Potential Offset Amount definition
Potential Offset Amount means an amount determined by the Local Servicer and equal to the amount of any known potential offset, counterclaim, or defense with respect to an Eligible Receivable, and further aggregated by the Master Servicer for the purposes of calculating the Aggregate Receivable Amount.
Potential Offset Amount means an amount determined by the Local Servicer and equal to the amount of any known potential offset, counterclaim, or defense with respect to an Eligible Receivable, and further aggregated by the Master Servicer for the purposes of calculating the Aggregate Receivable Amount, provided, however, that so long as Huntsman International maintains a long-term credit or corporate family (as applicable) rating by any two of S&P, Moody’s or Fitch of at least “BB”, “Ba2” or “BB”, respectively, the Master Servicer shall only be required to calculate the Potential Offset Amount with respect to the 20 largest vendors (measured by account payable balances) of Huntsman International and its Subsidiaries in the United States.
Potential Offset Amount means an amount determined by the Local Servicer and equal to the amount of any known potential offset, counterclaim, or defense with respect to an Eligible Receivable, and further aggregated by the Master Servicer for the purposes of calculating the Aggregate Receivable Amount; provided that so long as Huntsman International maintains a long-term credit or corporate family (as applicable) rating by any two of S&P, ▇▇▇▇▇’▇ or Fitch of at least “BB”, “Ba2” or “BB”, respectively, the Potential Offset Amount shall only be determined with respect to the Obligors who, together with their Affiliates, are the twenty largest Obligors that are also suppliers of goods or services purchased by the Originators, determined based on the percentages of the aggregate Principal Amount of all Pool Receivables.