Double Dilution definition
Double Dilution means two (2) times the average dilution percentage for the accounts receivable of the applicable Debtor for any ninety (90) day period selected by the Revolver Agent. "Average dilution percentage" shall be calculated for any period by dividing the dilution of accounts receivable occurring during such period by the gross sales for such period and multiplying the resulting quotient by 100. For purposes of the foregoing, "dilution" means any reduction in the value of accounts receivable caused by returns, write-offs, discounts, credits, allowances, and/or any other non-cash offsets asserted or assertable by account debtors having the effect of reducing the value of accounts receivable.
Double Dilution has the meaning ascribed thereto in Section 5.2(g).