Standard Concentration Limit definition

Standard Concentration Limit means, at any time, with respect to any Obligor other than a Special Obligor, the product of (i) 4.35% and (ii) the Net Receivables Balance at such time.

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Standard Concentration Limit has the meaning set forth in the definition of “Concentration Limit”.

Standard Concentration Limit means, at any time, with respect to any Obligor other than a Special Obligor, 3% of the aggregate Outstanding Balance of Eligible Receivables at such time.

Examples of Standard Concentration Limit in a sentence

The Ownership Interest in respect of any Bank Purchaser will change from time to time, except as provided in paragraphs (b) or (c) of this Section, whenever the Investment of such Bank Purchaser, the related Reserve, the Eligible Receivables, or the Standard Concentration Limit or Special Concentration Limit with respect to any Obligor changes.
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.
SECTION 2.1.3 SECTION 1 of the definition of "Standard Concentration Limit" is hereby amended by changing the amount "$600,000" therein to "4% of the outstanding Loan amount".
The Administrative Agent is granted certain authority hereunder to reduce the Special Concentration Limit or Standard Concentration Limit for any Obligor (each such reduction being a "Redesignation").
ER = the outstanding balance of all Eligible Receivables on such date, minus an amount equal to the sum of (i) the aggregate amount by which the outstanding balance of Eligible Receivables of each Obligor exceeds the Standard Concentration Limit or the Special Concentration Limit for such Obligor and (ii) the aggregate amount by which the outstanding balance of Eligible Receivables of all Government Obligors exceeds the Government Concentration Limit, less the amount specified in clause (i) hereof.

More Definitions of Standard Concentration Limit

Standard Concentration Limit means, at any time, in relation to the aggregate Outstanding Balance of Receivables owed by any single Obligor and its Affiliates (if any), the applicable concentration limit for Obligors who have short term unsecured debt ratings currently assigned to them by S&P and ▇▇▇▇▇’▇ (or in the absence thereof, the equivalent long term unsecured senior debt ratings shall be determined according to the following table: provided, however, that (a) if any Obligor has a split rating, the applicable rating will be the lower of the two, (b) if any Obligor is not rated by either S&P or ▇▇▇▇▇’▇, the applicable Concentration Limit shall be the one set forth in the last line of the table above, and (c) upon Borrower’s request from time to time, the Lender may agree to a higher percentage of Eligible Receivables for a particular Obligor and its Affiliates or a particular type of Receivables than the Standard Concentration Limit (each such higher percentage, a “Special Concentration Limit”), it being understood that any Special Concentration Limit will be subject to reduction (but not below the applicable Standard Concentration Limit) by the Lender in its reasonable credit judgment, upon not less than five (5) days’ prior written notice to the Borrower.

Standard Concentration Limit means, as of any date of determination, with respect to all of the Receivables owing from a single Obligor (except for an Obligor listed on Exhibit I), together with Receivables owing from its Affiliates or subsidiaries, an amount equal to five percent (5.00%) of the aggregate of the Account Balances of the Eligible Receivables in the Receivables Pool outstanding as of the last day of the most recently completed Accounting Period.

Standard Concentration Limit means, at any time of determination with respect to any Obligor (other than an Obligor listed on SCHEDULE 1.01(s) attached hereto) together with its Affiliates and Subsidiaries), an amount equal to (i) for the five Obligors with the largest Outstanding Balances at such time, [**]% of the Investment at such time, (ii) for the next six Obligors with the largest Outstanding Balances at such time, [**]% of the Investment at such time and (iii) for all other Obligors, [**]% of the Investment at such time.

Standard Concentration Limit means, at any time with respect to all of the Receivables owing from a single Obligor (except for an Obligor listed on Schedule A), together with Receivables owing from its Affiliates or subsidiaries, an amount equal to 2% of the Investment at such time; provided that the Administrative Agent may, at any time in its discretion, reduce or increase the Standard Concentration Limit for any Obligor through the delivery of a notice by the Administrative Agent to the Seller.

Standard Concentration Limit means, at any time of determination with ---------------------------- respect to all of the Receivables owing from a single Obligor (except for an Obligor listed on Exhibit A), together with Receivables owing from its affiliates or subsidiaries, an amount equal to 1.0% of the Investment at such time; provided, that the Purchaser may, at any time in its discretion, reduce or --------- increase the Standard Concentration Limit for any Obligor through the delivery of a notice by the Purchaser to the Seller.

Standard Concentration Limit set forth in this Exhibit I.

Standard Concentration Limit means, (i) with respect to all of the ---------------------------- Receivables of any Division (other than ▇▇▇▇▇) owing from a single Obligor (except for an Obligor listed on Exhibit A) together with Receivables owing from its Affiliates or subsidiaries, an amount equal to $3,000,000 or (ii) with respect to all of the Receivables of ▇▇▇▇▇ owing from a single Obligor (except for an Obligor listed on Exhibit A) together with Receivables owing from its Affiliates or subsidiaries, an amount equal to $500,000; provided, that the -------- Purchaser may, at any time in its discretion, reduce or increase the Standard Concentration Limit for any Obligor through the delivery of a notice to the Seller.