MONTHLY DILUTION PERCENTAGE

MONTHLY DILUTION PERCENTAGE. Means, for any calendar month, the percent calculated as of the first day of such month and rounded up to the next whole percent and obtained by dividing (i) the sum of all adjustments during such month made to the Accounts to reflect correcting adjustments which consist of short pays or other disputed amounts, uncollectible items being transferred to the bad debt allowance account, reclassifications, other non-cash credits, ... allowances, discounts, write-offs or other offsets to the Accounts which the Lender, in its reasonable commercial discretion, deems appropriate to reduce the value of Accounts, by (ii) the total reductions to the Accounts in such month (which shall include all cash collections plus all non-cash reductions). View More