Trigger Event definition

Trigger Event shall have the meaning specified in Section 14.04(c).
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Trigger Event. A Trigger Event is in effect with respect to any Distribution Date on or after the Stepdown Date if:
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Trigger Event. Either a Cumulative Loss Trigger Event or a Delinquency Trigger Event.
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Examples of Trigger Event in a sentence

  • To exercise the Put Option, the Purchaser must deliver a written notice to the Seller within ninety (90) days of a Put Option Trigger Event, which notice shall reference this Section 6.7 and state the Purchaser’s intention to exercise the Put Option (the “Put Option Exercise Notice”) on the date that is five (5) business days following the date of the Put Option Exercise Notice or such date as may be mutually agreed to by the Seller and the Purchaser.

  • The Loan Parties hereby acknowledge and agree that (i) the Loan Parties have no right of withdrawal from the Collection Account, (ii) the funds on deposit in the Collection Account shall at all times be collateral security for all of the Obligations and (iii) the funds on deposit in the Collection Account shall be applied pursuant to Section 8.03 on a daily basis after the occurrence and during the continuation of a Dominion Trigger Event.


More Definitions of Trigger Event

Trigger Event. A Trigger Event shall have occurred with respect to any Distribution Date if either a Delinquency Event or a Cumulative Loss Trigger Event is in effect for such Distribution Date.
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Trigger Event has the meaning specified in Section 4.04(c).
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Trigger Event has the meaning specified in Section 12.4(d) hereof.
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Trigger Event means, on any distribution date while any of the class A notes are outstanding, that the outstanding principal balance of the notes, less any amounts (exclusive of investment earnings) on deposit in any accumulation account, after giving effect to distributions to be made on that distribution date, would exceed the Adjusted Pool Balance as of the end of the related collection period.
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Trigger Event shall have the meaning specified in Section 9.04(c).
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Trigger Event. With respect to any Distribution Date, a Trigger Event exists if (i) on such Distribution Date the quotient (expressed as a percentage) of (x) the rolling three month average of the aggregate unpaid principal balances of 60+ Day Delinquent Mortgage Loans and (y) the aggregate unpaid principal balance of the Mortgage Loans as of the last day of the related Due Period equals or exceeds 30.00% of the Senior Enhancement Percentage as of the last day of the prior Due Period or (ii) the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Principal Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Loss Percentage -------------------------------------------------------------------------------- March 2008 - February 2009 1.000% for the first month, plus an additional 1/12th of 0.250 % for each month thereafter (e.g., approximately 1.021% in April 2008) March 2009 - February 2010 1.250% for the first month, plus an additional 1/12th of 0.500% for each month thereafter (e.g., approximately 1.292% in April 2009) March 2010 - February 2011 1.750% for the first month plus an additional 1/12th of 0.250% for each month thereafter (e.g., approximately 1.771% in April 2010) March 2011 and thereafter 2.000% Trust: The express trust created hereunder in Section 2.01(c).
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Trigger Event. As defined in Section 8.03.
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