Common use of Approval Levels Clause in Contracts

Approval Levels. (a) The parties will target the following minimum approval rates for Retail Financing within each Credit Tier (each, a “Minimum Approval Target”): FICO Score Net Credit Loss Rates (Annualized) Approval Rates [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]

Appears in 3 contracts

Samples: Equity Option Agreement (Santander Consumer USA Holdings Inc.), Equity Option Agreement (Santander Consumer USA Holdings Inc.), Equity Option Agreement (Santander Consumer USA Holdings Inc.)

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Approval Levels. (a) The parties will target the following minimum approval rates for Retail Financing within each Credit Tier (each, a “Minimum Approval Target”): FICO Score Net Credit Loss Rates (Annualized) Approval Rates [***] [***] ]% [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] ]-[***]% [***] [***]% [***]-[***]% [***] [***]% [***]-[***]% [***] [***]% [***]-[***]% [***] [***]% [***]-[***]% [***] [***]% [***]-[***]%

Appears in 3 contracts

Samples: Master Private Label Financing Agreement, Master Private Label Financing Agreement (Chrysler Group LLC), Master Private Label Financing Agreement (Chrysler Group LLC)

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