Lessee Concentration Limit definition

Lessee Concentration Limit means, with respect to all Single Lessees, all Special Consideration Country Lessees or the Three Largest Lessees, as of any date of determination, the percentage, if any, set forth opposite the correlative designation “Single Lessee”, “Special Consideration Country Lessee” or “Three Largest Lessees” listed on Table 2 to Appendix I hereto under the heading corresponding to the range of Outstanding Principal Amount as of such date of determination; provided that at any time the Outstanding Principal Amount is equal to $100,000,000 or less, as of such date of determination, the aggregate amount of Advances in respect of all Aircraft leased by all Single Lessees or all Special Consideration Country Lessees may not exceed the amount set forth opposite the correlative designation “Single Lessee” or “Special Consideration Country Lessee,” under the heading corresponding to the range of Outstanding Principal Amount as of such date of determination.
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Lessee Concentration Limit means, at any time, in relation to the Adjusted Appraised Value of all Eligible Units subject to an Eligible Lease Agreement with any single Lessee (or, in the case of any Eligible Lease Agreement that permits sub-leasing, any single sub-lessee) and its Affiliates (if any), the applicable concentration limit determined according to the following table for Lessees who have long term unsecured debt ratings currently assigned to them by S&P and Moody’s: S&P Long-term Rating Moody’s Long-term Rating Allowable % of Aggregate Adjusted Equipment Value BBB- or higher Baa3 or higher 20% BB+, BB or BB- Ba1, Ba2 or Ba3 15% B+ or lower B1 or lower 9.5%
Sample 1
Lessee Concentration Limit means, at any time, in relation to the Adjusted Appraised Value of all Eligible Units subject to an Eligible Lease Agreement with any single Lessee (or, in the case of any Eligible Lease Agreement that permits sub-leasing, any single sub-lessee) and its Affiliates (if any), the applicable concentration limit determined according to the following table for Lessees who have long term unsecured debt ratings currently assigned to them by S&P and Moody’s: S&P LONG-TERM RATING MOODY’S LONG-TERM RATING ALLOWABLE % OF AGGREGATE ADJUSTED EQUIPMENT VALUE BBB- or higher Baa3 or higher 20% BB+ or lower Ba1 or lower 15% provided, however, that (a) if any Lessee (or sub-lessee) has a split rating, the applicable rating will be the lower of the two, (b) if any Lessee (or sub-lessee) is not rated by both S&P and Moody’s, the applicable Lessee Concentration Limit shall be the one corresponding to the rating by S&P or Moody’s, as applicable and (c) if any Lessee (or sub-lessee) is not rated by either S&P or Moody’s, the applicable Lessee Concentration Limit shall be the one set forth in the last line of the table above.
Sample 1

More Definitions of Lessee Concentration Limit

Lessee Concentration Limit means, at any time, in relation to the Adjusted Appraised Value of all Eligible Units subject to an Eligible Lease Agreement with any single Lessee (or, in the case of any Eligible Lease Agreement that permits sub-leasing, any single sub-lessee) and its Affiliates (if any), the applicable concentration limit determined according to the following table for Lessees who have long term unsecured debt ratings currently assigned to them by S&P and Moody’s: S&P Long-term Rating Moody’s Long-term Rating Allowable % of Aggregate Adjusted Equipment Value BBB- or higher Baa3 or higher 20% BB+, BB or BB- Ba1, Ba2 or Ba3 15% B+ or lower B1 or lower 9.5% provided, however, that if any Lessee merges, acquires, is acquired by, or is otherwise consolidated with a non-Affiliated Lessee, such newly consolidated Lessee shall be deemed to be separate Lessees, each with the rating assigned to such newly consolidated Lessee, for the purposes of determining the Lessee Concentration Excess; further provided, that no Lease Agreements with ‑23‑ Preferred Sands of Genoa, LLC or any of its Affiliates (other than Eligible Lease Agreements with such Lessee owned by the Borrower as of the Closing Date) shall be Eligible Lease Agreements. If any Lessee (or sub-lessee) has a split rating, the applicable rating will be the lower of the two, (b) if any Lessee (or sub-lessee) is not rated by both S&P and Moody’s, the applicable Lessee Concentration Limit shall be the one corresponding to the rating by S&P or Moody’s, as applicable and (c) if any Lessee (or sub-lessee) is not rated by either S&P or Moody’s, the applicable Lessee Concentration Limit for such Lessee shall be 9.5%.
Sample 1

Related to Lessee Concentration Limit

  • 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.

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

  • Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.

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

  • Baseline concentration means that ambient concentration level that exists in the baseline area at the time of the applicable minor source baseline date. A baseline concentration is deter- mined for each pollutant for which a minor source baseline date is estab- lished and shall include:

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Alcohol concentration means the number of grams of alcohol per:

  • median concentration means that half of the homes in a county are expected to be below this value and half to be above it. All houses contain some radon, and a few houses will contain much more than the median concentration. The only way to accurately assess long-term exposure to radon in a specific house is through long-term testing (sampling the indoor air for a year or more). The EPA recommends that all homes be tested for radon. Columbia University's "Radon Project" website offers help to homeowners in assessing the cost vs. benefit of testing a specific house for radon or modifying it for radon reduction (see http://www.stat.columbia.edu/~radon/).

  • emission limit value means the mass, expressed in terms of certain specific parameters, concentration and/or level of an emission, which may not be exceeded during one or more periods of time;

  • 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 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).

  • 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.

  • Net concentration means the difference between the concentration of a given substance in a sample taken of the discharge and the concentration of the same substances in a sample taken at the intake which supplies water to the given process. For the purpose of this definition, samples that are taken to determine the net concentration shall always be 24-hour composite samples made up of at least six increments taken at regular intervals throughout the plant day.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.

  • Residual disinfectant concentration means the concentration of disinfectant measured in mg/L in a representative sample of water.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Background concentration means such concentration of that substance as is present in:

  • In-stream Waste Concentration or "(IWC)" means the concentration of a discharge in the receiving water after mixing has occurred in the allocated zone of influence.

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

  • 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):

  • Total Available Funds shall have the meaning set forth in Section 5.7(a).