Collateral Diminution definition
Collateral Diminution means an amount equal to the decrease in the value of the Prepetition Collateral (including Cash Collateral) from and after the Petition Date resulting from the use, sale, or lease by the Debtors of such Prepetition Collateral, including Cash Collateral, whether in accordance with the terms and conditions of this Interim Order or otherwise, or the imposition of the automatic stay.
Collateral Diminution means an amount equal to the diminution of the
Collateral Diminution means the amount (the "Initial Collateral Diminution Amount"), if any, by which (x) the arithmetic average of the unpaid balance of Exteriors' Eligible Accounts as of the last Business Day of each of the last four calendar weeks preceding the date of this Agreement (concluding with the calendar week within which the date of this Agreement occurs)) exceeds (y) the arithmetic average (the "Ending Eligible Accounts Balance") of the unpaid balance of Exteriors' Eligible Accounts as of the last Business Day of each of the last four calendar weeks preceding the Initial Diminution Measurement Date (concluding with the calendar week within which the Initial Diminution Measurement Date occurs); provided that: (1) the Agent shall determine the Eligible Accounts in the manner required by the Credit Agreement; (2) the Initial Diminution Measurement Date shall be the date on which the Standstill Period terminates and shall not be later than June 30, 2000; (3) a Subsequent Diminution Measurement Date shall occur once every four calendar weeks after the Initial Diminution Measurement Date; (4) on each Subsequent Diminution Measurement Date, the amount of the Collateral Diminution shall equal the amount (if any) by which (A) the Initial Collateral Diminution Amount exceeds (B) the excess of (i) the then highest arithmetic average of the unpaid balance of Exterior's Eligible Accounts as of the last Business Day of each of the last four calendar weeks preceding such Subsequent Diminution Measurement Date and any prior Subsequent Diminution Measurement Date (including for such purposes the four calendar weeks concluding with the calendar week within which any Subsequent Diminution Measurement Date occurs) over (ii) the Ending Eligible Accounts Balance; and (5) in no event shall the amount of the Collateral Diminution exceed either the aggregate amount of the License Deferral Amount as of the Initial Diminution Measurement Date or the Initial Collateral Diminution Amount.
More Definitions of Collateral Diminution
Collateral Diminution means an amount equal to the diminution of the value from and after the Petition Date of the Prepetition Secured Parties' interests in the Prepetition Collateral upon which any of the Prepetition Secured Parties have valid, perfected, enforceable and non- avoidable liens or security interests, resulting from the use, sale, or lease of the Prepetition Collateral, including Cash Collateral (whether in accordance with the terms and conditions of this SecondThird Interim Order or otherwise). Cash payments made to the respective Prepetition
Collateral Diminution means an amount equal (and limited) to the aggregate diminution