Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) the aggregate Receivable Balance of all Receivables from a single Obligor shall not be more than 2.00% of the aggregate Receivable Balance of all Receivables in the Trust, (ii) the weighted average Annual Percentage Rate of the Receivables in the Trust shall not be less than 7.25%, (iii) the weighted average remaining maturity of the Receivables in the Trust shall not be greater than 53 months and (iv) the aggregate Starting Receivable Balance of the Retail Leases in the Trust will not exceed 10.0% of the Aggregate Starting Receivables Balance.
Appears in 2 contracts
Sources: Purchase Agreement (Navistar Financial Retail Receivables Corporation), Purchase Agreement (Navistar Financial Retail Receivables Corporation)