Delinquency Trigger Percentage definition

Delinquency Trigger Percentage means 5.0%.

Delinquency Trigger Percentage means, the lesser of (i) 9.00% or (ii) the “Delinquency Trigger Percentage” as specified in the indenture supplement for any other Outstanding Series of Notes.

Delinquency Trigger Percentage means [_]%.

Examples of Delinquency Trigger Percentage in a sentence

• In the absence of manifest error, and following the delivery of such Officer’s Certificate to the Indenture Trustee, the revised Delinquency Trigger Percentage shall be effective as of the date such revised Delinquency Trigger Percentage is reported in the Monthly Noteholders’ Statement.

• As of the Closing Date, the Delinquency Trigger Percentage is 9.00%.

• As of the Closing Date, the Delinquency Trigger Percentage is [__]%.

• In the absence of manifest error, and following the delivery of such Officer’s Certificate to the Indenture Trustee,the revised Delinquency Trigger Percentage shall be effective as of the date such revised Delinquency Trigger Percentage is reported in the Monthly Noteholders’ Statement.

• Collection Period Collection Period End Date Delinquency Trigger Percentage 0-00 - 00-00 - 00-00 - 00 and after and after Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above Servicer's Certificate for the Collection Period [x] through [x] for Payment Date of [x] Toyota Auto Receivables 2016-D Owner Trust Toyota Auto Finance Receivables, LLC SELLER SERVICER I hereby certify to the best of my knowledge that the report provided is true and correct.

• As of the Closing Date, the Delinquency Trigger Percentage is [•]%.

More Definitions of Delinquency Trigger Percentage

Delinquency Trigger Percentage with respect to any Group, has the meaning set forth in the related Trust Financing Agreement.

Delinquency Trigger Percentage equals [__]% for the first [__] Collection Periods following the Cutoff Date, [__]% for the next [__] Collection Periods, [__]% for the next [__] Collection Periods and [__]% for the remaining Collection Periods that the Notes are outstanding.

Delinquency Trigger Percentage equals [(i) during the Revolving Period, [__]% and (ii) during the Amortization Period, [__]%].

Delinquency Trigger Percentage means, (i) [•]% or (ii) if lower, the Delinquency Trigger Percentage with respect to any other Series of Notes.