Cost Complement definition
Cost Complement means, at any time, the percentage that the Inventory Value of all Inventory purchased by the Borrower from the beginning of the fiscal year of Holdings in which such determination is made through the end of the fiscal month of Holdings most recently ended represents of the total original selling price (exclusive of markdowns) of such Inventory.
Cost Complement means 46.5%.
Cost Complement with respect to any fiscal month, the percentage which the Inventory Value of all Inventory purchased by the Borrower and the Subsidiary Guarantors from the beginning of the relevant Fiscal Year through the end of such fiscal month represents of total original selling price (exclusive of markdowns) of such Inventory. For the purposes of the definition of "Markdown Reserve", the Cost Complement shall be calculated separately for Builders Square, Inc. and its Subsidiaries which are Subsidiary Guarantors, on the one hand, and the Borrower and the other Subsidiary Guarantors, on the other hand.