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 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.
Examples of Concentration Limit in a sentence
Concentration Limit: The EMC must approve any credit limits that are both a) greater than $50,000,000 US Dollars, and b) equal to or larger than 7.5% of PSE's total counterparty portfolio exposure.
More Definitions of Concentration Limit
Concentration Limit means, at any time:
Concentration Limit means the following limit:
Concentration Limit for any Obligor shall mean, at any time, the product of (i) the Outstanding Balances of all Eligible Receivables, less amounts associated with such Obligor under clause (v) of the Net Receivables Balance definition, and (ii) the lowest of the percentages set forth below opposite the short term unsecured debt rating, if any, currently assigned to such Obligor by S&P and Moodx’x xx such time (or in the absence of a short term unsecured debt rating from any such Rating Agency, the long term unsecured senior debt rating currently assigned to such Obligor by S&P and Moodx’x xx such time): Level S&P Short Term Rating S&P Long Term Rating Moodx’x Xxxrt Term Rating Moodx’x Xxxg Term Rating Concentration Limit II A-1 AA- to A+ P-1 Aa3 to A1 10.50% III A-2 A to BBB+ P-2 A2 to Baa1 8.75% IV A-3 BBB to BBB‑ P-3 Baa2 to Baa3 5.25% V Below A-3 or Not Rated by S&P Below BBB‑ or Not Rated by S&P Below P-3 or Not Rated by Moodx’x Xxxow Baa3 or Not Rated by Moodx’x Xxx the largest Obligor, 3.5%For the second largest Obligor, 3.25%For the third largest Obligor, 2.00%Otherwise 1.75% or, if such Obligor is a Special Obligor, its Special Obligor Concentration Limit, if higher than as determined above; provided, that in the case of an Obligor with any Affiliated Obligor, the Concentration Limit shall be calculated as if such Obligor and such Affiliated Obligor are one Obligor. For the avoidance of doubt, if any Obligor does not have a long term unsecured senior debt rating or a short term unsecured debt rating from at least one of S&P and Moodx’x, xxch Obligor’s Concentration Limit shall equal the Concentration Limit for Level V set forth above.
Concentration Limit means the Individual Concentration Limit and Aggregate Concentration Limit, as applicable.
Concentration Limit means, at any time, for any Obligor, the maximum amount of Receivables owned by the Seller which may be owing from such Obligor, which at any time shall be equal to such Obligor’s Standard Concentration Limit or Special Concentration Limit, as applicable by definition to such Obligor; 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.
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;
Concentration Limit means, as of any date of determination, with respect to the Eligible Mortgage Loans included in any Concentration Category, the applicable amount that the aggregate Purchase Price for such Eligible Mortgage Loans may not at any time exceed, as set forth in the below table. Concentration Category Concentration Limit (percentages based on Maximum Purchase Amount) Wet Mortgage Loans [***] Jumbo Mortgage Loans [***]* Manufactured Housing Mortgage Loans [***] State Agency Program Loans [***] HECMs [***] Condo Loans [***] Low FICO Government Mortgage Loans [***] Second Lien Mortgage Loans [***] FHA 203(k) Loans [***] Xxxxxx Xxx Renovation Loans [***] Aged Mortgage Loans [***] *The aggregate concentration of the Jumbo Mortgage Loans shall be subject to a [***] concentration sublimit for Jumbo Mortgage Loans (Specialty) and in such concentration sublimit there shall be no more than (i) [***] concentration of Jumbo Mortgage Loans (High DTI), (ii) [***] concentration of Jumbo Mortgage Loans (IO), (iii) [***] concentration of Jumbo Mortgage Loans (High Limit), (iv) [***] concentration of Jumbo Mortgage Loans (Modified DTI) and (v) [***] concentration, in the aggregate, of Jumbo Mortgage Loans (High LTV) and Jumbo Mortgage Loans (Ultra LTV), with no more than [***] concentration of Jumbo Mortgage Loans (Ultra LTV).