, ad valorem, real estate, personal property, sales, claims of the PBGC and other Taxes which may have priority over the interests of Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower, (v) Customer Credit Liabilities, (vi) Customer Deposits, (vii) reserves for reasonably anticipated changes in the Appraised Value of Eligible Inventory between appraisals, (viii) warehousemen’s or bailee’s charges and other Permitted Liens which may have priority over the interests of Agent in the Collateral, (ix) amounts due to vendors on account of consigned goods, (x) Cash Management Reserves, (xi) Bank Products Reserves, and (xi) royalties payable in respect of licensed merchandise.

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Loss Reserve Percentage means, on any date, the product of (A) 2.25 times (B) the highest average of the Default Ratios for any three consecutive calendar months during the twelve most recent calendar months times (C) the Loss Horizon Ratio.

  • Yield Reserve Percentage means at any time of determination:

  • LIBOR Reserve Percentage means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such reserve percentage during the applicable Fixed Rate Term.