Geographic Concentration Limit definition

Geographic Concentration Limit means, an amount equal the product of (a) the Geographic Concentration Percentage Limit and (b) the Aggregate Adjusted Equipment Value.
Geographic Concentration Limit means the following limitations on the percentage (based on Appraised Value) of contribution of Eligible Collateral toward the Borrowing Base that may be Located (as defined below) in the following regions: · Tier I: There shall be no limit on the percentage of Eligible Collateral that is Located in the USA, Canada, EU, UK, Japan, South Korea, Australia, New Zealand or South Africa. · Tier II: No more than 35% of the borrowing Base shall arise from Eligible Collateral Located in the following countries (on an aggregate basis): any country in Asia that is not included in Tier I or III; any Caribbean country; any Central American country not included in Tier I or III; any South American country not included in Tier I or III; any European country not included in Tier I or III; or any Middle Eastern country not included in Tier I or III. · Tier III: No more than 10% of the Borrowing Base shall arise from eligible Collateral Located in the following countries (on an aggregate basis): any African country not included in Tier I or II, Afghanistan, Bolivia, Ecuador, India, Iraq, Lebanon, Mongolia, Myanmar, Nepal, Pakistan, Russia, Sri Lanka, Venezuela, or Yemen. · Further, at no time shall the Borrowing Base arising from Eligible Collateral Located in Tier II and Tier III countries (on an aggregate basis) exceed 35%. · For purposes of this definition, an Equipment is deemed “Located” in a particular country if (i) with respect to an Equipment subject to an Eligible Lease, such country is the country of domicile for the Lessee under such Eligible Lease as set forth in the Eligible Lease and, if the Lessee’s country of domicile is not set forth in the Eligible Lease, such country is where such Lessee’s executive offices are located, and (ii) with respect to an Equipment that is Off-Lease, such Equipment is registered on that country’s aircraft registry. · The Geographic Concentration Limit shall be calculated without taking into consideration the Spot Market Assets.

Examples of Geographic Concentration Limit in a sentence

  • In addition, each of the Sector Concentration Limit Property Covenant and the Geographic Concentration Limit Property Covenant were amended to increase the maximum percentage of Total Collateral Value applicable to certain Sectors and Regions as set out in the tables below.

Related to Geographic Concentration Limit

  • Concentration Limits has the meaning given to such term in Section 5.03(a) hereof.

  • 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 Limitations has the meaning set forth in Schedule 4.

  • Obligor Concentration Limit means, at any time, in relation to the aggregate Outstanding Balance of Receivables owed by any single Obligor and its Affiliates (if any), the applicable concentration limit shall be determined as follows for Obligors who have short term unsecured debt ratings currently assigned to them by S&P and Moody's (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: Allowable % of S&P Rating Xxxxx'x Rating Eligible Receivables -------------------------------------------------------------------------------------------- A-1+ P-1 10% -------------------------------------------------------------------------------------------- A-1 P-1 8% -------------------------------------------------------------------------------------------- A-2 P-2 6% -------------------------------------------------------------------------------------------- A-3 P-3 3% -------------------------------------------------------------------------------------------- Below A-3 or Not Rated by either Below P-3 or Not Rated by S&P or Moody's either S&P or Moody's 2.5% -------------------------------------------------------------------------------------------- ; PROVIDED, HOWEVER, that (a) if any Obligor has a split rating, the applicable rating will be the lower of the two, (b) if any Obligor is not rated by either S&P or Moody's, the applicable 62 Obligor Concentration Limit shall be the one set forth in the last line of the table above, and (c) subject to satisfaction of the Rating Agency Condition or an increase in the percentage set forth in clause (a)(i) of the definition of "REQUIRED RESERVE," upon the Borrower's request from time to time, the Administrative Agent 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 the Administrative Agent upon five Business Days' notice to the Loan Parties. The Administrative Agent hereby agrees that International Business Machines Corp. shall have a Special Concentration Limit of 11%.

  • Baseline concentration means that ambient concentration level that exists in the baseline area at the time of the applicable minor source baseline date. A baseline concentration is deter- mined for each pollutant for which a minor source baseline date is estab- lished and shall include:

  • Excess Concentration means the sum of the following amounts, without duplication:

  • Net concentration means the difference between the concentration of a given substance in a sample taken of the discharge and the concentration of the same substances in a sample taken at the intake which supplies water to the given process. For the purpose of this definition, samples that are taken to determine the net concentration shall always be 24-hour composite samples made up of at least six increments taken at regular intervals throughout the plant day.

  • median concentration means that half of the homes in a county are expected to be below this value and half to be above it. All houses contain some radon, and a few houses will contain much more than the median concentration. The only way to accurately assess long-term exposure to radon in a specific house is through long-term testing (sampling the indoor air for a year or more). The EPA recommends that all homes be tested for radon. Columbia University's "Radon Project" website offers help to homeowners in assessing the cost vs. benefit of testing a specific house for radon or modifying it for radon reduction (see http://www.stat.columbia.edu/~radon/).

  • Alcohol concentration means the number of grams of alcohol per:

  • Background concentration means such concentration of that substance as is present in:

  • Concentration Percentage means (i) for any Group A Obligor, 10.00%, (ii) for any Group B Obligor, 8.00%, (iii) for any Group C Obligor, 6.00% and (iv) for any Group D Obligor, 4.00%.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Concentration means the weight of any given material present in a unit volume of liquid. Unless otherwise indicated in this permit, concentration values shall be expressed in milligrams per liter (mg/l).

  • Excess Concentration Amount means, on any date of determination, the sum of, without duplication,

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Criteria pollutant means a pollut- ant for which the Administrator has promulgated a national ambient air quality standard pursuant to 42 U.S.C. 7409 (i.e., ozone, lead, sulfur dioxide, particulate matter, carbon monoxide, nitrogen dioxide).

  • Derived air concentration (DAC) means the concentration of a given radionuclide in air which, if breathed by the reference man for a working year of 2,000 hours under conditions of light work, results in an intake of one ALI. For purposes of these regulations, the condition of light work is an inhalation rate of 1.2 cubic meters of air per hour for 2,000 hours in a year. DAC values are given in Part 4, Appendix 4B, Table 4B1, Column 3.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • In-stream Waste Concentration or "(IWC)" means the concentration of a discharge in the receiving water after mixing has occurred in the allocated zone of influence.

  • Residual disinfectant concentration means the concentration of disinfectant measured in mg/L in a representative sample of water.

  • Eligible area means a distressed area, a labor surplus area, an inner city area, or a situational distress area.

  • Excess Additional Book Basis has the meaning given such term in the definition of “Additional Book Basis Derivative Items.”

  • Maximum contaminant level (MCL) means the maximum permissible level of a contaminant in water which is delivered to any user of a public water system.

  • Low-level radioactive waste or “waste” means radioactive material that consists of or contains class A, B, or C radioactive waste as defined by 10 C.F.R. 61.55, as in effect on January 26, 1983, but does not include waste or material that is any of the following:

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Regulated NSR pollutant means the following: