Geographic Concentration Limits definition
Geographic Concentration Limits. The meaning specified in the Lease Acquisition Agreement; provided that, with the prior written approval of the -------- Majority Noteholders, the limitations set forth in the Lease Acquisition Agreement pursuant to the definition of "Geographic Concentration Limits" may be modified.
Geographic Concentration Limits. The meaning set forth in the Lease Acquisition Agreement.
Geographic Concentration Limits. The requirements that, as of any Acquisition Date during the Accumulation Period: (a) no single state shall account for more than 5% of the Aggregate Eligible IPB of Lease Contracts with Obligors located in such state except for California, Florida, Texas and New York and the two other states referred to in the next two clauses, (b) not more than 7.5% of the Aggregate Eligible IPB shall consist of Lease Contracts with Obligors located in one additional state other than California, Florida, Texas or New York, (c) not more than 7.5% of the Aggregate Eligible IPB shall consist of Lease Contracts with Obligors located in a second additional state other than California, Florida, Texas or New York, and (d) not more than 60% of the Aggregate Eligible IPB shall consist of Lease Contracts with Obligors located in the states of California, Florida, Texas and New York combined.