Country Concentration Limit definition

Country Concentration Limit means at any time, for any Approved Country other than the United States or Canada, an amount equal to (a) the aggregate Outstanding Balance of Eligible Accounts included in the Total Borrowing Base, after giving effect to the limits on concentration specified in the definition of Eligible Accounts (on an iterative basis), multiplied by (b) the applicable percentage set forth below:
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Country Concentration Limit means, with respect to any Approved Obligor Jurisdiction at any time, the product of the Country Concentration Factor, if any, for such Approved Obligor Jurisdiction, multiplied by the Total Eligible Receivables Balance at such time.
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Country Concentration Limit means at any time, for any Approved Country other than the United States or Canada, (i) if such Approved Country has Foreign Currency Long Term Debt Ratings of BBB- or better from S&P and Ba1 or better from Moody’s, 15% or (ii) otherwise, 10%; provided that the Agent may, in its Discretion and at any time, on account of bona fide credit reasons, reduce (to a lesser amount or to zero) any Country Concentration Limit.
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Examples of Country Concentration Limit in a sentence

  • Formatted: Font: Italic(ii) Country Concentration Limit: The Formatted: Indent: Left: 3,28 cm, No bullets or numbering(ii)This limit restricts the percentage of the First Compartment shall not invest more than twenty percent (20%) of itsCompartments' total assets that shall be invested in one single country calculated on the basis of NAV of all Investee SFI portfolio assets plus current value of cash and cash equivalents and liquid investments in any single country after 31 December 2020;.


More Definitions of Country Concentration Limit

Country Concentration Limit means, on any date with respect to any country the percentage set forth below opposite the category of Public Debt Rating applicable to such country (including "Non-Rated" as a Public Debt Rating") or such different percentage as shall be selected by the Transferor; provided that the Rating Agency Condition shall have first been satisfied with respect to such different percentage: S&P Xxxxx'x Percentages --- ------- ----------- AA or higher Aa2 or higher No Limit A to AA- A2 to Aa3 7.0% BBB- to A- Baa3 to A3 5.5% Non-Investment Grade/Non-Rated Countries 6 Largest Countries (measured by Outstanding Balance of Receivables) 4.0% All Other Countries 1.5%
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Country Concentration Limit means at any time, for any Approved Country other than the United States or Canada, 4.00% (or, if such Approved Country is not listed on the "Country Schedule" to the Insurance Policy, 2.00%) of the Net Receivables Pool Balance (the "Normal Country Concentration Limit"), or such other higher percentage (a "Special Country Concentration Limit") for such Approved Country as is designated on Schedule V hereto and, after the date of this Agreement, is designated by the Agent in its sole discretion in a writing delivered to the Seller; provided that the Agent may, in its sole discretion and at any time, on account of bona fide credit reasons, reduce or cancel any Special Country Concentration Limit and reinstate the Normal Country Concentration Limit with respect to the applicable Approved Country upon notice to the Seller.
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Related to Country Concentration Limit

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • 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 Limits means, as of any date of determination prior to (x) the Commitment Termination Date with respect to all items below and (y) the Final Maturity Date with respect to the concentration limit set forth in clause (c) below, for purposes of determining the Excess Concentration Amount and the Borrowing Base, the concentration limitations set forth below:

  • Excess Concentration Amount means, on any date of determination, the sum of, without duplication,

  • Excess Concentration means the sum of the following amounts, without duplication:

  • Concentration Limitations has the meaning set forth in Schedule 4.

  • Concentration Percentage means (i) for any Group AA Obligor, 30.00%, (ii) for any Group A Obligor, 17.50%, (iii) for any Group B Obligor, 15.00%, (iv) for any Group C Obligor, 12.50% and (v) for any Group D Obligor, 7.50%.

  • 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.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Excess Additional Book Basis has the meaning given such term in the definition of “Additional Book Basis Derivative Items.”

  • Concentration means the weight of any given material present in a unit volume of liquid. Unless otherwise indicated in this permit, concentration values shall be expressed in milligrams per liter (mg/l).

  • Overconcentration Amount means as of any date of calculation of the Effective Leverage Ratio for the Fund, an amount equal to the sum of (without duplication):

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Required Reserve Factor Floor means, for any month, the sum (expressed as a percentage) of (i) 19.55% plus (ii) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.