Common use of Concentrations Clause in Contracts

Concentrations. (A) No Receivable has a Contract Value (when combined with the Contract Value of any other Receivable with the same or an Affiliated Obligor) that exceeds 1% of the Initial Pool Balance. (B) The sum of the Contract Values of all Either/Or Leases originated by the five Dealers that have originated the greatest amount (by Contract Value) of Either/Or Leases included among the Receivables does not exceed 2% of (1) as of the Closing Date, the sum of the Contract Values of all of the Initial Receivables and (2) as of any Subsequent Transfer Date, the sum of the Contract Values of the Initial Receivables plus all Subsequent Receivables sold on or prior to that Subsequent Transfer Date. (C) The sum of the Contract Values of all Either/Or Leases originated by the three Dealers that have originated the greatest amount (by Contract Value) of Either/Or Leases included among the Receivables does not exceed 1% of (1) as of the Closing Date, the sum of the Contract Values of all of the Initial Receivables and (2) as of any Subsequent Transfer Date, the sum of the Contract Values of the Initial Receivables plus all Subsequent Receivables sold on or prior to that Subsequent Transfer Date. (D) The sum of the Termination Values guaranteed by the Dealers other than the five Dealers that have originated the greatest amount (by contract Value) of Either/Or Leases included among the Receivables is not substantially less than 10% of (1) as of the Closing Date, the sum of the Contract Values of all of the Initial Receivables and (2) as of any Subsequent Transfer Date, the sum of the Contract Values of the Initial Receivables plus all Subsequent Receivables sold on or prior to that Subsequent Transfer Date. (E) The sum of the Termination Values guaranteed by the Dealers other than the three Dealers that have originated the greatest amount (by contract Value) of Either/Or Leases included among the Receivables is not substantially less than 12% of (1) as of the Closing Date, the sum of the Contract Values of all of the Initial Receivables and (2) as of any Subsequent Transfer Date, the sum of the Contract Values of the Initial Receivables plus all Subsequent Receivables sold on or prior to that Subsequent Transfer Date. (F) The sum of the Contract Values of all Either/Or Leases originated by Dealers other than the five Dealers that have originated the greatest amount (by Contract Value) of Either/Or Leases included among the Receivables does not exceed 13% of (1) as of the Closing Date, the sum of the Contract Values of all of the Initial Receivables and (2) as of any Subsequent Transfer Date, the sum of the Contract Values of the Initial Receivables plus all Subsequent Receivables sold on or prior to that Subsequent Transfer Date. (G) The sum of the Contract Values of all Either/Or Leases originated by Dealers other than the three Dealers that have originated the greatest amount (by Contract Value) of Either/Or Leases included among the Receivables does not exceed 13.5% of (1) as of the Closing Date, the sum of the Contract Values of all of the Initial Receivables and (2) as of any Subsequent Transfer Date, the sum of the Contract Values of the Initial Receivables plus all Subsequent Receivables sold on or prior to that Subsequent Transfer Date.

Appears in 2 contracts

Sources: Purchase Agreement (Case Receivables Ii Inc), Purchase Agreement (Case Receivables Ii Inc)