Addition Limit definition

Addition Limit means, unless and until each Note Rating Agency otherwise consents in writing, (i) the aggregate number of Additional Accounts designated with respect to any three consecutive Monthly Periods shall not exceed 15% of the aggregate number of Accounts as of the first day of such three-month period, (ii) the aggregate number of Additional Accounts designated with respect to any twelve consecutive Monthly Periods shall not exceed 20% of the aggregate number of Accounts as of first day of such twelve-month period, (iii) the aggregate amount of Receivables added to the Trust with respect to any three consecutive Monthly Periods shall not exceed 15% of the aggregate amount of Receivables in the Trust as of the first day of such three-month period and (iv) the aggregate amount of Receivables added to the Trust with respect to any twelve consecutive Monthly Periods shall not exceed 20% of the aggregate amount of Receivables in the Trust as of the first day of such twelve-month period.
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Addition Limit means, with respect to any asset pool, the number of Additional Accounts designated to be included in the Portfolio of that asset pool without prior rating agency consent which would either:
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Addition Limit means, with respect to Asset Pool One, the number of Additional Accounts designated to be included in the Asset Pool One Portfolio without prior rating agency consent which would either:
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Examples of Addition Limit in a sentence

  • The removal of Excess Automatic Additional Accounts in accordance with this Section 2.6(d) shall be deemed to cure any violation of the Aggregate Automatic Addition Limit, and such removal shall constitute the sole remedy respecting any such violation available to Certificateholders or the Trustee on behalf of Certificateholders.

  • Unless Standard & Poor’s otherwise consents, the number of Automatic Additional Accounts plus the number of Accounts added pursuant to Section 2.08(a), without the prior notice of Standard & Poor’s as described under Section 2.08(d)(v), shall not at any time exceed the Aggregate Addition Limit; provided, however, if the Aggregate Addition Limit is exceeded for purposes of Section 2.08(a), the Transferor shall have delivered written notice to ▇▇▇▇▇’▇ of any such Addition.

  • Unless ▇▇▇▇▇’▇ otherwise consents, the number of Automatic Additional Accounts added pursuant to Section 2.08(c), without prior notice of ▇▇▇▇▇’▇ as described under Section 2.08(d)(v), shall not at any time exceed the Aggregate Addition Limit.

  • Unless Moody's otherwise consents, the number of Automatic Additional Accounts added pursuant to Section 2.08(c), without prior notice of Moody's as described under Section 2.08(d)(v), shall not at any time exceed the Aggregate Addition Limit.

  • The removal of Excess Automatic Additional Accounts in accordance with this Section 2.6(d) shall be deemed to cure any violation of the Aggregate Automatic Addition Limit, and such removal shall constitute the sole remedy respecting any such violation available to the Issuer, the Noteholders or the Indenture Trustee on behalf of the Noteholders.

  • Unless each Rating Agency otherwise consents, the number of Automatic Additional Accounts plus the number of Accounts added pursuant to Section 2.08(a), without the prior Rating Agency notice described under Section 2.08(d)(v), shall not at any time exceed the Aggregate Addition Limit.

  • Unless Standard & Poor’s otherwise consents, the number of Automatic Additional Accounts plus the number of Accounts added pursuant to Section 2.08(a), without the prior notice of Standard & Poor’s as described under Section 2.08(d)(v), shall not at any time exceed the Aggregate Addition Limit; provided, however, if the Aggregate Addition Limit is exceeded for purposes of Section 2.08(a), the Transferor shall have delivered written notice to Moody’s of any such Addition.

  • Unless Standard & Poor's otherwise consents, the number of Automatic Additional Accounts plus the number of Accounts added pursuant to Section 2.08(a), without the prior notice of Standard & Poor's as described under Section 2.08(d)(v), shall not at any time exceed the Aggregate Addition Limit; provided, however, if the Aggregate Addition Limit is exceeded for purposes of Section 2.08(a), the Transferor shall have delivered written notice to Moody's of any such Addition.

  • The Aggregate Addition Limit shall be deemed to be exceeded at any time when the designation of one more Automatic Additional Account would cause: (a) the number of accounts so designated during any fiscal quarter to exceed 15% of the number of Accounts as of the first day of the fiscal year during which such fiscal quarters fall; or (b) the number of accounts so designated during any twelve-month period to exceed 20% of the number of Accounts as of the first day of such twelve-month period.

  • Unless Standard & Poor's otherwise consents, the number of Automatic Additional Accounts plus the number of Accounts added pursuant to Section 2.08(a), without the prior notice of Standard & Poor's as described under Section 2.08(d)(v), shall not at any time exceed the Aggregate Addition Limit; provided, however, if the Aggregate Addition Limit is exceeded for purposes of -------- ------- Section 2.08(a), the applicable Seller shall have delivered written notice to Moody's of any such Addition.