A Trigger Event has occurred with respect to a Distribution Date if the Delinquency Percentage exceeds 100% of the Credit Enhancement Percentage.
A Trigger Event has occurred with respect to a Distribution Date if:
A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds 40.00% of the Credit Enhancement Percentage with respect to such Distribution Date or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Percentage ----------------- ---------- December 2007 to 3.50%, plus 1/12 of 2.00% for each month thereafter November 2008 December 2008 to 5.50%, plus 1/12 of 1.50% for each month thereafter November 2009 December 2009 to 7.00%, plus 1/12 of 0.50% for each month thereafter November 2010 62 December 2010 and thereafter 7.50%
Examples of A Trigger Event in a sentence
A Trigger Event is in effect on any Distribution Date if (i) on that Distribution Date the 60 Day+ Rolling Average equals or exceeds 40% of the prior period's Senior Enhancement Percentage and (ii) may include other trigger events related to the performance of the Mortgage Loans.
A "Trigger Event" shall be the execution of a Definitive Agreement.
A Trigger Event shall be deemed to be continuing unless expressly waived by Buyer in writing.
A Trigger Event or an Event of Default hereunder and under any of the Repurchase Documents shall be deemed to be continuing unless and until waived pursuant to the terms of the Repurchase Documents.
A Trigger Event shall have occurred and Seller shall have failed to repay the Purchase Price on account of all Purchased MSR Excess Spread that constitutes Repurchase Assets within three (3) Business Days thereof.
More Definitions of A Trigger Event
A Trigger Event has occurred with respect to a Distribution Date if either a Cumulative Loss Trigger Event or a Delinquency Trigger Event has occurred with respect to such Distribution Date.
A Trigger Event has occurred with respect to a Distribution Date if the Delinquency Percentage exceeds the lesser of (i) ____% of the Credit Enhancement Percentage (calculated for this purpose only with the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Class CE Certificates) or (ii) ____%.
A Trigger Event has occurred with respect to a Distribution Date if (i) the Delinquency Percentage exceeds 16.00% or (ii) the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the related Due Period and the denominator of which is the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-off Date and the Original Pre-Funded Amounts exceeds the applicable percentages set forth below with respect to such Distribution Date: DISTRIBUTION DATE OCCURRING IN PERCENTAGE ----------------------------------------- --------------------------------- April 2005 through March 2006 3.25% April 2006 through March 2007 4.00% April 2007 through March 2008 4.50% April 2008 through March 2009 5.00% April 2009 and thereafter 5.75%
A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds 38.00% of the Credit Enhancement Percentage with respect to such Distribution Date or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date: DISTRIBUTION DATE PERCENTAGE ----------------- ---------- August 2007 to July 2008 3.00%, plus 1/12 of 1.25% for each month thereafter August 2008 to July 2009 4.25%, plus 1/12 of 0.75% for each month thereafter August 2009 to July 2010 5.00%, plus 1/12 of 0.40% for each month thereafter August 2010 and thereafter 5.40%
A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds [_____]% of the Credit Enhancement Percentage or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off exceeds the applicable percentages set forth below with respect to such Distribution Date: DISTRIBUTION DATE PERCENTAGE [_______] to [_______] [_____]% [_______] to [_______] [_____]% [_______] to [_______] [_____]% [_______] to [_______] [_____]%
A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds 38.50% of the Credit Enhancement Percentage with respect to such Distribution Date or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date: DISTRIBUTION DATE PERCENTAGE April 2007 to March 2008 3.25%, plus 1/12 of 1.50% for each month thereafter April 2008 to March 2009 4.75%, plus 1/12 of 1.00% for each month thereafter April 2009 and thereafter 5.75%