# Dilution Reserve Percentage definition

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.
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 (a) the Dilution Horizon Ratio and (b) the sum of (i) 2.25 times the average of the Dilution Ratios for the twelve most recently ended calendar months and (ii) the Dilution Spike Factor.

## 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.

• 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.

• 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%).

## More Definitions of Dilution Reserve Percentage

Dilution Reserve Percentage means, on any day, an amount equal to: [ ( 1.5 x ADR ) + [( DS - ADR ) x ( DS / ADR)] ] x DH Where: ADR = the average Dilution Ratio in respect of the 12 calendar month period then most recently ended. DS = the highest Dilution Ratio at any time during the 12 calendar month period then most recently ended. DH = the Dilution Horizon on such date.
Dilution Reserve Percentage means, on any date, the greater of (a) 5.0%, or (b) the percentage determined by the following formula:
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 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 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 means, on any date, the greater of: (a) 8.00% and (b) the product of (i) the sum of (A) 2.25 times the Adjusted Dilution Ratio plus (B) the Dilution Volatility Component, multiplied by (ii) the Dilution Horizon Ratio.
Dilution Reserve Percentage means, as of any date, the sum of (a) the product of (i) the Dilution Horizon, multiplied by (ii) the Dilution Reserve Factor, plus (b) the Dilution Spike Factor.