Examples of Concentration Limitation in a sentence
For purposes of determining whether a Concentration Limitation is satisfied or maintained or improved, both the numerator and the denominator in the related calculation will be based on the Collateral Principal Amount on the date of determination.
Notwithstanding the foregoing, where the merger or consolidation of one or more Lessees results in an aggregate Adjusted Value that exceeds the Customer Concentration Limitation, the Issuer will not be obligated to address such noncompliance, however, additional Portfolio Railcars leased to such Lessee may not be purchased by the Issuer unless, upon purchase, the Adjusted Value of the Issuers’ Portfolio Railcars leased to such individual Lessee will meet the applicable Customer Concentration Limitation.
The total number of Lots Under Development and Developed Lots to be included in the Borrowing Base as of the date of any request made hereunder shall not be in excess of the Lot Concentration Limitation.
If and to the extent that Interests of the Company beneficially owned by any Person or its Related Persons are held of record by any other Person, this ARTICLE IX shall be enforced against such Record Owner by requiring the sale of Interests of the Company held by such Record Owner in accordance with this Section 9.1, in a manner that will accomplish the Concentration Limitation applicable to such Person and its Related Persons.
For the avoidance of doubt, in the case of an increase or reduction in respect of the Concentration Limitation relating to CCC Collateral Loans, the percentage in the definition of “CCC Excess” shall automatically change to reflect the corresponding Concentration Limitation then elected.