A Trigger Event definition
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 43.00% 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 January 2007 to December 2007 2.50%, plus 1/12 of 1.50% for each month thereafter January 2008 to December 2008 4.00%, plus 1/12 of 1.00% for each month thereafter January 2009 to December 2009 5.00%, plus 1/12 of 0.50% for each month thereafter January 2010 to December 2010 5.50%, plus 1/12 of 0.25% for each month thereafter January 2011 and thereafter 5.75%
Examples of A Trigger Event in a sentence
Upon payment of all accrued and unpaid distributions then-outstanding in respect of the Preferred Units, the Holders’ Nominee will agree to resign from the Board of Directors effective immediately, unless and until a subsequent Series A Trigger Event, if any, occurs.
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 not be deemed to have occurred solely as a result of the employment by the Applicant of individuals located outside of the State of Missouri, provided such employees contribute to and support the growth of the Applicant’s business in the State of Missouri as contemplated in the Application.
A "Trigger Event" shall be the execution of a Definitive Agreement.
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 on or after the Stepdown Date if:
A Trigger Event has occurred with respect to a Distribution Date if (i) the Delinquency Percentage exceeds 14.85% 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 ------------------------------ ---------- July 2005 through June 2006 2.75% July 2006 through June 2007 4.00% July 2007 through June 2008 5.25% July 2008 through June 2009 5.75% July 2009 and thereafter 6.00%
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 ----------------- ---------- February 2007 to January 2008 2.50%, plus 1/12 of 1.50% for each month thereafter February 2008 to January 2009 4.00%, plus 1/12 of 1.25% for each month thereafter February 2009 to January 2010 5.25%, plus 1/12 of 0.50% for each month thereafter February 2010 to January 2011 5.75%, plus 1/12 of 0.25% for each month thereafter February 2011 and thereafter 6.00%
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 38.00% 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%