Dilution Benchmark Percentage definition
Dilution Benchmark Percentage means the average Dilution Ratio calculated on the basis of the actual Dilution Ratios calculated as at the end of each of the Calculation Periods from and including 1 August 2007 to and including 30 November 2007 provided that, in calculating the Dilution Ratios for the purposes of determining the Dilution Benchmark Percentage, Pool Receivables generated by the D▇▇▇ Austria Axel Assembly Plant in Voelkemarkt, Austria and Driveshaft Assembly Plant in Villefranche, France and Dilutions arising in respect of such Pool Receivables shall be excluded from the calculation.
Examples of Dilution Benchmark Percentage in a sentence
Any adjustment to the Applicable MAPB Percentage pursuant to this Clause shall cease to apply to the Applicable MAPB Percentage after the third consecutive Ratio Reporting Date on which the three month rolling average Dilution Ratio is less than or equal to the Dilution Benchmark Percentage plus 3.5% or the Days Sales Outstanding is less than or equal to 85 days, as applicable.