Limitation on Removals. Notwithstanding Sections 6.12(a) and (b) of the Master Agreement, the Servicer may not remove any Contract pursuant to such Sections 6.12(a) and (b) if the aggregate of the Contract Principal Balances removed pursuant to such Section exceeds ten percent (10%) of the then aggregate Contract Principal Balance of all Series 2000-A Contracts which are Eligible Contracts on such date.
Appears in 2 contracts
Samples: Financing Facility Agreement (Marlin Business Services Corp), Agreement (Marlin Business Services Inc)
Limitation on Removals. Notwithstanding Sections 6.12(a) and (bSection 6.12(b) of the Master Agreement, the Servicer may not remove any Contract pursuant to such Sections 6.12(a) and (bSection 6.12(b) if the aggregate of the Contract Principal Balances removed pursuant to such Section exceeds ten percent (10%) of the then aggregate Contract Principal Balance of all Maximum Series 2000-A Contracts which are Eligible Contracts on such dateLimit.
Appears in 1 contract
Samples: Financing Facility Agreement (Marlin Business Services Inc)
Limitation on Removals. Notwithstanding Sections 6.12(a) and (bSection 6.12(b) of the Master Agreement, the Servicer may not remove any Contract pursuant to such Sections 6.12(a) and (bSection 6.12(b) if the aggregate of the Contract Principal Balances removed pursuant to such Section exceeds ten five percent (105%) of the then aggregate Contract Principal Balance of all Maximum Series 2000-A Contracts which are Eligible Contracts on such dateLimit.
Appears in 1 contract
Samples: Backed Financing Facility Agreement (Marlin Business Services Corp)