Third Highest Concentration State definition

Third Highest Concentration State means, on any date of determination, the state or territory of the United States (excluding the Highest Concentration State and the Second Highest Concentration State) in which Receivables Obligors of Eligible Receivables were located as of the date of origination of such Receivables which has, in the aggregate as of such date of determination, the highest aggregate Outstanding Principal Balance as compared to all other such states and territories.
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Third Highest Concentration State means, on any date of determination, the state among California, Florida, Georgia, Illinois, New Jersey, New York, Pennsylvania and Texas, which has the third highest concentration of Obligors of Pooled Loans by aggregate Outstanding Principal Balance.
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Related to Third Highest Concentration State

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