Limited Collateral Trigger Event definition
Limited Collateral Trigger Event has the meaning specified in the definition of Collateral Trigger Date.
Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.
Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.
Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).
Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.
Trigger Event shall have the meaning specified in Section 14.04(c).