Delinquency Trigger Breach definition

Delinquency Trigger Breach has the meaning specified in subsection 8.04(d)(ii).

Delinquency Trigger Breach has the meaning given to it in Schedule II hereto, as such meaning is updated and amended from time to time by mutual agreement of the Administrative Agent, the Lenders and the Borrower (in each party’s sole discretion).

Delinquency Trigger Breach has the meaning given to it in Schedule II hereto.

Examples of Delinquency Trigger Breach in a sentence

• The vote to direct such an Asset Representations Review must be completed within one hundred and fifty (150) days following the filing with the Commission of the Form 10-D disclosing the Delinquency Trigger Breach.

• If the voting process is not completed within such 150-day period and a Delinquency Trigger Breach has not occurred in any subsequent reporting period, then the Certified Note Owners may not initiate or, if already initiated, complete a vote to direct an Asset Representations Review with respect to that Delinquency Trigger Breach.

• However, if a Delinquency Trigger Breach occurs in a subsequent period, the 90-day petition period described in the first sentence of this clause (ii) and the 150-day period for the completion of a vote will restart from the filing of the Form 10-D disclosing the most recent breach if no petition to vote has been initiated, no vote has been scheduled and no Asset Representations Review is being conducted.

More Definitions of Delinquency Trigger Breach

Delinquency Trigger Breach has the meaning given to it in Schedule II hereto. “Delinquent Receivable” means any Receivable (a) that is not a Charged-Off Receivable or a Bankruptcy Receivable, and (b) with respect to which all or any portion of a scheduled payment remains unpaid for more than fifteen (15) days past its scheduled due date.

Delinquency Trigger Breach has the meaning specified in the Indenture.

Delinquency Trigger Breach has the meaning specified in the Indenture. “Derivative Agreement” has, with respect to any Series, Class or Tranche of Notes, the meaning specified in the Indenture.

Delinquency Trigger Breach has the meaning specified in subsection may be.