User Concentration Limits definition

User Concentration Limits. Except with the consent of the Global Requisite Majority, (i) no more than 15% of the Adjusted Equipment Value of all items of Eligible Equipment (after giving effect to any Casualty Losses, any Major Repairs and any Replacement Equipment calculated with respect to such Eligible Equipment as of the end of the immediately preceding Collection Period) may be leased to any one lessee (unless (A) such lessee is rated at least BBB by S&P or Baa3 by Moody’s or Dynamar3 by Dynamar BV, in which case up to 20% of the Adjusted Equipment Value of all items of Eligible Equipment (after giving effect to any Casualty Losses, any Major Repairs and any Replacement Equipment calculated with respect to such Eligible Equipment as of the end of the immediately preceding Collection Period) may be leased to any such lessee or (B) such lessee is APL, in which case up to 25% of the Adjusted Equipment Value of all items of Eligible Equipment (after giving effect to any Casualty Losses, any Major Repairs and any Replacement Equipment calculated with respect to such Eligible Equipment as of the end of the immediately preceding Collection Period) may be leased to APL) and (ii) no more than 40% of the Adjusted Equipment Value of all items of Eligible Equipment (after giving effect to any Casualty Losses, any Major Repairs and any Replacement Equipment calculated with respect to such Eligible Equipment as of the end of the immediately preceding Collection Period) may be leased to any three lessees (unless any one of such three lessees is APL or rated at least BBB by S&P, Baa3 by Moody’s or Dynamar3 by Dynamar BV, in which case up to 50% of the Adjusted Equipment Value of all items of Eligible Equipment (after giving effect to any Casualty Losses, any Major Repairs and any Replacement Equipment calculated with respect to such Eligible Equipment as of the end of the immediately preceding Collection Period) may be leased to any 3 lessees). For purposes of this definition, a User and all Affiliates of such User shall be considered one “User”.
Sample 1

Related to User Concentration Limits

  • Concentration Limits means, as of any date of determination prior to (x) the Commitment Termination Date with respect to all items below and (y) the Final Maturity Date with respect to the concentration limit set forth in clause (c) below, for purposes of determining the Excess Concentration Amount and the Borrowing Base, the concentration limitations set forth below:

  • 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.

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • Concentration Limitations has the meaning set forth in Schedule 4.

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

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

  • 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).

  • Concentration Percentage means (i) for any Group AA Obligor, 30.00%, (ii) for any Group A Obligor, 17.50%, (iii) for any Group B Obligor, 15.00%, (iv) for any Group C Obligor, 12.50% and (v) for any Group D Obligor, 7.50%.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • 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.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • Overconcentration Amount means as of any date of calculation of the Effective Leverage Ratio for the Fund, an amount equal to the sum of (without duplication):

  • Concentration Account Agreement as defined in subsection 4.16(b).