Dealer Concentration Limit

Dealer Concentration Limit. Is a dollar amount calculated as a percentage of the Pool Balance as of the end of each Collection Period (the "Concentration Limit Percentage"). If the Dealer is among the eight Dealers owing the largest amount of Principal Receivables as of the end of a Collection Period (the "Top 8 Dealers"), the Concentration Limit Percentage is currently two and one-half percent (2.5%). If the Dealer... is not among the Top 8 Dealers, the Concentration Limit Percentage is currently two percent (2%). The Concentration Limit Percentage for the Top 8 Dealers, as well as the Concentration Limit Percentage for the other Dealers, may be increased or decreased from time to time by the Transferor upon notice to the Trustee and the Servicer without the consent of any Investor Certificateholder if the Rating Agency Condition has been satisfied in connection with that increase or decrease. For purposes of the definitions of Dealer Overconcentration, Overconcentrated Dealer and Top 8 Dealers, a Dealer and all of its Affiliates that are Dealers shall be considered to be a single Dealer. For so long as a Dealer Overconcentration exists, allocations of Principal Collections, Non-Principal Collections, Defaulted Amounts and Miscellaneous Payments related to an Overconcentrated Dealer shall be allocated in accordance with Section 4.5. View More