Dealer Overconcentrations

Dealer Overconcentrations. On any Payment Date means, with respect to any Main Dealer, the excess, if any, of: (a) the aggregate of all amounts of Principal Receivables due from the Main Dealer on the last day of the Collection Period immediately preceding such Payment Date; over (b) (i) 7.50% of the Pool Balance on the last day of the immediately preceding Collection Period, with respect to the Main Dealer that has an Account with the highest outstanding principal balance, (ii) 3.25% of the Pool... Balance on the last day of the immediately preceding Collection Period, with respect to the Main Dealer that has an Account with the second highest outstanding principal balance, (iii) 2.00% of the Pool Balance on the last day of the immediately preceding Collection Period, with respect to the Main Dealer that has an Account with the third highest outstanding principal balance, (iv) 1.50% of the Pool Balance on the last day of the immediately preceding Collection Period, with respect to the Main Dealers with the fourth and fifth highest outstanding principal balance or (v) 1.00% of the Pool Balance on the last day of the immediately preceding Collection Period, with respect to any other single Main Dealer.". View More