ANR-Challenged Dealer

ANR-Challenged Dealer. Shall mean, with respect to a Program Year, the average outstanding principal balance of all Wholesale Instruments due Red Iron from all Challenged Dealers, determined by aggregating the Monthly ADB-Challenged Dealer (which shall mean, with respect to any month, the aggregate outstanding principal balance of all Wholesale Instruments due Red Iron from all Challenged Dealers each day during such calendar month divided by the number of days in such calendar month) for each month in such Program... Year and dividing such aggregated amount by 12 View More