Special Obligor definition

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

Special Obligor. As defined in the definition of Obligor Concentration Limit.

Special Obligor means Wal-Mart Stores, Inc., CVS/Caremark Corporation, Target Corporation, Walgreen Co., Safeway, Inc. and such other Special Obligors as may be designated by the Managing Agents from time to time.

Examples of Special Obligor in a sentence

• The Administrative Agent on behalf of the Requisite Lenders hereby notifies the Lenders of the approval of [name of party] as a Special Obligor (the “Special Obligor”) with an “Individual Obligor Percentage” equal to ___%.

• Any Obligor, together with its Affiliates that may from time to time be identified as a “Special Obligor” in a written notice from the Agent to the Loan Parties; provided, however, that the designation of any Obligor as a Special Obligor is within the sole discretion of the Agent.

• 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.

• For any Obligor that is not a Special Obligor 4.0% of the Aggregate Unpaid Balance and for any Obligor that is designated by the Administrator as a Special Obligor 5.0% of the Aggregate Unpaid Balance.

• The parties hereto agree and acknowledge that that as of the date hereof no Obligor is designated as a Special Obligor.

More Definitions of Special Obligor

Special Obligor has the meaning set forth in the Fee Letter.

Special Obligor means the Navajo Project, for so long as, with respect to such Navajo Project, (a) the agreement among the project participants requires that upon the default of any participant, the non-defaulting participants are required to cure any such default, and (b) Peabody represents and warrants that, to its knowledge, the statement set forth in subsection (a) above is true, complete and correct. The Navajo Project shall be deemed to be a “Special Group A Obligor” hereunder for so long as such Navajo Project has at least one project participant with the rating of a Group A Obligor; the Navajo Project shall be deemed to be a “Special Group B Obligor” hereunder for so long as such Navajo Project has at least one project participant with the rating of a Group B Obligor (but no project participants with the rating of a Group A Obligor); the Navajo Project shall be deemed to be a “Special Group C Obligor” hereunder for so long as such Navajo Project has at least one project participant with the rating of a Group C Obligor (but no project participants with the rating of a Group A Obligor or a Group B Obligor); and the Navajo Project shall be deemed to be a “Special Group D Obligor” hereunder for so long as such Navajo Project has no project participants with the rating of a Group A Obligor, a Group B Obligor or a Group C Obligor.

Special Obligor means any Obligor designated as a “Special Obligor” after the Closing Date by the Agent and the SPV pursuant to a written notice substantially in the form of Exhibit G hereto; provided that the Agent and the Majority Investors may revoke the designation of any Obligor as a Special Obligor at any time upon two (2) Business Days’ prior written notice to the SPV.

Special Obligor means any Obligors, together with their Affiliates, identified as a Special Obligor on the most recent Servicer Report by the Servicer.

Special Obligor means one or more Class A Obligors, Class B Obligors, Class C Obligors or Class D Obligors whose “Individual Obligor Percentage” of Eligible Receivables (as specified in the definition of “Concentration Percentage”) is adjusted as permitted under the Funding Agreement to a percentage greater than such “Individual Obligor Percentage” of Eligible Receivables, which adjustment has been approved in writing as a Special Obligor by notice substantially in the form of Annex Z to the Funding Agreement, following a request by the Parent to the Administrative Agent. Any Lender may revoke Special Obligor status at any time. The Special Obligors as of the Closing Date, and the “Individual Obligor Percentages” applicable to each, shall be as set forth in the Fee Letter until such status is revoked by any Lender.

Special Obligor means an Obligor or Financing Party which upon the request of the Transferor is approved in writing by the Agent and each Class Agent as a Special Obligor and with respect to which none of the Agent or any Class Agent shall have revoked such designation, such revocation to be effective upon 3 Business Days written notice from the Agent or a Class Agent, as applicable, to the Collection Agent, the Transferor, the Agent (if such notice is not given by the Agent) and each Class Agent and which revocation shall be given in good faith and based upon reasonable criteria.

Special Obligor means each Obligor listed on Schedule I hereto.