Group II Subordinated Trigger Event definition

Group II Subordinated Trigger Event. With respect to Group II, any Distribution Date after the Group II Stepdown Date on which:
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Group II Subordinated Trigger Event. A Group II Subordinated Trigger Event has occurred with respect to a Payment Date if both of the following tests are failed on such Payment Date: A Group II Cumulative Loss Test is failed with respect to a Payment Date if the Cumulative Loss Percentage with respect to Group II equals or exceeds the percentage set out for the corresponding Payment Date below: Payment Dates Cumulative Loss Percentage ------------- -------------------------- October 1997 - September 1999 1.75% October 1999 - September 2000 2.10% October 2000 - September 2001 3.50% October 2001 - September 2002 4.40% October 2002 - September 2003 4.80% October 2003 - September 2004 5.20% October 2004 - September 2005 5.60% A Group II Delinquency Test is failed with respect to a Payment Date if the amount of 60+ Day Delinquent Loans, with respect to Group II as a percentage of the aggregate outstanding Loan Balance of Group II equals or exceeds the percentage set out for the corresponding Payment Date below: Payment Dates 60+ Day Delinquency Percentage ------------- ------------------------------ October 1999 - September 2001 4.00% October 2001 - September 2003 5.50% October 2003 - September 2005 8.00%
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Group II Subordinated Trigger Event. A Group II Subordinated Trigger Event has occurred with respect to a Payment Date if both of the following tests are failed on such Payment Date: A Group II Cumulative Loss Test is failed with respect to a Payment Date if the Cumulative Loss Percentage with respect to Group II equals or exceeds the percentage set out for the corresponding Payment Date below: Payment Dates Cumulative Loss Percentage ------------- --------------------------
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More Definitions of Group II Subordinated Trigger Event

Group II Subordinated Trigger Event. With respect to to Group I, any Distribution Date after the Group I Group II, any Distribution Date after the Group II Stepdown Date on which: Stepdown Date on which:
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Group II Subordinated Trigger Event. A Group II Subordinated Trigger Event has occurred with respect to a Payment Date if both of the following tests are failed on such Payment Date: A Group II Cumulative Loss Test is failed with respect to a Payment Date if the Cumulative Loss Percentage with respect to Group II equals or exceeds the percentage set out for the corresponding Payment Date below: Payment Dates Cumulative Loss Percentage ------------- -------------------------- July 2000 - June 2001 2.10% July 2001 - June 2002 3.50% July 2002 - June 2003 4.40% July 2003 - June 2004 4.80% July 2004 - June 2005 5.20% July 2005 - June 2006 5.60% A Group II Delinquency Test is failed with respect to a Payment Date if the amount of 60+ Day Delinquent Loans, with respect to Group II as a percentage of the aggregate outstanding Loan Balance of Group II equals or exceeds the percentage set out for the corresponding Payment Date below:
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Related to Group II Subordinated Trigger Event

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Derivative Provider Trigger Event means (i) an Event of Default with respect to which Party A is a Defaulting Party, (ii) a Termination Event with respect to which Party A is the sole Affected Party or (iii) an Additional Termination Event with respect to which Party A is the sole Affected Party.