Potential Trigger Event definition

Potential Trigger Event means any action, inaction, omission, event or circumstance that with the giving of notice or lapse of time or if not cured or waived could give rise to a Trigger Event.
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Potential Trigger Event means the occurrence of any facts, events and/or circumstances which will become a Trigger Event if those facts, events and/or circumstances are not remedied:
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Potential Trigger Event means any event or condition that, with the giving of notice or the passage of time, or both, would be a Trigger
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Examples of Potential Trigger Event in a sentence

  • The Warranty Provider shall only object to such Curative Steps if in the Warranty Provider's reasonable discretion, they are not consistent with this Agreement or are not likely to be an effective cure of the Potential Trigger Event within the cure period set forth in Section 4.1(a), if any.

  • The Warranty Provider shall only object to such Curative Steps if, in the Warranty Provider’s reasonable discretion, they are not consistent with this Agreement or are not likely to be an effective cure of the Potential Trigger Event within the cure period set forth in Section 4.1(a), if any.

  • Notwithstanding anything contained in this Section 4.1(d) to the contrary, solely for purposes of this Section 4.1(d), the Adviser shall not be deemed to have committed Adviser Conduct and consequently shall not be liable for any payment under this Section 4.1(d) if (a) a Potential Trigger Event occurs and (b) such Potential Trigger Event is cured or waived within the cure period specified in Section 4.1(a) for the cure of such Potential Trigger Event.

  • Notwithstanding the foregoing, unless a Trigger Event or Potential Trigger Event has occurred, for so long as the Originator is the Collection Agent, the Collection Agent shall not be required to set aside Collections, but may commingle the Collections with its own funds and make the deposits required to the Administrative Agent's Account pursuant to this paragraph (b) on the dates required.

  • Thereafter (but prior to the Termination Date or the occurrence and continuation of a Trigger Event or Potential Trigger Event, with respect to such portion, and with respect to any other portion of the Loans made by the APA Banks, the Tranche Period applicable thereto shall be, at the Borrower's option, either a Base Rate Tranche or a Eurodollar Tranche.

  • Notwithstanding the foregoing, unless a Trigger Event or Potential Trigger Event has occurred, for so long as the Originator is the Servicer, the Servicer shall not be required to set aside Collections, but may commingle the Collections with its own funds and make the deposits required to the Funding Agent's Account pursuant to this paragraph (b) on the dates required.

  • Grantor will give prompt notice in writing to Agent of the occurrence of any Trigger Event or Potential Trigger Event and of any other development, financial or otherwise, which might materially and adversely affect the Collateral.

  • If a Trigger Event or Potential Trigger Event has occurred, so long as the Originator shall hold any Collections or deemed Collections required to be paid to the Servicer or the Funding Agent, it shall hold such Collections in trust and separate and apart from its own funds and shall clearly ▇▇▇▇ its records to reflect such trust.

  • If, following the occurrence of a Trigger Event or a Potential Trigger Event, the Collection Agent shall be required to segregate Collections from its own funds, it shall deposit any Servicer Advances into a segregated account within two (2) Business Days of the date on which the related Periodic Payment (or portion thereof) first became delinquent.

  • So long as no Trigger Event or Potential Trigger Event exists and on the terms and subject to the conditions of this Agreement, the Purchaser agrees to purchase from the Company, and the Company agrees to sell and issue to the Purchaser up to 6,000,000 Series A Preferred Units at the Purchase Price, pursuant to Closings and Purchase Requests in accordance with the ▇▇▇▇▇ Chart, the Project Budget and Exhibit A hereto.


More Definitions of Potential Trigger Event

Potential Trigger Event means any event which, with the lapse of time and/or the giving of any notice and/or the making of any determination (in each case where the lapse of time and/or giving of notice and/or determination is provided for in the terms of such Trigger Event, and assuming no intervening remedy or waiver), would become a Trigger Event;
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Potential Trigger Event means any event or condition that, with notice or the passage of time or both, could reasonably be expected to constitute a Trigger Event.
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Potential Trigger Event means any action, inaction, omission, ------------------------ event or circumstance that with the giving of notice or lapse of time or if not cured or waived could give rise to a Trigger Event.
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Potential Trigger Event means a “Potential Trigger Event” as defined in and for the purposes of the Class A Preference Share Terms, the Class B Preference Share Terms, the Class C Preference Share Terms and the Class D Preference Share Terms;
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Related to Potential Trigger Event

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.

  • 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.

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.