Contractual Dilution Reserve means, as of any date of determination and with respect to the Receivables of any Obligor, the aggregate amount of any reserves or liabilities maintained on the Seller’s books and records in accordance with generally accepted accounting principles and the Credit and Collection Policy for, or in anticipation of, volume rebates, flat fee rebates, performance-to-plan rebates, cost-plus-zero program rebates or similar rebates affecting or to affect the Receivables of such Obligor as reported on (i) prior to the Amortization Date, the most recently delivered Monthly Report, Weekly Report or Daily Report, as the case may be, or (ii) at any time on or after the Amortization Date, as reported on the last Monthly Report, Weekly Report or Daily Report delivered prior to the Amortization Date.

Contractual Dilution Reserve means, as of any date of determination, (i) during a Level 1 Ratings Period, an amount equal to the Dollar Equivalent of the sum of the highest amount of credits actually paid or credited with respect to the Receivables under the Rebate Program during the twelve (12) most recently ended Monthly Periods by each Originator, (ii) during a Level 2 Ratings Period, the product of (x) the sum of the Dollar Equivalent of the highest amount of credits actually paid or credited with respect to the Receivables under the Rebate Program during the twelve (12) most recently ended Monthly Periods by each Originator times (y) 2.0 and (iii) during a Level 3 Ratings Period, an amount equal to the Rebate Program Liability as of such date.

Contractual Dilution Reserve means, as of any date of determination, (i) during a Level 1 Ratings Period or Level 2 Ratings Period, an amount equal to the Dollar Equivalent of the sum of the highest amount of credits actually paid or credited with respect to the Receivables under the Rebate Program during the three (3) most recently ended Monthly Periods by each Originator and (ii) during a Level 3 Ratings Period, an amount equal to the Rebate Program Liability as of such date.

Examples of Contractual Dilution Reserve in a sentence

NET POOL BALANCE: At any time, the aggregate Outstanding Balance of all Eligible Receivables at such time reduced by (i) the aggregate amount by which the Outstanding Balance of all Eligible Receivables of each Obligor and its Affiliates exceeds the Obligor Concentration Limit for such Obligor and (ii) the Contractual Dilution Reserve.
From a Pentecostal perspective, Cornelius comes into the fullness of the Holy Spirit as evidenced by speaking in tongues (10:44- 47) .
The Master Servicer will not make any material change in the methodology used to calculate Contractual Dilution Reserve without the prior written consent of the Administrative Agent.
Our estimates reveal that the number of children aged 13 to 16 not enrolled in high school jumped from around 1.5 million (23 per cent of youths aged to 13 to 16) to 2 million (30 per cent of youths aged 13 to 16) as a direct result of the crisis.
The Master Servicer will not make any material change in the methodology used to calculate Contractual Dilution Reserve without the prior written consent of the Purchasers.

More Definitions of Contractual Dilution Reserve

Contractual Dilution Reserve means, at any time, the sum of (i) the volume rebate accrual and cash discount accrual with respect to Mohawk Carpet Distribution, Inc., a Delaware corporation, plus (ii) the home center store accrual with respect to Dal‑Tile Distribution, Inc., a Delaware corporation, plus (iii) the marketing allowance and EDI accrual with respect to Unilin North America, LLC, a Delaware limited liability company, in each case as of such date of determination (or such other amounts as reasonably determined with the consent of all of the Lenders based on the results set forth in the most recent Review of any Originator).

Contractual Dilution Reserve means at any time, 10% (or such other percentage as reasonably determined with the consent of all of the Lenders based on the results set forth in the most recent Review) of the Outstanding Balance of Receivables originated by Mohawk Distribution that are outstanding as of the last day of the period covered by the most recent Collection Period.

Contractual Dilution Reserve means, as of any date of determination, (i) during a Level 1 Ratings Period, an amount equal to the Dollar Equivalent of the sum of the highest amount of credits actually paid or credited with respect to the Receivables under the Rebate Program during the twelvethree (123 ) most recently ended Monthly Periods by each Originator, (ii) during a Level 2 Ratings Period, the product of (x) the sum of the Dollar Equivalent of the highest amount of credits actually paid or credited with respect to the Receivables under the Rebate Program during the twelvethree (123) most recently ended Monthly Periods by each Originator times (y) 2.0 and (iii) during a Level 3 Ratings Period, an amount equal to the Rebate Program Liability as of such date.

Contractual Dilution Reserve means the FOB Destination Reserve, the Instrument Reserve, the Cardinal Rebate Reserve and the Customer Rebate Reserve.

Contractual Dilution Reserve means (i) Dilution Adjustments attributable to cash discounts set forth under section "E" of the "Net Pool Balance" calculation in Exhibits D and E, (ii) the Roofing Dilution Adjustment, (iii) the Building Insulation Dilution Adjustment and (iv) any Additional Qualified Dilution Adjustment; provided that the Roofing Dilution Adjustment and Building Insulation Dilution Adjustment shall not be part of Contractual Dilution Reserve until Johnx Xxxxxxxx Xxxding Corporation and the Servicer represent, to the satisfaction of S&P and the Agent, that the reported calculations contained in the Roofing Dilution Adjustment and Building Insulation Dilution Adjustment meet the standards of accuracy in all material respects consistent with the other calculations provided in the Daily and Monthly Reports.