Concentration Limit definition

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 Daysnotice 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, 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.

Examples of Concentration Limit in a sentence

  • Upper Concentration Limit (UCL) of 20 mg/L is applied to any calculated concentration that is >SOL or exceeds 20 mg/L.

  • Upper Concentration Limit (UCL) of 10,000 mg/kg is applied to any calculated soil concentration that is >RES or exceeds 10,000 mg/kg.


More Definitions of Concentration Limit

Concentration Limit means, at any time, for any Obligor, 3.6% of the aggregate Outstanding Balance of all Eligible Receivables after subtracting the Pass Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price Give Back Accrual, or such other higher amount (a “Special Concentration Limit”) for such Obligor designated by the Administrative Agent; 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; provided, further, that any Agent may, upon not less than ten (10) Business Daysnotice to Seller, cancel any Special Concentration Limit. As of March 21, 2014, and subject to cancellation as described above, (i) any Obligor and its Affiliates shall have a Special Concentration Limit equal to 6% of aggregate Outstanding Balance of all Eligible Receivables after subtracting the Pass Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price Give Back Accrual, so long as such Obligor’s long term debt ratings equal or exceed “BBB-” from Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business (“S&P”) and “Baa3” from Xxxxx’x Investors Service, Inc. (“Moody’s”); and (ii) the Special Concentration Limits of (a) Ford Motor Company and its Affiliates shall be equal to 6.0% of the aggregate Outstanding Balance of all Non-Defaulted Receivables, (b) General Motors Company and its Affiliates shall be equal to 6.0% of the aggregate Outstanding Balance of all Non-Defaulted Receivables, and (c) Uni-Select Inc. and its Affiliates shall be equal to 4.5% of the aggregate Outstanding Balance of all Eligible Receivables after subtracting the Pass Through Reserve, the Warranty Reserve, the Sales-Promotion Reserve and the Price Give Back Accrual.
Concentration Limit for any Obligor means at any time 6.00% ("Normal Concentration Limit"), or such other higher amount ("Special Concentration Limit"), for such Obligor designated on Schedule 1.01-1 hereto and, after the date of this Agreement designated by the Program Agent and each Investor Agent in a writing delivered to the Borrower; 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; provided further that the Program Agent may reduce or cancel in the Program Agent's reasonable discretion, or the Program Agent and all Investor Agents may increase, any Special Concentration Limit upon five Business Days' notice to the Borrower (with a copy to each of the other Agents).
Concentration Limit means, at any time, in relation to the aggregate Outstanding Balance of Receivables owed by any single Obligor (other than an Other Foreign Obligor) and its Affiliates (if any), the applicable concentration limit shall be determined as follows for such other Obligors who have short term unsecured debt ratings currently assigned to them by S&P and Xxxxx’x (or in the absence thereof, the equivalent long term unsecured senior debt ratings), the applicable concentration limit shall be determined according to the following table: S&P Rating Xxxxx’x Rating Allowable % of Eligible Receivables A-1+ P-1 12.00% A-1 P-1 10.00% A-2 P-2 8.00% A-3 P-3 4.00% Below A-3 or Not Rated by either S&P or Xxxxx’x Below P-3 or Not Rated by either S&P or Xxxxx’x 4.00% ; provided, however, that (i) if any Obligor has a split rating, the applicable rating will be the lower of the two, (ii) if any Obligor is a Non-Rated Obligor, the applicable Concentration Limit shall be the one set forth in the last line of the table above, and (iii) upon Seller’s request from time to time, the Purchasers, in their sole discretion, may agree to a higher percentage of Eligible Receivables for a particular Obligor and its Affiliates (each such higher percentage, a “Special Concentration Limit”), it being understood that any Special Concentration Limit may be cancelled by any Purchaser upon not less than five (5) Business Days’ written notice to Seller and the Administrative Agent.
Concentration Limit means the following limit:
Concentration Limit means, at any time, for any Obligor of a Receivable, (i) the Allowable Percentage (determined in accordance with the table set forth below) of the Net Outstanding Balance of all Eligible Receivables, or (ii) such higher percentage of the Net Outstanding Balance of all Eligible Receivables or higher amount (a “Special Concentration Limit”) for any Obligor designated in writing by the Program Agent (at the direction or with the consent of the Required Committed Investors); 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, the Program Agent (at the direction or with the consent of the Required Committed Investors) may, upon not less than three Business Daysnotice to Seller, cancel or modify any Special Concentration Limit (such right not to be unreasonably exercised). Allowable Percentage Fitch Rating S&P Rating Xxxxx’x Rating
Concentration Limit means, with respect to any Obligor, 2% (or such higher percentage as is agreed to by the Agent) of the Outstanding Balance of all Pool Receivables (a "Normal Concentration Limit"), or such other percentage of the Outstanding Balance of all Pool Receivables, or such amount as may be designated for any Obligor by the Seller and agreed to for such Obligor by the Agent, in a notice to the Agent in substantially the form of Exhibit A (such other percentage or amount for any Obligor being a "Special Concentration Limit"), subject to cancellation thereof pursuant to Section 2.01; provided, however, that, in the case of an Obligor with one or more Affiliated Obligors which is or are Designated Obligors, the Concentration Limit shall be calculated as if such Obligor and such one or more Affiliated Obligors were one Obligor.
Concentration Limit shall have the meaning specified in the Pricing Letter.