Class A Concentration Excess Advance Rate Adjustment definition

Class A Concentration Excess Advance Rate Adjustment means, with respect to any FleetCo AAA Select Component, as of any date of determination, the lesser of (a) the percentage equivalent of a fraction, the numerator of which is (I) the product of (A) the portion of the Concentration Excess Amount, if any, allocated to such FleetCo AAA Select Component by the Issuer and (B) the relevant FleetCo Class A Baseline Advance Rate with respect to such FleetCo AAA Select Component, and the denominator of which is (II) such FleetCo AAA Select Component, in each case as of such date, and (b) the relevant FleetCo Class A Baseline Advance Rate with respect to such FleetCo AAA Select Component; provided that, the portion of the Concentration Excess Amount allocated pursuant to the preceding item (a)(I)(A) shall not exceed the portion of such FleetCo AAA Select Component that was included in determining whether such Concentration Excess Amount exists; provided further that, for the avoidance of doubt, Concentration Excess Amounts shall not be allocated to the Remainder AAA Amount for such FleetCo or the Net VAT Receivables for such FleetCo.
Class A Concentration Excess Advance Rate Adjustment means, with respect to any Series 2021-A AAA Select Component as of any date of determination, the lesser of:
Class A Concentration Excess Advance Rate Adjustment means, with respect to any Series 2013-A AAA Select Component as of any date of determination, the lesser of:

More Definitions of Class A Concentration Excess Advance Rate Adjustment

Class A Concentration Excess Advance Rate Adjustment means, with respect to any Series 2013-B AAA Select Component as of any date of determination, the lesser of: SI- 7 WEIL:\95470638\23\52399.0041

Related to Class A Concentration Excess Advance Rate Adjustment

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Advance Rate has the meaning assigned to such term in Section 5.13.