Common use of Concentration Clause in Contracts

Concentration. (i) The aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting Receivable Table of Contents Balance, (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall not be greater than 58 months, (iv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, (v) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed be more than 2.00% of the Aggregate Starting aggregate Receivable Table Balance of Contents Balanceall Receivables in the Trust, (ii) the weighted average Annual Percentage Rate of the Receivables in the Trust shall not be less than 6.90%, (iii) the weighted average remaining maturity of the Receivables in the Trust shall not be greater than 54 months, (iv) the aggregate Starting Receivable Balance of all Receivables having a remaining term the Retail Leases in excess of 72 months as of the Cutoff Date shall Trust will not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall not be greater than 58 months, (ivv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, Balance and (vvi) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting Receivable Table of Contents Receivables Balance, ; (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the Cutoff Date shall not exceed 10.006.00% of the Aggregate Starting Receivables Balance, ; (iii) the weighted average remaining maturity of the Designated all Receivables shall not be greater than 58 55 months, ; (iv) the aggregate Starting Receivables Receivable Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.000.00% of the Aggregate Starting Receivables Balance, ; (v) the aggregate Starting Receivables Receivable Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.001.00% of the Aggregate Starting Receivables Balance, ; (vi) the aggregate Starting Receivables Receivable Balance of all Receivables secured by used vehicles does not exceed 22.5022.00% of the Aggregate Starting Receivables Balance and Balance; (vii) the aggregate Starting Receivables Receivable Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.5012.00% of the Aggregate Starting Receivables Balance; (viii) the sum of the aggregate Starting Receivable Balance of all Receivables that are (y) Equal Payment Balloon Receivables or (z) Level Principal Balloon Receivables (both as defined in Section 3.01(a)(iv) herein) shall not exceed 40.00% of the Aggregate Starting Receivables Balance; and (ix) the aggregate Starting Receivable Balance of all Receivables the Obligors of which are leasing the related Financed Vehicles through NFC’s Idealease program shall not exceed 53.00% of the Aggregate Starting Receivables Balance.

