Excess Concentrations definition

Excess Concentrations shall have the meaning specified in Annex A hereto.

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Excess Concentrations has the meaning set forth in the definition of "Concentration Limit".

Excess Concentrations means, as of any date of determination, an amount equal to the sum of (without duplication):

Examples of Excess Concentrations in a sentence

For the selected obligors, recalculate the Obligor Excess Concentrations, if any.
Recalculate the Excess Concentrations (for each obligor and in aggregate).
Recalculate the Excess Concentrations (for each industry and in aggregate).
Recalculate the Excess Concentrations set forth in the definition of TRS Portfolio Excess Amount.
Agree all Borrowing Base Excess Concentrations the total of Sections [___] of the Investor Reports.
Top Obligors Rating Rating % Dollar Balance Concentration Total Excess Concentrations — Company Name: Title: Date: EXHIBIT IX FORM OF PERFORMANCE UNDERTAKING THIS PERFORMANCE UNDERTAKING (this “Undertaking”), dated as of December 19, 2012, is executed by Mohawk Industries, Inc., a Delaware corporation (the “Performance Guarantor”) in favor of Mohawk Factoring, LLC, a Delaware limited liability company (together with its successors and assigns, “Recipient”).
For the selected industries, recalculate the Industry Excess Concentrations, Obligor/Industry Overlap and Net Industry Concentration, if any.
Agree all TRS Excess Concentrations the total of Sections [___] of the Investor Reports.
Recalculate the 5% Normal Concentration Limit and the Excess Concentrations for each obligor and in aggregate.
Recalculate the Gross Excess Concentrations and Net (with Obligor) Excess Concentrations for Approved Foreign Assets, Distressed Assets (other than Class C Loan Assets), Non-Rated Assets, Loan Assets – Maturity Greater than 10 years, Eligible 2a-7 Interests and Pricing Committee Valued Assets.

More Definitions of Excess Concentrations

Excess Concentrations means, at any time, the sum of (a) the aggregate of all Cash stored in any single ATM in excess of the lesser of (A) the applicable insurance coverage with respect to the Cash stored in such ATM and (B) $80,000 (provided that if (I) such ATM is in a location where security or other personnel are employed to monitor such ATM 24 hours a day, the limit specified in clause (B) shall be $160,000 or (II) such ATM is located in a casino, the limit specified in clause (B) shall be $300,000), (b) in the event that more than 25% of the ATMs are located in or on property owned or operated (directly or indirectly) by a single Person (other than the Pantry Entities or the Cumberland Entities) or in facilities owned or operated (directly or indirectly) by the same retailer (other than the Pantry Entities or the Cumberland Entities), an amount of Cash equal to the product of (i) the average amount of Cash in all such ATMs and (ii) the number of such ATMs in excess of such 25% level, (c) in the event that more than 60% of the ATMs are located in or on property owned or operated (directly or indirectly) by the Pantry Entities or in facilities owned or operated (directly or indirectly) by the Pantry Entities, an amount of Cash equal to the product of (i) the average amount of Cash in all such ATMs and (ii) the number of such ATMs in excess of such 60% level, (d) in the event that more than 35% of the ATMs are located in or on property owned or operated (directly or indirectly) by the Cumberland Entities or in facilities owned or operated (directly or indirectly) by the Cumberland Entities, an amount of Cash equal to the product of (i) the average amount of Cash in all such ATMs and (ii) the number of such ATMs in excess of such 35% level, (e) in the event that more than 10% of the ATMs have greater than $60,000 in Cash, an amount of Cash equal to the product of (i) the average amount of Cash in all such ATMs and (ii) the number of such ATMs in excess of such 10% level, (f) in the event that more than 2% of the ATMs have greater than $100,000 in Cash, an amount of Cash equal to the product of (i) the average amount of Cash in all such ATMs and (ii) the number of such ATMs in excess of such 2% level, and (g) in the event that more than 5% of the ATMs have greater than $60,000 in Cash and are located in a single State, an amount of Cash equal to the product of (i) the average amount of Cash in all such ATMs and (ii) the number of such ATMs in excess of such 5% level.

Excess Concentrations. “Jump Termination Event,” “Nonconforming Jump Receivables,” “Servicer Default,” or any definition included in Annex A (or any components of, or definitions used in, such definitions) contained in this Agreement; (ii) reduce the Principal Distribution Amount, Yield, Program Fee or Monthly Non-Use Fee that is payable on account of any Transferred Assets or delay any scheduled date for payment thereof; (iii) reduce fees, deposits or other amounts payable by the Transferor, ▇▇▇▇▇, the Servicer or the Guarantor to the Funding Agents or the Owners or into the Collection Account, or delay the dates on which they are payable; -147- ▇▇▇▇▇▇▇▇ T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398

Excess Concentrations shall have the meaning specified in Annex A hereto. “Excess Funds” shall have the meaning specified in Section 9.11(a). “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. “Existing Agreement” shall have the meaning specified in the Recitals. “Excluded Taxes” shall have the meaning specified in Section 8.2(a). “Expansion Receivables” shall mean “Expansion Receivables First Funding Date” shall mean the date on which the Owners first make any funding (including an Incremental Funding or the payment of a Cash Purchase Price for Additional Receivables pursuant to Section 2.8(a)(i)(B)) against Receivables which include any Expansion Receivables. For the avoidance of doubt, the Transferor (or the Servicer on its behalf) will notify the Administrative Agent (which shall notify each Funding Agent) of the date that constitutes the Expansion Receivables First Funding Date. “Extending Purchaser” shall have the meaning specified in Section 2.17. “FATCA” shall mean Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code (or any amended or successor version as described above), any intergovernmental agreement entered into in connection with such sections of the Code and any legislation, law, regulation or practice enacted or promulgated pursuant to such intergovernmental agreement. “Federal Bankruptcy Code” shall mean the Bankruptcy Code of the United States of America. “Federal Funds Effective Rate” shall mean, on any day with respect to any Ownership Group, the rate equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by the -22- ▇▇▇▇▇▇▇▇ T-Mobile (EIP) Third A&R RPAA NJ 231109207v1 736153181 19632398

Excess Concentrations means the aggregate of each Excess Concentration with respect to each Portfolio Asset.