Special Concentration Limit definition

Special Concentration Limit has the meaning set forth in the definition of Concentration Percentage.

Special Concentration Limit means, at any time, with respect to any Special Obligor (together with its Affiliates or subsidiaries), the product of (i) the applicable percentage set forth below corresponding to Moody’s and S&P short-term debt ratings for such Special Obligor at such time or such percentage as may be otherwise set forth below with respect to such Special Obligor and (ii) the Net Receivables Balance at such time: A-1+ and P-1 14.50 % A-1 and P-1 9.57 % A-2 or lower or unrated and P-2 or lower or unrated 7.25 % provided, that notwithstanding the foregoing grid:

Special Concentration Limit means, for any Obligor or Financing Party while such Obligor or Financing Party is a Special Obligor, the percentage applicable to such Special Obligor and designated as the “Special Concentration Limit” in the written approval of such Obligor or Financing Party as a Special Obligor by the Agent and the Class Agents.

Examples of Special Concentration Limit in a sentence

• Either the Seller or the Agent may cancel the designation of an Obligor as a Designated Obligor or any Special Concentration Limit for any Obligor, by notice in substantially the form of Exhibit D delivered by it to the other at least three Business Days prior to the date on which such cancellation shall become effective.

• In the event that any other Obligor is or becomes an Affiliate of a Special Obligor, the Special Concentration Limit shall apply to both such Obligor and such Special Obligor and shall be calculated as if such Obligor and such Special Obligor were a single Obligor.

• Seller, Servicer, the Purchasers, the Managing Agents and the Agent now desire to amend a certain provision of the Purchase Agreement upon the terms and subject to the conditions set forth herein to provide for a Special Concentration Limit for [***].

• The Ownership Interest will change from time to time, except as provided in paragraphs (b) and (c) of this Section, whenever the Investment, the Reserve, the Eligible Receivables (as so reduced in the definition of "ER" above), the Standard Concentration Limit or the Special Concentration Limit with respect to any Obligor, the Government Concentration Limit or the Dilution Percentage changes.

• As a division, Juvenile Justice has set a goal of bringing the probation personnel per vehicle ratio to 2.0 to 1.

More Definitions of Special Concentration Limit

Special Concentration Limit has the meaning set forth in Section 2.04(c).

Special Concentration Limit shall have the meaning set forth in the definition of “Standard Concentration Limit” set forth in this Exhibit I.

Special Concentration Limit has the meaning specified in the definition of “Concentration Limit”.

Special Concentration Limit means, at any time, with respect to any Special Obligor, a dollar amount equal to a percentage of the aggregate Outstanding Balance of Eligible Receivables or such other limit as the Agent, with the consent of Moody's and S&P, may designate for such Special Obligor; provided, that the Agent may, upon notice to Seller, cancel or reduce any Special Concentration Limit.

Special Concentration Limit for any Obligor at any time means the amount, --------------------------- if any, most recently designated by the Agent in a writing delivered to the Seller as the Special Concentration Limit for such Obligor, as set forth in Schedule [_] hereto.

Special Concentration Limit has the meaning set forth in SECTION 2.3(C).

Special Concentration Limit has the meaning set forth in the definition of "Net Pool Balance" in Section 2.07.