Concentration. (i) The aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.003.00% of the Aggregate Starting Receivable Table of Contents Balance, (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the Cutoff Date shall not exceed 10.004.54% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall not be greater than 58 49 months, (iv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.000.00% of the Aggregate Starting Receivables Balance, (v) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.000.17% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.5022.33% of the Aggregate Starting Receivables Balance and Balance, (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.509.06% of the Aggregate Starting Receivables Balance, (viii) the aggregate Starting Receivables Balance of all Receivables that are Equal Payment Balloon Receivables (as defined in Section 3.01(a)(iv) herein) shall not exceed 39.97% of the Aggregate Starting Receivables Balance, and (ix) the aggregate Starting Receivables Balance of all Receivables the Obligors of which are leasing the related Financed Vehicle through NFC’s Idealease program shall not exceed 44.82% of the Aggregate Starting Receivables Balance.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting aggregate Receivable Table Balance of Contents Balanceall Receivables in the Trust, (ii) the weighted average Annual Percentage Rate of the Receivables in the Trust shall not be less than 7.33%, (iii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the applicable Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, (iiiiv) the weighted average remaining maturity of the Designated Receivables in the Trust shall not be greater than 58 months, (ivv) the aggregate Starting Receivable Balance of the Retail Leases in the Trust will not exceed 10.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, Balance and (vvii) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed be more than 2.00% of the Aggregate Starting aggregate Receivable Table Balance of Contents Balanceall Receivables in the Trust, (ii) the weighted average Annual Percentage Rate of the Receivables in the Trust shall not be less than 6.65%, (iii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the applicable Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, (iiiiv) the weighted average remaining maturity of the Designated Receivables in the Trust shall not be greater than 58 months, (ivv) the aggregate Starting Receivable Balance of the Retail Leases in the Trust will not exceed 10.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, Balance and (vvii) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. (i) The aggregate Starting Receivable Balance of all Receivables from a single Obligor shall does not exceed 2.00% of the Aggregate Starting aggregate Receivable Table Balance of Contents Balanceall Receivables in the Trust, (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the Cutoff Date shall does not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall in the Trust is not be greater than 58 months, (iv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall does not exceed 3.00% of the Aggregate Starting Receivables Balance, (v) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall does not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and Balance, (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.5023.00% of the Aggregate Starting Receivables Balance, (viii) the aggregate Starting Receivable Balance of the Retail Leases in the Trust does not exceed 10.00% of the Aggregate Starting Receivables Balance and (ix) the Designated Receivables have a Weighted Average Coupon of not less than 8.00%.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreement, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting Receivable Table of Contents Balance, (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the applicable Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall not be greater than 58 months, (iv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, (v) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.5022.00% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.5022.00% of the Aggregate Starting Receivables Balance.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed be more than 2.00% of the Aggregate Starting aggregate Receivable Table Balance of Contents Balanceall Receivables in the Trust, (ii) the weighted average Annual Percentage Rate of the Receivables in the Trust shall not be less than 6.50%, (iii) the weighted average remaining maturity of the Receivables in the Trust shall not be greater than 54 months, (iv) the aggregate Starting Receivable Balance of all Receivables having a remaining term the Retail Leases in excess of 72 months as of the Cutoff Date shall Trust will not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall not be greater than 58 months, (ivv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, Balance and (vvi) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting aggregate Receivable Table Balance of Contents Balanceall Receivables in the Trust, (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the applicable Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables in the Trust shall not be greater than 58 months, (iv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, (v) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does shall not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does shall not exceed 22.50% of the Aggregate Starting Receivables Balance. The Designated Receivables transferred on any Purchase Date shall have a Weighted Average Coupon of not less than 8.00%.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance Balances of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting Receivable Table Balances of Contents Balance, all Receivables; (ii) the weighted average Annual Percentage Rate of the Receivables in the Trust shall not be less than 5.00%; (iii) the aggregate Starting Receivable Balance Balances of all Receivables having a remaining term in excess of 72 months as of the Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, Balances; (iiiiv) the weighted average remaining maturity of the Designated all Receivables shall not be greater than 58 months, ; (ivv) the aggregate Starting Receivables Receivable Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, ; and (vvi) the aggregate Starting Receivables Balance Balances for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. (i) The aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting Receivable Table of Contents Balance, (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall not be greater than 58 months, (iv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, (v) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, Balance and (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. (i) The aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.00% of the Aggregate Starting Receivable Table of Contents BalanceBalance , (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the Cutoff Date shall not exceed 10.00% of the Aggregate Starting Receivables Balance, (iii) the weighted average remaining maturity of the Designated Receivables shall not be greater than 58 months, (iv) the aggregate Starting Receivables Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.00% of the Aggregate Starting Receivables Balance, (v) the aggregate Starting Receivables Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.00% of the Aggregate Starting Receivables Balance, Balance and (vi) the aggregate Starting Receivables Balance of all Receivables secured by used vehicles does not exceed 22.50% of the Aggregate Starting Receivables Balance and (vii) the aggregate Starting Receivables Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.50% of the Aggregate Starting Receivables Balance.

Concentration. After giving effect to the transfer of such Designated Receivables to the Trust under the Further Transfer and Servicing Agreements, (i) The the aggregate Starting Receivable Balance of all Receivables from a single Obligor shall not exceed 2.003.00% of the Aggregate Starting Receivable Table of Contents Receivables Balance, ; (ii) the aggregate Starting Receivable Balance of all Receivables having a remaining term in excess of 72 months as of the applicable Cutoff Date shall not exceed 10.006.00% of the Aggregate Starting Receivables Balance, ; (iii) the weighted average remaining maturity of the Designated all Receivables shall not be greater than 58 50 months, ; (iv) the aggregate Starting Receivables Receivable Balance of all Receivables not originated by NFC or one of its Affiliates shall not exceed 3.000.00% of the Aggregate Starting Receivables Balance, ; (v) the aggregate Starting Receivables Receivable Balance for all Receivables that are Eligible Restructured Receivables shall not exceed 5.001.00% of the Aggregate Starting Receivables Balance, ; (vi) the aggregate Starting Receivables Receivable Balance of all Receivables secured by used vehicles does not exceed 22.5022.00% of the Aggregate Starting Receivables Balance and Balance; (vii) the aggregate Starting Receivables Receivable Balance of all Receivables owed by Non-Fleet Obligors does not exceed 22.5012.00% of the Aggregate Starting Receivables Balance; (viii) the sum of the aggregate Starting Receivable Balance of all Receivables that are (y) Equal Payment Balloon Receivables or (z) Level Principal Balloon Receivables (both as defined in Section 3.01(a)(iv) herein) does not exceed 40.00% of the Aggregate Starting Receivables Balance; and (ix) the aggregate Starting Receivable Balance of all Receivables the Obligors of which are leasing the related Financed Vehicles through NFC’s Idealease program does not exceed 53.00% of the Aggregate Starting Receivables Balance.