Concentration Limit shall have the meaning set forth in the Pricing Side Letter.
Concentration Limit means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times (ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.
Concentration Limit means, at any time, for any Obligor, 2% of the aggregate Outstanding Balance of all Eligible Receivables, or such other amount (a “Special Concentration Limit”) for such Obligor designated by Agent and consented to by each Purchaser; provided, that in the case of an Obligor and any Affiliate of such Obligor, the Concentration Limit shall be calculated as if such Obligor and such Affiliate are one Obligor; and provided, further, that Agent may, upon not less than three Business Days’ notice to Seller, cancel any Special Concentration Limit.
Examples of Concentration Limit in a sentence
The Collateral Value at any time of any Eligible Collateral shall be the amount determined by the Collateral Monitor to be the Collateral Value of that Eligible Collateral at that time (such amount to take into account the Securities Discount and Currency Discounts referred to in paragraph 4 (Eligible Collateral) below and the application of the Concentration Limit) under and in accordance with the Collateral Monitoring Deed.
More Definitions of Concentration Limit
Concentration Limit means, at any time:
Concentration Limit means the Individual Concentration Limit and Aggregate Concentration Limit, as applicable.
Concentration Limit means, at any time, for any Obligor and its Affiliates, considered as if they were one and the same Obligor, the percentage of Adjusted Eligible Receivables set forth in the table below opposite such Obligor’s applicable short-term unsecured debt ratings assigned by Xxxxx’x and S&P (or in the absence thereof, the equivalent long term unsecured senior debt ratings), or, subject to rating agency approval and/or an increase in the Required Reserve Factor Floor, upon Seller’s request from time to time, such higher Percentage of Adjusted Eligible Receivables (a “Special Concentration Limit”) for each Obligor designated by Xxxxx and the Gotham Group Agent or as set forth in the Gotham Group Fee Letter and the Xxxxx Fargo Fee Letter: Short-Term S&P Rating Long-Term S&P Rating Short-Term Xxxxx’x Rating Long-Term Xxxxx’x Rating Allowable % of Adjusted Eligible Receivables Tier Level A-1 or higher A+ or higher P-1 A1 or higher 20.00% I A-2 BBB+, A-, or A P-2 A2, A3 or Baa1 12.50% II A-3 BBB or BBB- P-3 Baa2 or Baa3 8.00% III Below A-3 or Not Rated by either S&P or Xxxxx’x Below BBB- or Not Rated by either S&P or Xxxxx’x Below P-3 or Not Rated by either S&P or Xxxxx’x Below Baa3 or Not Rated by either S&P or Xxxxx’x 5.00% IV ; provided, however, that (a) if any Obligor has a split rating, the applicable rating will be the lower of the two, (b) if any Obligor is not rated by either S&P or Xxxxx’x, the applicable Concentration Limit shall be the one set forth in the last line of the table above, and (c) either Xxxxx Fargo or the Gotham Group Agent may, upon not less than ten (10) Business Days’ written notice to Seller, cancel any Special Concentration Limit.
Concentration Limit means the following limit:
Concentration Limit means a threshold of any classified impurity, additive or individual constituent in a substance or in a mixture that may trigger classification of the substance or the mixture, respectively;
Concentration Limit means, for each Concentration Category, the applicable limitation set forth in the Pricing Letter.
Concentration Limit means, as of any date of determination, with respect to the Eligible Mortgage Loans included in any Concentration Category, the applicable amount that the aggregate Purchase Price for such Eligible Mortgage Loans may not at any time exceed, as set forth in the below table. Concentration Category Concentration Limit (percentages based on Maximum Purchase Amount) Wet Mortgage Loans [***] Jumbo Mortgage Loans [***]* Manufactured Housing Mortgage Loans [***] State Agency Program Loans [***] HECMs [***] Condo Loans [***] Low FICO Government Mortgage Loans [***] Second Lien Mortgage Loans [***] FHA 203(k) Loans [***] Xxxxxx Xxx Renovation Loans [***] Aged Mortgage Loans [***] *The aggregate concentration of the Jumbo Mortgage Loans shall be subject to a [***] concentration sublimit for Jumbo Mortgage Loans (Specialty) and in such concentration sublimit there shall be no more than (i) [***] concentration of Jumbo Mortgage Loans (High DTI), (ii) [***] concentration of Jumbo Mortgage Loans (IO), (iii) [***] concentration of Jumbo Mortgage Loans (High Limit), (iv) [***] concentration of Jumbo Mortgage Loans (Modified DTI) and (v) [***] concentration, in the aggregate, of Jumbo Mortgage Loans (High LTV) and Jumbo Mortgage Loans (Ultra LTV), with no more than [***] concentration of Jumbo Mortgage Loans (Ultra LTV).