Common use of Concentration Limit Clause in Contracts

Concentration Limit. The percentage of any debt from a single Account Debtor over the total amount outstanding from Borrower’s Purchased Accounts must remain below 25%; provided solely with the respect to Moon Tide Media LLC and its affiliates in the aggregate, the foregoing limit shall be 30%. In addition, QBO ACH Accounts, may not exceed 10% of all Purchased Accounts at any one time In the event the applicable percentages exceed the foregoing limits, Lender may exercise its right not to purchase more accounts from said Account Debtor or any other QBO ACH Accounts, as applicable.

Concentration Limit. The percentage of any debt from a single Account Debtor over the total amount outstanding from Borrower’s Purchased Accounts must remain below 25%; provided solely with the respect to Moon Tide Media LLC and its affiliates in the aggregate, the foregoing limit shall be 30%. In addition, QBO ACH Accounts, may not exceed 10% of all Purchased Accounts at any one time In the event the applicable percentages exceed percentage exceeds the foregoing limitslimit, Lender may exercise its right not to purchase more accounts from said Account Debtor or any other QBO ACH Accounts, as applicableDebtor.