Minimum Free Equity Percentage means, for purposes of Series 2012-1, 4%; provided that, at any time that GE Capital’s long-term unsecured debt is rated below Aa3 by Moody’s, the Minimum Free Equity Percentage shall be 7.0%.

Minimum Free Equity Percentage means, as of any Determination Date, zero percent (0%).

Minimum Free Equity Percentage means, for purposes of Series 2012-7, 5.5%.

Examples of Minimum Free Equity Percentage in a sentence

Without the prior written consent of each Lender Group Agent, the Borrower shall not terminate, amend, waive, supplement or otherwise modify the Indenture or the Indenture Supplement so as to (x) reduce the Class B Pro Rata Percentage, the Required Excess Collateral Amount or the Minimum Free Equity Percentage, (y) delay the Controlled Amortization Date or (z) change the definition of “Eligible Receivable” or “Eligible Account” as such terms are defined in the Transfer Agreement.
Without the prior written consent of each Managing Agent, the Borrower shall not terminate, amend, waive, supplement or otherwise modify the Indenture or the Indenture Supplement so as to (x) reduce the Class B Pro Rata Percentage, the Required Excess Collateral Amount or the Minimum Free Equity Percentage, (y) delay the Controlled Amortization Date or (z) change the definition of “Eligible Receivable” or “Eligible Account” as such terms are defined in the Transfer Agreement.

More Definitions of Minimum Free Equity Percentage

Minimum Free Equity Percentage means, as of any Determination Date, three percent (3%) (or a lower percentage designated by the Transferor if the Rating Agency Condition is satisfied with respect thereto).

Minimum Free Equity Percentage means, for purposes of Series 20[●]-[●], [●]%.

Minimum Free Equity Percentage with respect to a Series, has the meaning specified in the related Indenture Supplement.

Minimum Free Equity Percentage means, for purposes of Series 2016-3, 5.5%.

Minimum Free Equity Percentage means 5.0% or such other percentage as shall be designated from time to time by the Servicer; provided, however, that prior to designating any lesser percentage, the Rating Agency Condition shall have been satisfied with respect to such designation.

Minimum Free Equity Percentage means, for purposes of the Series issued pursuant to this Indenture Supplement, 4%; provided that, at any time that GE Capital’s long-term unsecured debt is rated below Aa3 by Xxxxx’x or below AA- by S&P, the Minimum Free Equity Percentage shall be 7.0%.

Minimum Free Equity Percentage means, for purposes of Series 2014-1, 5.5%.