Special Concentration Limit definition

Special Concentration Limit has the meaning set forth in the definition of Concentration Percentage.

Special Concentration Limit has the meaning assigned to that term in the definition of “Concentration Limit.”

Special Concentration Limit means, at any time, with respect to any Special Obligor (together with its Affiliates or subsidiaries), the product of (i) the applicable percentage set forth below corresponding to Moody’s and S&P short-term debt ratings for such Special Obligor at such time or such percentage as may be otherwise set forth below with respect to such Special Obligor and (ii) the Net Receivables Balance at such time: Special Obligors with ratings at or above: S&P Rating Xxxxx’x Rating Percentage A-1+ and P-1 14.50 % A-1 and P-1 9.57 % A-2 or lower or unrated and P-2 or lower or unrated 7.25 % provided, that notwithstanding the foregoing grid:

Examples of Special Concentration Limit in a sentence

• In the event that any other Obligor is or becomes an Affiliate of the Special Obligor, the Special Concentration Limit shall apply to both such Obligor and the Special Obligor and shall be calculated as if such Obligor and the Special Obligor were a single Obligor.

• Group A Obligor, 20%, (ii) Group B Obligor, 15%, (iii) Group C Obligor, 10% and (iv) Group D Obligor, 7% and (b) for The Boeing Company (the “ Special Obligor”), 20% (the “Special Concentration Limit”); provided, however, that the Administrative Agent may, in its sole discretion, approve higher “Concentration Percentages” for selected Obligors; provided, further, that the Administrative Agent may, upon not less than ten (10) Business Days’ notice to Seller, cancel or reduce the Special Concentration Limit.

• In the event that any Special Obligor is or becomes an Affiliate of another Special Obligor, the Special Concentration Limit for such Special Obligors shall be calculated as if such Obligors were a single Obligor in the same manner as contemplated under the definition of “Concentration Limit”.

• The definition of “Concentration Percentage” set forth in Section 1.01 of the Note Purchase Agreement is amended by deleting the reference to “20.00%” where it appears in the table set forth therein as the Special Concentration Limit applicable to AmerisourceBergen Drug Corporation and substituting “30.00%” therefor.

• Receivables owed by The Dow Chemical Company, Dow Deutschland Anlagengesellschaft mbH, Dow Europe GmbH and Dow Hellas A.E. have, collectively, a Special Concentration Limit of 10% of the Outstanding Balance of all Eligible Receivables.

More Definitions of Special Concentration Limit

Special Concentration Limit means, for any Obligor or Financing Party while such Obligor or Financing Party is a Special Obligor, the percentage applicable to such Special Obligor and designated as the “Special Concentration Limit” in the written approval of such Obligor or Financing Party as a Special Obligor by the Agent and the Class Agents.

Special Concentration Limit has the meaning set forth in Section 2.04(c).

Special Concentration Limit has the meaning specified within the definition of “Concentration Limit” in this Section 1.01.

Special Concentration Limit shall have the meaning set forth in the definition of “Standard Concentration Limit” set forth in this Exhibit I.

Special Concentration Limit for any Obligor at any time means the amount, --------------------------- if any, most recently designated by the Agent in a writing delivered to the Transferor as the Special Concentration Limit for such Obligor.

Special Concentration Limit means, at any time, with respect to any Special Obligor, a dollar amount equal to a percentage of the aggregate Outstanding Balance of Eligible Receivables or such other limit as the Agent, with the consent of Moody’s and S&P, may designate for such Special Obligor; provided, that the Agent may, upon notice to Seller, cancel or reduce any Special Concentration Limit.

Special Concentration Limit. At any time for a Special Obligor, in relation to the aggregate outstanding Balance of Receivables owed by such Special Obligor and its Affiliates (if any), the applicable concentration limit established for such Special Obligor by the Agent and communicated in writing to Borrower; provided, however that the establishment and maintenance of any such Special Concentration Limit shall be subject to the satisfaction of the Rating Agency Condition and/or an increase in the percentage set forth in clause (i) of the definition of “Required Reserve Factor Floor; provided, further, however, that any Special Concentration Limit may be cancelled by the Agent upon not less than five (5) Business Days written notice to the Loan Parties.