Common use of Concentration Limit Clause in Contracts

Concentration Limit. To not permit the aggregate Principal Balance of all Loans to an Obligor Group to exceed $4,000,000 at any time, unless Seller discloses such excess in writing to Buyer at or prior to the time any such Loan is purchased by Buyer, provided, that nothing herein shall obligate Buyer to purchase any such Loan.

Appears in 1 contract

Sources: Loan Purchase and Servicing Agreement (Unified Western Grocers Inc)

Concentration Limit. To not permit the aggregate Principal Balance of all Loans to an Obligor Group to exceed $4,000,000 at any time, unless Seller discloses such excess in writing to Buyer at or prior to the time any such Loan is purchased by Buyer, provided, that nothing herein shall obligate Buyer Seller to purchase any such Loan.. [End of Article VI]

Appears in 1 contract

Sources: Loan Purchase and Servicing Agreement (Unified Western Grocers Inc)