Common use of Asset Composition Event Clause in Contracts

Asset Composition Event. (a) "Asset Composition Event" shall mean and will occur if during the revolving period for any Series (a) the sum of all Eligible Investments and amounts on deposit in all Series Accounts represents more than 25% of the Trust Assets on each of twelve or more consecutive Determination Dates; or (b) on each of any two consecutive Determination Dates the sum of all Eligible Investments and amounts on deposit in all Series Accounts represents more than 45% of the total assets of the Trust in each case, after giving effect to all payments made or to be made on the Distribution Date next succeeding each such respective Determination Date. No Asset Composition Event will arise, and any pre-existing Asset Composition Event will be of no further effect, following the beginning of the Accumulation Period or the Early Amortization Period.

Asset Composition Event. (a) "Asset Composition Event" shall mean and will occur if during the revolving period for any Series (a) the sum of all Eligible Investments and amounts on deposit in all Series Accounts represents more than 25% of the Trust Assets on each of twelve or more consecutive Determination Dates; or (b) on each of any two consecutive Determination Dates the sum of all Eligible Investments and amounts on deposit in all Series Accounts represents more than 45% of the total assets of the Trust Trust, in each case, case after giving effect to all payments made or to be made on the Distribution Date next succeeding each such respective Determination Date. No Asset Composition Event will arise, and any pre-existing Asset Composition Event will be of no further effect, following the beginning of the Accumulation Period or the Early Amortization Period.

Asset Composition Event. (a) "Asset Composition ----------------------- Event" shall mean and will occur if during the revolving period for any Series (a) the sum of all Eligible Investments and amounts on deposit in all Series Accounts represents more than 25% of the Trust Assets on each of twelve or more consecutive Determination Dates; or (b) on each of any two consecutive Determination Dates the sum of all Eligible Investments and amounts on deposit in all Series Accounts represents more than 45% of the total assets of the Trust Trust, in each case, case after giving effect to all payments made or to be made on the Distribution Date next succeeding each such respective Determination Date. No Asset Composition Event will arise, and any pre-existing Asset Composition Event will be of no further effect, following the beginning of the Accumulation Period or the Early Amortization Period.