Minimum 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 average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by (b) the Dilution Horizon Ratio.
Minimum Dilution Reserve Percentage means, at any time, the product of (a) the 12-month rolling average of the Dilution Ratio at such time multiplied by (b) the Dilution Horizon Ratio as of such date.
Minimum Dilution Reserve Percentage means, on any day, the product of (a) the average of the Dilution Ratios for the twelve most recent calendar months multiplied by (b) the Dilution Horizon.
More Definitions of Minimum Dilution Reserve Percentage
Minimum Dilution Reserve Percentage means, at any time of determination, the product of (a) the average of the Dilution Ratios for the twelve most recent Fiscal Months ended that are covered by the most recently delivered Information Package, multiplied by (b) the Dilution Horizon Ratio for the most recent Fiscal Month ended that is covered by the most recently delivered Information Package.
Minimum Dilution Reserve Percentage means, on any date, the product of (i) Adjusted Dilution Ratio, multiplied by (ii) the Dilution Horizon Ratio.
Minimum Dilution Reserve Percentage means, at any time, the product of (a) the arithmetic average of the Dilution Ratios for the twelve most recent calendar months at such time multiplied by (b) the Dilution Horizon Ratio.
Minimum Dilution Reserve Percentage means, on any day, 5.00%.
Minimum Dilution Reserve Percentage means the product of (x) the average over the twelve (12) consecutive Specified Collection Periods ending at the end of such Specified Collection Period, of the Dilution Ratio during each Specified Collection Period multiplied by the Dilution Horizon Ratio.
Minimum 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 average of the Dilution Ratios for the twelve (12) most recent Fiscal Months, multiplied by
Minimum Dilution Reserve Percentage. “Total Reserves,” “Weighted Average Credit Term Factor” and “Weighted Average Credit Terms,” and (y) any components of the calculations and terms described in clause (x), in each case, for all purposes of this Agreement and the other Transaction Documents. After the delivery of such a notice to the Administrator, no Navistar Receivable may become an Eligible Receivable or be included in any of the foregoing calculations without the Administrator’s and each Purchaser Agent’s prior written consent (which consents may be granted or withheld in their sole discretion). (d) The definition of “Excluded Receivable” set forth in Exhibit I to the Receivables Purchase Agreement is replaced in its entirety with the following: “Excluded Receivable” means any Receivable (as defined without giving effect to the proviso in the definition thereof regarding Excluded Receivables) that (i) is owed to an Originator by an Affiliate of the Originator, (ii) arises from the sale to an Obligor of steel inventory acquired by an Originator solely for the purpose of reselling the steel or other raw materials inventory to such Obligor to be used by such Obligor to manufacture goods for the Originator, (iii) arises from the sale of goods or the provision of services by an Originator to an Excluded Obligor in respect of which an invoice was or is issued for the first time after the later of October 28, 2010, or the effective date of such Person's designation as an Excluded Obligor in accordance with the terms hereof or (iv) arises from the sale of goods or the provision of services by an Originator to Sistemas Automotrices de Mexico S.A. de C.V. in respect of which an invoice is issued for the first time on or after the Closing Date. (e) The following defined term “Navistar Companies” and definition thereof are added to Exhibit I to the Receivables Purchase Agreement in appropriate alphabetical order: “Navistar Companies” means each of Navistar, Inc., IC Bus, LLC, SST Truck Company, LLC, and Navistar Diesel of Alabama, LLC. (f) The following defined term “Navistar Receivables” and definition thereof are added to Exhibit I to the Receivables Purchase Agreement in appropriate alphabetical order: “Navistar Receivables” means any Receivable for which the Obligor is any of the Navistar Companies.