# Dilution Reserve Percentage definition

Dilution Reserve Percentage means, on any day, the product of (a) the Dilution Horizon Ratio, multiplied by (b) the sum of (i) 2.25 times the average of the Dilution Ratios for the twelve most recent Fiscal Months, plus (ii) the Dilution Volatility Component.
Dilution Reserve Percentage means on any date, the product of (i) the Dilution Horizon multiplied by (ii) the sum of (x) 2.25 times the average of the Dilution Ratio for the twelve most recent calendar months and (y) the Spike Factor.
Dilution Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) the Dilution Horizon Ratio, multiplied by (b) the sum of (i) the Stress Factor times the average of the Dilution Ratios for the twelve (12) most recent Fiscal Months and (ii) the Dilution Volatility Component.

## Examples of Dilution Reserve Percentage in a sentence

• Dilution Reserve Amount means, as of any Calculation Date, the product of (a) the Eligible Billed and Unbilled Receivables Balance as of that Calculation Date and (b) the Dynamic Dilution Reserve Percentage as of that date.

• U.S. Dilution Reserve Percentage: as of any time, the U.S. Dilution Percentage as of such time minus five percent (5%); provided that if the U.S. Dilution Percentage as of such time is below five percent (5%), then the U.S. Dilution Reserve Percentage as of such time shall be deemed to be zero percent (0%).

• To the extent that such recalculation indicates a period of time which materially differs from 1.5 months, the Servicer will adjust its calculation of the Class A Dynamic Loss and Dilution Reserve Percentage and the Class B Dynamic Loss and Dilution Reserve Percentage under each Supplement, subject to satisfaction of the Rating Agency Condition.

## More Definitions of Dilution Reserve Percentage

Dilution Reserve Percentage means for any Receivable Interest at any time an amount equal to: [(Stress Factor x Expected Dilution Ratio) + (Dilution Volatility)] multiplied by the Dilution Horizon Ratio Where: Stress Factor = 2.25 Expected Dilution Ratio = the twelve month rolling average of the Reserve Dilution Ratio Dilution Volatility = (Dilution Spike - Expected Dilution Ratio) x (Dilution Spike divided by Expected Dilution Ratio) Dilution Spike = the highest Reserve Dilution Ratio as of the last day of each of the twelve months immediately preceding such day Dilution Horizon Ratio = the aggregate amount of newly generated Receivables during the most recent two months divided by the Net Receivables Pool Balance as of the last day of the most recent month.
Dilution Reserve Percentage as measured on any date means the greater of ---------------------------- (i) 2% and (ii) a percentage determined in accordance with the following formula: [(SF x ED) + ((DS-ED) x DS/ED)] x DHR where: SF = the Stress Factor, which shall be 2.5; ED = the "Expected Dilution", which shall be equal to the twelve- ----------------- month rolling average Sales-Based Dilution Ratio, expressed as a percentage; DS = the "Dilution Spike", which shall be equal to the highest -------------- one month Sales-Based Dilution Ratio over the immediately preceding twelve months, expressed as a percentage; and DHR = the "Dilution Horizon Ratio", which shall be equal to the ---------------------- sales for the month ending on the related Cut-Off Date divided by the aggregate Unpaid Balance of the Eligible Receivables as of the such Cut-Off Date.
Dilution Reserve Percentage means, on any Settlement Date (and any subsequent date until the following Settlement Date), the product of (i) the Dilution Horizon Ratio multiplied by (ii) the sum of (x) the Dilution Reserve Stress Factor times the average of the Dilution Ratios for the twelve most recent Calculation Periods and (y) the Spike Factor.
Dilution Reserve Percentage means, on any date, the greater of (i) the Dilution Reserve Floor and (ii) the amount expressed as a percentage and calculated in accordance with the following formula: DRP = {(SF x ED) + ((DS – ED) x (DS / ED))} x DHR where: SF = 2.25. ED = the average of the Dilution Ratios for the twelve (12) most recently ended calendar months. DS = the highest Dilution Ratio during the twelve (12) most recently ended calendar months. DHR = the Dilution Horizon Ratio at such time.
Dilution Reserve Percentage means, on any date of determination, the greater of (i) the Dilution Reserve Percentage Floor and (ii) the percentage determined pursuant to the following formula: {(2.00 x ED) + [(DS - ED) x (DS/ED) ]} x DHR where: ED = the Expected Dilution on such date; DS = the Dilution Spike as of such date; and DHR = the Dilution Horizon Ratio on such date.
Dilution Reserve Percentage for any Calculation Period, a percentage equal to: where: SF = the Stress Factor; EDR = the Expected Dilution Ratio; DS = the Dilution Spike; and DHR = the Dilution Horizon Ratio.
Dilution Reserve Percentage means the percentage computed as of the last day of each calendar month as: [(2.25 x EDR) - ECDR] + [(DS - EDR) x (DS /EDR)] x DHR Where DS = the Dilution Spike at such time; EDR = the Expected Dilution Ratio at such time; ECDR = the Expected Contractual Dilution Ratio at such time; and DHR = the Dilution Horizon Ratio at such time.