Default Trigger definition

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 means ___%.

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.

Examples of Default Trigger in a sentence

• No Protective Advance by Agent shall be construed as a waiver by Agent, or any Lender of any Default, Event of Default, Default Trigger Event, First Payment Default Trigger Event or any of the rights or remedies of Agent or any Lender.

• No Default, Event of Default, Trigger Event or Adjusted Trigger Event shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date.

• This applies only to provisional invoices or other invoices or aggregated groups of invoices which exceed the Default Trigger Amount (the value of the Provisional Monthly Charge in the month that the invoice was due).

• Should a Default Trigger Event or a Facility H Trigger Event occur, and before the Default Event Determination Date, a Net 1 Market Price Trigger Event occurs, the subscription pursuant to the Net 1 Market Price Trigger Event shall apply to the exclusion of the subscription pursuant to either a Default Trigger Event or a Facility H Trigger Event.

• In the event of a Default Trigger Event or a Facility H Trigger Event, the date of determination of such number of shares of Common Stock shall be five (5) Business Days (the "Default Event Determination Date") after the date of release by the Company (after such Default Trigger Event or Facility H Trigger Event) of its most recent quarterly results advising shareholders of the occurrence of such Default Trigger Event or Facility H Trigger Event.

More Definitions of Default Trigger

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

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

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

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

Default Trigger means 1.50% per cent.