Credit Trigger definition

Credit Trigger means any of the following: (i) a Regulatory Event with respect to the Borrower Parent or any of its senior investment management personnel actively involved in managing the Collateral, (ii) a Change in Investment Adviser or (iii) any Change in Control of Borrower or Investment Adviser.

Credit Trigger refers to the specific point at which an individual SLA threshold is violated. Credit triggers are calculated by multiplying the Monthly Fee for associated services by the SLA Credit Amount (a Percentage), up to but not exceeding 100% of the monthly fee of the month in which the violation took place (unless otherwise specified).

Credit Trigger means any of the following: (i) a Regulatory Event with respect to Borrower Parent, Investment Adviser or any officer of any of the foregoing that is primarily responsible for the management of the Collateral, (ii) a Change in Investment Adviser or (iii) any Change in Control shall occur.

Examples of Credit Trigger in a sentence

• If the Calculation Agent determines that a Credit Trigger has occurred, then, unless previously redeemed in full, the Notes will be redeemed by the Issuer paying the Credit Event Redemption Amount to the Holder of each Note (of the Specified Denomination) on the second Business Day following the FX Valuation Date.

• A Credit Trigger occurred resulting in a Resort Closure of 7 consecutive days.

• If the Property Owner and the Taxing Body have not resolved such disagreement within thirty (30) days of that Taxing Body's receipt of notice from the Property Owner then the Property Owner will pay the increased Annual Credit Trigger Amount and have the right, notwithstanding the provisions of Paragraph 15 of this Agreement, to contest the increased amount by filing a tax rate objection complaint or other civil complaint in the Fourteenth Judicial Circuit, Rock Island County, Illinois for resolution.

• If the material placed on contracts involving 1000 tons (1000 Mg) or less of Asphaltic Concrete of all type fails to meet the above requirements, it will be paid for using the applicable Acceptance Schedule.

• It is the intent of the Parties that a School District Taxing Body may invoke, during tax years 2017 through 2023, either Paragraph 8(A) or Paragraph 8(B) to increase the Property Owner's Annual Credit Trigger Amount, but not both, and that the first invocation of Paragraph 8(A) or Paragraph 8(B) by a School District Taxing Body binds that School District Taxing Body to the invocation of that sub-Paragraph only, to the exclusion of the other sub-Paragraph, for the remainder of the term of this Agreement.

More Definitions of Credit Trigger

Credit Trigger means any of the following: (i) a Regulatory Event with respect to any Key Personnel, Investment Adviser or Investment Adviser Parent, (ii) a Change in Investment Adviser, (iii) a Key Personnel Event or (iv) the Net Asset Value is less than $25 million on any date on or after the Closing Date and such Net Asset Value deficiency is not cured within 3 days following notice thereof to the Borrower by the Administrative Agent.

Credit Trigger the meaning specified in subsection 8.3. -------------- --------------

Credit Trigger means any of the following: (i) a Regulatory Event with respect to any Key Personnel, Investment Adviser or Investment Adviser Parent, (ii) a Change in Investment Adviser, (iii) a Key Personnel Event or (iv) the Net Asset Value is less than (A) $50,000,000 on any date on or after the date of the initial Credit Extension hereunder and prior to the six month anniversary of the Closing Date or (B) $125,000,000 on any date on or after the six month anniversary of the Closing Date and such Net Asset Value deficiency is not cured within 3 days following notice thereof to the Borrower by the Administrative Agent.

Credit Trigger means any of the following: (i) a Regulatory Event with respect to any Key Personnel, the Equity Owner or the Manager, (ii) a Key Personnel Event, (iii) the occurrence of a Material Adverse Effect solely as defined in clause (b) and (c) thereof or (iii) the occurrence of a Net Asset Value Floor Event.

Credit Trigger means any of the following: (i) a Regulatory Event with respect to any Key Personnel, Investment Adviser or Investment Adviser Parent, (ii) a Change in Investment Adviser, (iii) a Key Personnel Event or (iv) the Net Asset Value is less than (A) $50,000,000 on any date on or after the date of the initial Credit Extension hereunder and prior to the six month anniversary of the Closing Date, (B) $125,000,000 on any date during the period from and including December 27, 2014, to but excluding the Second Closing Date, (C) $175,000,000 on any date during the period from and including the Second Closing Date to and including the six month anniversary of the Second Closing Date or (D) $215,000,000 on any date after the six month anniversary of the Second Closing Date and such Net Asset Value deficiency is not cured within 3 days following notice thereof to the Borrower by the Administrative Agent.

Credit Trigger means any of the following: (i) a Regulatory Event with respect to Borrower Parent or Investment Adviser, (ii) a Change in Investment Adviser, (iii) any Change in Control of Borrower, Borrower Parent or Investment Adviser or (iv) the Net Asset Value for three consecutive Business Days is less than (A) on and after the date of the first Committed Loan and prior to the six-month anniversary of the Closing Date, $25 million and (B) at any time on and after the six-month anniversary of the Closing Date, $80 million.

Credit Trigger shall have the meaning set forth in the ESFR Agreement.