Default Trigger definition

Default Trigger means, the ratio (expressed as a percentage) with respect to any month, equal to (i) the sum, excluding Disputed Receivables and without duplication, of (A) the aggregate Outstanding Balance of all Receivables that have remained unpaid for sixty-one (61) to ninety (90) days past the original due date as of the last day of such month and (B) the aggregate Outstanding Balance of all Receivables that became Charged-Off Receivables during such month, divided by (ii) the aggregate Original Balance of all Receivables generated by the Originators during the month ended three months prior to such month.

Default Trigger shall have the meaning set forth in Section 4(g).

Default Trigger means ___%.

Examples of Default Trigger in a sentence

• We reserve the right to vary the Default Trigger Amount without notice at any time or from time to time.

• Under the Scheme, a Card Transaction with an amount equivalent to or above a pre-set Trigger Amount (as defined below) or, as the case may be, the Default Trigger Amount (as defined below) will automatically be split into 3, 6 or 12 instalments as per the table below.The instalments are interest free and payable monthly over a period of 3, 6 or 12 months (each an “Instalment Period”).

• Under the Scheme, a Card Transaction with an amount equivalent to or above a pre-set Trigger Amount (as defined below) or, as the case may be, the Default Trigger Amount (as defined below) will automatically be split into 3, 6 or 12 instalments as per the table below.

• As a result, the Indonesian nation and state became an independent nation and depended on the strength of other nations.

• If an Event of Default, Trigger Event, Potential Event of Default or a Standstill Period has commenced or the Security Trustee is required to take Enforcement Action or any action or step that is ancillary thereto the Obligors agree that the Security Trustee shall be entitled to be paid additional remuneration calculated at its standard hourly rates in force from time to time.

More Definitions of Default Trigger

Default Trigger has the meaning set out in Section 3.1(4). “Disbursement Account” has the meaning set out in Section 9.6.

Default Trigger shall have the meaning set forth in the definition of "Triggering Event".

Default Trigger shall have the meaning set forth in the definition of Cash Sweep Event.

Default Trigger means that the Interest Cover Ratio falls below 110 per cent. and/or the Loan to Value is higher than 80 per cent.

Default Trigger means, for any Determination Date, a percentage to be agreed by the parties hereto; provided, however, that if the parties cannot agree on such percentage, the Default Trigger shall be equal to the product of 1.35 times the Default Percentage for the March 2006 Determination Date; provided further, however, that the Default Trigger shall be 100% for any Determination Date for which the aggregate Principal Balance of the Receivables at the end of the preceding Collection Period is less than 10% of the aggregate Principal Balance of the Receivables on the Servicing Transfer Date.

Default Trigger means _______. ---------------

Default Trigger means ______________.