Common use of Dealer Concentrations Clause in Contracts

Dealer Concentrations. (a) On the last day of each Collection Period, the Servicer shall, for purposes of determining the Required Participation Percentage for any Series, determine (a) if the aggregate amount of Principal Receivables due from either AutoNation, Inc. and its affiliates or United Auto Group, Inc. and its affiliates at the close of business on such last day is greater than 4% of the Pool Balance on such last day and (b) if the aggregate amount of Principal Receivables due from any other Dealer or group of affiliated Dealers at the close of business on such last day is greater than 1.5% of the Pool Balance on such last day. The Servicer shall promptly provide the Trust and the Trustee a report setting forth the basis for such determination. The Trustee upon request from any Rating Agency will make such report available to such Rating Agency.

Dealer Concentrations. (a) On the last day of each Collection Period, the Servicer shall, for purposes of determining the Required Participation Percentage for any Series, determine (a) if the aggregate amount of Principal Receivables due from either AutoNation, Inc. and its affiliates or 50 United Auto Group, Inc. and its affiliates at the close of business on such last day is greater than 4% of the Pool Balance on such last day and (b) if the aggregate amount of Principal Receivables due from any other Dealer or group of affiliated Dealers at the close of business on such last day is greater than 1.5% of the Pool Balance on such last day. The Servicer shall promptly provide the Trust and the Trustee a report setting forth the basis for such determination. The Trustee upon request from any Rating Agency will make such report available to such Rating Agency.