Vendor Programs. Not more than 1.5% of the Initial Contract Pool Principal Balance is attributable to Contracts originated by any one single Vendor. Exhibit I [Reserved] Exhibit J Minimum Value Filing Exceptions No financing statements are filed against an Obligor located in a particular State describing Equipment which is the subject of a particular Contract of any Financing Originator, unless the fair market value of the Equipment (determined in accordance with its Customary Policies and Procedures) related to such particular Contract is at least $25,000.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (NCT Funding Co LLC), Pooling and Servicing Agreement (CIT Equipment Collateral 2004-Ef1)