Concentration Limit definition

Concentration Limit shall have the meaning set forth in the Pricing Side Letter.

Concentration Limit means, at any time, for any Obligor, 2% of the aggregate Outstanding Balance of all Eligible Receivables, or such other amount (a “Special Concentration Limit”) for such Obligor designated by Agent and consented to by each Purchaser; provided, that in the case of an Obligor and any Affiliate of such Obligor, the Concentration Limit shall be calculated as if such Obligor and such Affiliate are one Obligor; and provided, further, that Agent may, upon not less than three Business Days’ notice to Seller, cancel any Special Concentration Limit.

Concentration Limit means, at any time:

Examples of Concentration Limit in a sentence

• Such termination may be temporary (e.g., in the case where the Lender reaches the Concentration Limit) or permanent and shall be applicable on the effective date specified in the written notice of termination, except that such termination shall not apply to any loan which is made on or before the date on which the notice of termination is received by the Lender.

• Concentration Limit Percentage A percentage established by the Bank of the balance of all Outstanding Notified Debts.

• Concentration Limit - The maximum value of Crossed Cheques that can be received from one Buyer, expressed as a percentage of the total value of Crossed Cheques received from the Client.

• Any Crossed Cheques endorsed to the Bank from a Buyer in excess of the Concentration Limit will form part of the Retention.

• Seller acknowledges that Buyer will not consider purchasing a Mortgage Loan on any date if, as of such date: (a) a Default exists, (b) the aggregate outstanding balance of Purchased Loans with original Mortgage Notes not in Buyer’s possession equals or exceeds the Wet Sublimit, (c) any applicable Sublimit hereunder is exceeded, or (d) the aggregate outstanding principal balance of all Purchased Loans which Buyer continues to own on such date equals or exceeds Seller’s Concentration Limit.

More Definitions of Concentration Limit

Concentration Limit means at any time for any Obligor, the product of (a) such Obligor’s Specified Concentration Percentage, and (b) the aggregate Unpaid Balance of the Eligible Receivables at the time of determination.

Concentration Limit means the following limit:

Concentration Limit means the Individual Concentration Limit and Aggregate Concentration Limit, as applicable.

Concentration Limit means, at any time, for any Obligor and its Affiliates, considered as if they were one and the same Obligor, the percentage of Adjusted Eligible Receivables set forth in the table below opposite such Obligor’s applicable short-term unsecured debt ratings assigned by Xxxxx’x and S&P (or in the absence thereof, the equivalent long term unsecured senior debt ratings), or, subject to rating agency approval and/or an increase in the Required Reserve Factor Floor, upon Seller’s request from time to time, such higher Percentage of Adjusted Eligible Receivables (a “Special Concentration Limit”) for each Obligor designated by Xxxxx and the Gotham Group Agent or as set forth in the Gotham Group Fee Letter and the Xxxxx Fargo Fee Letter: Short-Term S&P Rating Long-Term S&P Rating Short-Term Xxxxx’x Rating Long-Term Xxxxx’x Rating Allowable % of Adjusted Eligible Receivables Tier Level A-1 or higher A+ or higher P-1 A1 or higher 20.00% I A-2 BBB+, A-, or A P-2 A2, A3 or Baa1 12.50% II A-3 BBB or BBB- P-3 Baa2 or Baa3 8.00% III Below A-3 or Not Rated by either S&P or Xxxxx’x Below BBB- or Not Rated by either S&P or Xxxxx’x Below P-3 or Not Rated by either S&P or Xxxxx’x Below Baa3 or Not Rated by either S&P or Xxxxx’x 5.00% IV ; provided, however, that (a) if any Obligor has a split rating, the applicable rating will be the lower of the two, (b) if any Obligor is not rated by either S&P or Xxxxx’x, the applicable Concentration Limit shall be the one set forth in the last line of the table above, and (c) either Xxxxx Fargo or the Gotham Group Agent may, upon not less than ten (10) Business Days’ written notice to Seller, cancel any Special Concentration Limit.

Concentration Limit means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times (ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.

Concentration Limit means, for each Concentration Category, the applicable limitation set forth in the Pricing Letter.

Concentration Limit means a threshold of any classified impurity, additive or individual constituent in a substance or in a mixture that may trigger classification of the substance or the mixture, respectively;