Tier 2 Collateral Performance Trigger definition

Tier 2 Collateral Performance Trigger means the breach of any of the collateral performance tests set forth on Appendix E-2 as of any Reporting Date.
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Tier 2 Collateral Performance Trigger means the Loan Receivable Quality Ratio is equal to or greater than 16.25% as of the last day of any calendar month.
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Tier 2 Collateral Performance Trigger means the breach of any of the collateral performance tests set forth on Appendix E-2 as of any Reporting
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Examples of Tier 2 Collateral Performance Trigger in a sentence

  • Any such increase to the Maximum Committed Amount will be made at the sole and absolute discretion of the Lenders and the Administrative Agent subject to, among other things, payment by the Borrower of the Increase Payment and no Event of Default, no Borrowing Base Deficiency and no Tier 1 Collateral Performance Trigger or Tier 2 Collateral Performance Trigger existing under the Facility.

  • On each Credit Date, each Release Date and, during the continuance of a Default or Event of Default or following a Tier 2 Collateral Performance Trigger, at such other times as the Administrative Agent shall request, the Borrower shall deliver a Borrowing Base Certificate to the Administrative Agent, in form and substance satisfactory to the Administrative Agent.

  • On each Credit Date, each Release Date, each Reporting Date and, during the continuance of a Default or Event of Default or following a Tier 2 Collateral Performance Trigger, at such other times as the Administrative Agent shall request, theeach Borrower shall deliver a Borrowing Base Certificate to the Administrative Agent, in form and substance satisfactory to the Administrative Agent.

  • Section 4.1. Organization; Requisite Power and Authority; Qualification; Other Names 6572 Section 4.2. Due Authorization 6672 Section 4.3. No Conflict 6672 Section 4.4. Governmental Consents 6672 Section 4.5. Binding Obligation 6673 Section 4.6. Receivables 6673 Section 4.7. No Adverse Selection 6673 Section 4.8. No Material Adverse Effect; No Tier 2 Collateral Performance Trigger 6773 Section 4.9. No Change of Control 6773 Section 4.10.

  • Any such increase to the Maximum Committed Amount will be made at the sole and absolute discretion of the Lenders and the Administrative Agent subject to, among other things, payment by the Borrower of the Increase Payment and no Event of Default, no Borrowing Base Deficiency, no Regulatory Trigger Event and no Tier 1 Collateral Performance Trigger or Tier 2 Collateral Performance Trigger existing under the Facility.

  • Any such increase to the Maximum Committed Amount shall be made at the sole and absolute discretion of the Administrative Agent (which consent may, for the avoidance of doubt, be conditioned upon the effectiveness of an amendment or modification to one or more of the Loan Documents), subject to, among other things, no Event of Default, no Borrowing Base Deficiency and no Tier 1 Collateral Performance Trigger or Tier 2 Collateral Performance Trigger existing under the Facility.

  • The occurrence of a Tier 2 Collateral Performance Trigger due to the three-month rolling average Monthly Annualized Net Loss Rate (Loans) exceeding [***]% as of the March 11, 2024 Reporting Date, and any resulting breach, Event of Default or other consequence thereof, is hereby waived and deemed not to have occurred.

  • The occurrence of any Tier 2 Collateral Performance Trigger; provided, that if such Tier 2 Collateral Performance Trigger occurs solely as a result of a breach of item 2, 5, 6 or 9 of Appendix E-2, such breach shall only result in an Event of Default if Credit Card Receivables pledged hereunder exceed the Credit Card Receivables Threshold.

  • The occurrence of any Tier 2 Collateral Performance Trigger; orprovided, that if such Tier 2 Collateral Performance Trigger occurs solely as a result of a breach of item 2, 5, 6 or 9 of Appendix E-2, such breach shall only result in an Event of Default if Credit Card Receivables pledged hereunder exceed the Credit Card Receivables Threshold.

  • Section 4.1. Organization; Requisite Power and Authority; Qualification; Other Names 7377 Section 4.2. Due Authorization 7377 Section 4.3. No Conflict 7377 Section 4.4. Governmental Consents 7478 Section 4.5. Binding Obligation 7478 Section 4.6. Receivables 7478 Section 4.7. No Adverse Selection 7478 Section 4.8. No Material Adverse Effect; No Tier 2 Collateral Performance Trigger 7579 Section 4.9. No Change of Control 7579 Section 4.10.

Related to Tier 2 Collateral Performance Trigger

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Additional Performance Security shall have the meaning set forth in Clause 7.1;

  • Collateral Quality Test means a test that is satisfied if, as of any date of determination, in the aggregate, the Collateral Loans owned (or, in relation to a proposed purchase of a Collateral Loan, both owned and proposed to be owned) by the Borrower satisfy each of the tests set forth below, calculated, in each case, in accordance with Section 1.04: