Required Participation Percentage definition

Required Participation Percentage means, with respect to Series 20[●]-[●], [●]%; provided, however, that the Transferor may, in its sole discretion, increase this percentage; provided, however that if the Transferor voluntarily increases the Required Participation Percentage, then it may, in its sole discretion, upon ten days prior notice to the Indenture Trustee, subsequently decrease the Required Participation Percentage to [●]% or higher, so long as the Rating Agency Condition shall have been satisfied with respect to the Series 20[●]-[●] Notes and any other outstanding and rated series or class of Notes.

Required Participation Percentage means, with respect to any Series, the percentage specified therefor in the related Supplement.

Required Participation Percentage means, with respect to Series 1996-2, 104%; provided, however, that the seller may, upon 10 days' prior notice to the Trustee, each Rating Agency and any Enhancement Provider, reduce the Required Participation Percentage to a percentage which shall not be less than 100%, provided that each Rating Agency shall have notified the seller or the Servicer that any such reduction will not result in a reduction or withdrawal of the rating of any outstanding Series or Class with respect to which it is a Rating Agency.

Examples of Required Participation Percentage in a sentence

• YES Last Day of Revolving Period N/A Invested Amount as of Last Day of Revolving Period N/A Accumulation Period Length (months) N/A First Accumulation Date TO BE DETERMINED Expected Final Payment Date N/A Required Participation Percentage 104.00% Principal Funding Account Balance $0.00 Principal Payment Amount $0.00 Controlled Accumulation Amount $0.00 TOTAL AMOUNT DISTRIBUTED ON SERIES 2000-1 ----------------------------------------- Noteholders ----------- 1.

• YES Last Day of Revolving Period N/A Invested Amount as of Last Day of Revolving Period N/A Accumulation Period Length (months) N/A First Accumulation Date TO BE DETERMINED Expected Final Payment Date N/A Required Participation Percentage 104.00% Principal Funding Account Balance $ 0.00 Principal Payment Amount $ 0.00 Controlled Accumulation Amount $ 0.00 TOTAL AMOUNT DISTRIBUTED ON SERIES 2000-1 ----------------------------------------- Noteholders ----------- 1.

• So long as this Series 2002-CC shall be outstanding, on the last day of each Collection Period, the Servicer shall, for purposes of determining the Required Participation Percentage, determine (a) if the aggregate amount of Principal Receivables due from either AutoNation, Inc.

• NO Last Day of Revolving Period 03/31/00 Invested Amount as of Last Day of Revolving Period $375,000,000.00 Accumulation Period Length (months) 2 First Accumulation Date 04/01/00 Expected Final Payment Date 06/15/00 Required Participation Percentage 4.00% Principal Funding Account Balance $195,488,680.27 Principal Payment Amount $ 0.00 Controlled Deposit Amount $187,500,000.00 TOTAL AMOUNT DISTRIBUTED ON SERIES 1996-1 ----------------------------------------- Certificateholders ------------------ i.

• YES Last Day of Revolving Period N/A Invested Amount as of Last Day of Revolving Period N/A Accumulation Period Length (months) N/A First Accumulation Date TO BE DETERMINED Expected Final Payment Date N/A Required Participation Percentage 104.00% Prinicipal Funding Account Balance $0.00 Principal Payment Amount $0.00 Controlled Accumulation Amount $0.00 TOTAL AMOUNT DISTRIBUTED ON SERIES 2000-1 ----------------------------------------- Noteholders ----------- 1.

More Definitions of Required Participation Percentage

Required Participation Percentage means, with respect to Series 2000-B, 103%; provided, however, that if the aggregate amount of Principal Receivables due from any Dealer or group of affiliated Dealers at the close of business on the last day of any Collection Period with respect to which such determination is being made pursuant to Section 9.04 is greater than 1.5% of the Pool Balance on such last day, the Required Participation Percentage shall mean, as of such last day and with respect to such Collection Period and the immediately following Collection Period only, 104%; provided further that the Seller may, upon 10 days' prior notice to the Trustee and each Rating Agency, reduce the Required Participation Percentage to a percentage which shall not be less than 100%; provided that no Rating Agency shall have

Required Participation Percentage means, with respect to any Series, unless otherwise specified in the related Indenture Supplement, 103%; provided, however, that if either (a) the aggregate amount of Principal Receivables due from either AutoNation, Inc. and its affiliates or United Auto Group, Inc. and its affiliates at the close of business on the last day of any Collection Period with respect to which such determination is being made pursuant to Section 3.10 is greater than 4% of the Pool Balance on such last day or (b) the aggregate amount of Principal Receivables due from any other Dealer or group of affiliated Dealers at the close of business on the last day of any Collection Period with respect to which such determination is being made pursuant to Section 3.10 is greater than 1.5% of the Pool Balance on such last day, the Required Participation Percentage shall mean, as of such last day and with respect to such Collection Period and the immediately following Collection Period only, 104%; provided, further, that the Seller may, upon 10 days' prior notice to the Trustee and each Rating Agency and upon satisfaction of the Rating Agency Condition, reduce the Required Participation Percentage to a percentage which shall not be less than 100%.

Required Participation Percentage means, with respect to Series 2000-A, 103%; provided, however, that if the aggregate amount of Principal Receivables due from any Dealer or group of affiliated Dealers at the close of business on the last day of any Collection Period with respect to which such determination is being made pursuant to Section 9.04 is greater than 1.5% of the Pool Balance on such last day, the Required Participation Percentage shall mean, as of such last day and with respect to such Collection Period and the immediately following Collection Period only, 104%; provided further that the Seller may, upon 10 days' prior notice to the Trustee and each Rating Agency, reduce the Required Participation Percentage to a percentage which shall not be less than 100%; provided that no Rating Agency shall have notified the Seller or the Servicer that any such reduction will result in a reduction or withdrawal of the rating of any outstanding Series or Class with respect to which it is a Rating Agency.

Required Participation Percentage means, with respect to Series 2003-2, 105%; provided, however, that the Transferor may, upon 10 days' prior notice to the Trustee, each Rating Agency and any Enhancement Provider, reduce the Required Participation Percentage to a percentage which shall not be less than 100%; provided, however, that the Rating Agency Condition is satisfied.

Required Participation Percentage means, with respect to any Series, the percentage specified therefor in the related Supplement. However, the Dealer Overconcentration Series shall not have a Required Participation Percentage.

Required Participation Percentage means, with respect to Series 2000-1, 100%.

Required Participation Percentage means, for Series 2000-VFN, 100%.