Dilution Horizon Variable definition
Dilution Horizon Variable means, at any time, a fraction having (a) a numerator equal to the sum of the aggregate amounts payable pursuant to invoices giving rise to Receivables and generated by the Sellers during the three Calculation Periods ending on the most recent Cut-Off Date (as of that Cut-Off Date) and (b) a denominator equal to the Net Eligible Receivables as of the most recent Cut-Off Date.
Dilution Horizon Variable means, at any time, a fraction having (a) a numerator equal to the aggregate amounts payable pursuant to invoices giving rise to Receivables that were generated by the Originator during the 2-1/2 Calculation Periods ending on the most recent Cut-Off Date, and (b) a denominator equal to the aggregate Outstanding Balance of all Receivables as of the most recent Cut-Off Date.
Dilution Horizon Variable means, at any time, the product of (i) .56 multiplied by (ii) a fraction having (a) a numerator equal to the sum of the Monthly Sales for the preceding Fiscal Month and (b) a denominator equal to the Net Receivables Pool Balance as of the most recent Month End Date; provided, however, that the decimal used in clause (i) above shall be revised following the recalculation in the accountant's report delivered pursuant to Section 8.2(k) to equal the fraction having (a) a numerator equal to 12 plus the Sample Dilution Horizon and (b) a denominator equal to 30 days.
More Definitions of Dilution Horizon Variable
Dilution Horizon Variable means, at any time, a fraction having (a) a numerator equal to the sum of the aggregate amounts payable pursuant to invoices giving rise to Receivables and generated by the Originator during the Collection Period ending on the most recent Cut-Off Date (as of that Cut-Off Date) and (b) a denominator equal to the Net Eligible Receivables as of the most recent Cut-Off Date; provided, however that if Net Eligible Receivables equals zero, the Dilution Horizon Variable shall equal zero. "Dilution Ratio" means, as calculated in each Monthly Report as of the most recent Cut-Off Date, a fraction (expressed as a percentage) having (a) a numerator equal to the aggregate amount of Dilution on the Receivables occurring during the Collection Period ending on the most recent Cut-Off Date, and (b) a denominator equal to the aggregate amount of Receivables that were generated by the Originator during the Collection Period ending on the most recent Cut-Off Date; provided, however that if such amount of Receivables generated equals zero, the Dilution Ratio shall equal the Dilution Ratio that was calculated for the prior Monthly Report.