Common use of Concentrations Clause in Contracts

Concentrations. As of the Closing Date, no single obligor represents more than 1.00% of the initial aggregate balance of all Receivables. Data tape Schedule of Receivables i) Observe the Schedule of Receivables and the data tape and calculate the initial aggregate balance of all the Receivables in the pool ii) Observe the data tape and determine the unpaid principal balance of the Receivable and all other Receivables to which the Obligor is a party. Aggregate the unpaid principal balances of all of the Obligor’s Receivables iii) Calculate the ratio of the aggregate unpaid principal balance of the Obligor’s Receivables as a percentage of the aggregate balance of the pool of Receivables iv) If the answer to (iii) is less than or equal to 1.00%, then Test Pass.

Concentrations. As of the Closing Date, no single obligor represents more than 1.00% [1.00]% of the initial aggregate balance of all Receivables. Data tape Tape Schedule of Receivables i) Observe the Schedule of or Receivables and the data tape Data Tape and calculate the initial aggregate balance of all the Receivables in the loan pool. ii) Observe the data tape Data Tape and determine the unpaid principal balance of the Selected Receivable and all other Receivables to which the Obligor is a party. Aggregate the unpaid principal balances of all of the Obligor’s Receivables. iii) Calculate the ratio of the aggregate unpaid principal balance balances of the Obligor’s Receivables as a percentage of the aggregate balance of the pool of Receivables iv) loan pool. If the answer to (iii) is less than or equal to 1.00%, then Test Pass.