Industry Overconcentrations definition

Industry Overconcentrations means on any Distribution Date the excess of (x) the aggregate amount of Eligible Receivables created in connection with the financing of products manufactured by manufacturing entities that are part of the same industry (i.e., producing the same principal product, provided that products manufactured by Bombardier Inc. and its Affiliates shall not be included in the calculation of Industry Overconcentration), which Eligible Receivables are in the Pool on the last day of the Collection Period immediately preceding such Distribution Date over (y) an amount equal to 35% of the Pool Balance on the last day of such immediately preceding Collection Period; provided, however, that with respect to each industry specified below, the percentage in clause (y) of this definition shall be deemed to equal the percentage set forth opposite such industry: Industry Percentage -------------- ----------- Marine Products 45% Manufactured Housing 45% Recreational Vehicles 20% Lawn and Garden 10% Consumer Electronics and Appliances 10% provided further, that some or all of the percentages specified in this definition of Industry Overconcentrations may be adjusted from time to time without the consent of the Certificateholders and no such adjustment shall be deemed an amendment of the terms hereof, but shall be an adjustment in accordance with the terms hereof if prior to each adjustment the Rating Agency Condition has been satisfied.
Sample 1Sample 2

Examples of Industry Overconcentrations in a sentence

  • Overconcentration Amounts: N/A Designated Manufacturer Concentration: N/A Industry Overconcentrations: N/A Obligor Overconcentrations: N/A Manufacturer Overconcentrations: N/A Total Overconcentration Amounts: N/A Manufacturer Housing Percentage: N/A Manufacturer Housing Payment Rate: N/A 32.

  • Overconcentration Amounts: Designated Manufacturer Overconcentration: N/A Industry Overconcentrations: N/A Obligor Overconcentrations: N/A Manufacturer Overconcentrations: N/A Total Overconcentration Amounts N/A 34.

Related to Industry Overconcentrations

  • 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):

  • 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%.

  • 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):

  • 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 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.

  • Available Collections means, for any Distribution Date, (i) all Obligor payments received with respect to the Receivables during the preceding Collection Period, (ii) all Liquidation Proceeds received with respect to the Receivables during the preceding Collection Period, (iii) all interest earned on funds on deposit in the Collection Account during the preceding Collection Period, (iv) the aggregate Purchase Amount deposited in the Collection Account on the Business Day preceding such Distribution Date, (v) all prepayments received with respect to the Receivables during the preceding Collection Period attributable to any refunded item included in the Amount Financed (including amounts received as a result of rebates of extended service plan contract costs and insurance premiums and proceeds received under physical damage, theft, GAP, credit life and credit disability insurance policies), and (vi) all Simple Interest Advances deposited into the Collection Account by the Servicer on the Business Day preceding such Distribution Date; provided, however, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Purchased Receivable the Purchase Amount for which was included in Available Collections for a previous Distribution Date; provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Receivable to the extent that the Servicer has made an unreimbursed Simple Interest Advance with respect to such Receivable and is entitled to reimbursement from such payments or other amounts pursuant to Section 4.4 of the Sale and Servicing Agreement; and, provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to the Receivables that are retained by the Servicer as reimbursement for Unreimbursed Servicer Advances pursuant to Section 4.4 of the Sale and Servicing Agreement; provided, further, however, that Available Collections for any Distribution Date will exclude any Supplemental Servicing Fees.

  • 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.

  • Gross vehicle weight means the weight of a vehicle without load plus the weight of any load on the

  • 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).

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • 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:

  • 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.

  • Available Revenues means all monies on deposit from time to time (including investment earnings thereon) in (a) the PILOTS Account, and (b) subject to annual appropriation, the EATS Account that have been appropriated to the repayment of the TIF Notes, excluding (i) any amount paid under protest until the protest is withdrawn or resolved against the taxpayer or (ii) any sum received by the City which is the subject of a suit or other claim communicated to the City which suit or claim challenges the collection of such sum.

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

  • Excess Cashflow With respect to any Distribution Date, an amount, if any, equal to the sum of (a) the Remaining Excess Spread for such Distribution Date and (b) the Overcollateralization Release Amount for such Distribution Date.