Dilution Horizon Factor means, at any time, a fraction, the numerator of which equals the sum of (a) the aggregate Original Balance of all Billed Receivables originated during the two most recently ended Accrual Periods and (b) the aggregate Original Balance of all Unbilled Receivables as of the end of the most recently ended Accrual Period, and the denominator of which equals the Net Receivables Balance as of the end of the most recently ended Accrual Period.
Dilution Horizon Factor means, as of any date of determination, (x) the Billed Amount of Transferred Receivables originated during the two most recent Settlement Periods preceding such date divided by (y) the Net Receivables Balance as of the end of the Settlement Period immediately preceding such date.
Dilution Horizon Factor means, at any time, a percentage equal to (i) the aggregate amount of Receivables, less the amount of such Receivables that are rebilled to the Obligor, originated during the three fiscal month period then most recently ended, divided by (ii) the aggregate Outstanding Balance of all Non-Delinquent Receivables at the end of the fiscal month period then most recently ended.
More Definitions of Dilution Horizon Factor
Dilution Horizon Factor shall be calculated by the Master Servicer each June and December by selecting a random sample of 50 Dilution Adjustments per each Originator over the preceding three months, with the exception of Huntsman Petrochemical Corporation and Huntsman Holland B.V. in which case the random sample shall include 100 Dilution Adjustments created during such period. The Master Servicer will prepare a table by originator for the Funding Agents which will include for each Dilution Adjustment the original invoice date, invoice amount, Obligor, amount of the credit or net from credit and re-xxxx, if applicable (see Dilution Adjustment), and a description of each Dilution Adjustment. A weighted average Dilution Horizon per Originator in days will be computed therefrom based on the amount of Dilution Adjustment per item and the Dilution Horizon per item. A weighted average for the program will be computed therefrom by weighting the weighted average Dilution Horizon per Originator by the average amount of Dilution Adjustments by originator over the preceding three months. The denominator for “Dilution Horizon Factor” shall be 30; it being understood, that if the required sample size of Dilution Adjustments is not available, the Master Servicer will compute the preceding calculations on such other amount available; it being further understood, that the random sample shall not include any adjustments resulting from any Timely Payment Discount, Commission or any Volume Rebate for which a reserve is maintained to account for any potential offset.
Dilution Horizon Factor. “Dilution Reserve,” “Dilution Ratio,” “Dilution Percentage,” “Dilution Ratio Trigger,” “Eligible Receivable,” “Loss Horizon Factor,” “Loss Reserve,” “Loss Percentage,” “Loss Ratio Trigger,” “Servicing and Yield Reserve,” “Stress Factor” and “Weekly Reporting Condition”; (C) amend, modify or waive any provision in Article IX; or (D) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through (C) above in a manner that would circumvent the intention of the restrictions set forth in such clauses. Notwithstanding the foregoing, (i) without the consent of the Financial Institutions, but with the consent of Seller, the Agent may amend this Agreement solely to add additional Persons as Financial Institutions hereunder and (ii) the Agent, the Required Purchasers and each Company may enter into amendments to modify any of the terms or provisions of Article XI, Section 13.13 or any other provision of this Agreement without the consent of Seller, provided that such amendment has no negative impact upon Seller. Any modification or waiver made in accordance with this Section 13.1 shall apply to each of the Purchasers equally and shall be binding upon Seller, the Purchasers and the Agent.
Dilution Horizon Factor means, for any Monthly Period, a fraction (expressed as a percentage) determined as of the last day of such Monthly Period by dividing (i) the sum of (a) the aggregate amount of Sales during such Monthly Period plus (b) the aggregate Outstanding Balance of all Unbilled Receivables as of such day, by (ii) the aggregate Outstanding Balance of all Receivables as of such day minus the aggregate Outstanding Balance of all Defaulted Receivables as of such day.
Dilution Horizon Factor means, as of any date, a ratio computed by dividing (i) the aggregate original Outstanding Balance of all Originator Receivables created by the Originators during the two most recently ended Months by (ii) the Outstanding Balance of Originator Receivables (other than Defaulted Receivables) less unapplied cash and credit memos as at the last day of the most recently ended Month; or such other formula as the Program Agent may from time to time provide to the Collection Agent in writing based upon the results of a review conducted by or on behalf of the Program Agent.
Dilution Horizon Factor means for the period beginning on the Effective Date through and until the sixth Settlement Report Date to occur thereafter, 1.28 and for any six-month period thereafter (beginning and ending on a Settlement Report Date), a fraction, the numerator of which is the dollar weighted average Dilution Horizon of the Sellers (based upon the Dilution Adjustment of the selected Receivables) for such period (which shall be calculated by the Master Servicer, in accordance with its past procedures for such calculations, selecting a random sample of approximately 1000 Dilution Adjustment memos from the Seller created during such period and determining the dollar weighted average Dilution Horizon therefrom) and the denominator of which is 30.
Dilution Horizon Factor with respect to each Seller or each Seller Group, as the case may be, shall mean, the factor set forth opposite such Seller or such Seller Group (and, with respect to any Seller or Seller Group added after the Issuance Date, the "Dilution Horizon Factor" set forth on the Additional Seller Supplement for such Seller or such Seller Group): Seller Dilution Horizon Factor Gai's Seller Group .1 H&M one Mxxx Seller Group .1 Mother's 1.5 SFSB .1 Stella Seller Group 1.5 TBP .5; provided that (i) in the case of H&M, the Dilution Horizon Factor in respect of all Receivables for which Foodmaker, Inc. is the Obligor shall be 0.25, (ii) in the case of Gai's Seller Group, Mxxx Seller Group, SFSB and TBP, the Dilution Horizon Factor in respect of Dilution Adjustments for Receivables originated by such Seller or such Seller Group, as the case may be, which are made for reasons other than sales shall be one and (iii) in the case of Mother's, the Dilution Horizon Factor in respect of Dilution Adjustments for Receivables originated by Mother's with payment terms of 2% 10 or Net 30 days shall be one.
Dilution Horizon Factor means, as of any Monthly Reporting Date and continuing to (but excluding) the next succeeding Monthly Reporting Date, a fraction (expressed as a percentage) determined as of the last day of the immediately preceding Monthly Period the numerator of which is (i) the sum of (a) the aggregate Outstanding Balance (in each case, at the time of creation) of all Receivables generated during the immediately preceding Monthly Period and (b) the aggregate Outstanding Balance of all Unbilled Receivables as of the close of business on such day and the denominator of which is (ii) the aggregate Outstanding Balance of all Receivables as of such date minus the aggregate Outstanding Balance of all Defaulted Receivables as of such date.