Group I Subordinated Trigger Event definition

Group I Subordinated Trigger Event. With respect "Group II Subordinated Trigger Event": With to Group I, any Distribution Date after the Group I respect to Group II, any Distribution Date after the Stepdown Date on which: Group II Stepdown Date on which:
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Group I Subordinated Trigger Event. With respect to Group I, any Distribution Date after the Group I Stepdown Date on which:
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Group I Subordinated Trigger Event. A Group I Subordinated Trigger Event has occurred with respect to a Payment Date if both of the following tests are failed on such Payment Date: A Group I Cumulative Loss Test is failed with respect to a Payment Date if the amount of the Cumulative Loss Percentage with respect to Group I equals or exceeds the percentage set out for the corresponding Payment Date below: Payment Dates Cumulative Loss Percentage ------------- -------------------------- July 1999 - June 2000 1.80% July 2000 - June 2001 3.00% July 2001 - June 2002 4.00% July 2002 - June 2003 4.25% July 2003 - June 2004 4.75% July 2004 - June 2005 5.00% A Group I Delinquency Test is failed with respect to a Payment Date if the amount of 60+ Day Delinquent Loans, with respect to Group I as a percentage of the aggregate outstanding Loan Balance of Group I equals or exceeds the percentage set out for the corresponding Payment Date below: Payment Dates 60+ Day Delinquent Percentage ------------- ----------------------------- July 1999 - June 2001 5.50% July 2001 - June 2003 7.33% July 2003 - June 2005 11.00%
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More Definitions of Group I Subordinated Trigger Event

Group I Subordinated Trigger Event. A Group I Subordinated Trigger Event has occurred with respect to a Payment Date if both of the following tests are failed on such Payment Date: A Group I Cumulative Loss Test is failed with respect to a Payment Date if the amount of the Cumulative Loss Percentage with respect to Group I equals or exceeds the percentage set out for the corresponding Payment Date below:
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Group I Subordinated Trigger Event. A Group I Subordinated Trigger Event has occurred with respect to a Payment Date if both of the following tests are failed on such Payment Date: A Group I Cumulative Loss Test is failed with respect to a Payment Date if the amount of the Cumulative Loss Percentage with respect to Group I equals or exceeds the percentage set out for the corresponding Payment Date below: Payment Dates Cumulative Loss Percentage ------------- -------------------------- October 2000 - September 2001 1.50% October 2001 - September 2002 2.60% October 2002 - September 2003 3.30% October 2003 - September 2006 3.50% A Group I Delinquency Test is failed with respect to a Payment Date if the amount of 60+ Day Delinquent Loans, with respect to Group I as a percentage of the aggregate outstanding Loan Balance of Group I equals or exceeds the percentage set out for the corresponding Payment Date below:
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Group I Subordinated Trigger Event. With respect "GROUP II SUBORDINATED TRIGGER EVENT": With respect to to Group I, any Distribution Date after the Group I Group II, any Distribution Date after the Group II Stepdown Date on which: Stepdown Date on which:
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Related to Group I Subordinated Trigger Event

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Derivative Provider Trigger Event means (i) an Event of Default with respect to which Party A is a Defaulting Party, (ii) a Termination Event with respect to which Party A is the sole Affected Party or (iii) an Additional Termination Event with respect to which Party A is the sole Affected Party.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Swap Counterparty Trigger Event A Swap Counterparty Trigger Event shall have occurred if any of a Swap Default with respect to which the Swap Counterparty is a Defaulting Party, a Termination Event with respect to which the Swap Counterparty is the sole Affected Party or an Additional Termination Event with respect to which the Swap Counterparty is the sole Affected Party has occurred.

  • Specified Subordinated Amount As applicable, the Group I Specified Subordinated Amount or the Group II Specified Subordinated Amount.

  • Excess Subordinated Amount With respect to any Distribution Date, the excess, if any, of (a) the Subordinated Amount on such Distribution Date over (b) the Specified Subordinated Amount for such Distribution Date.

  • Class Subordination Percentage With respect to any Distribution Date and each Class of Subordinated Certificates, the quotient (expressed as a percentage) of (a) the Class Certificate Balance of such Class of Certificates immediately prior to such Distribution Date divided by (b) the aggregate of the Class Certificate Balances immediately prior to such Distribution Date of all Classes of Certificates.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Available Subordinated Amount if there is a Subordinate Class with respect to Class A, shall mean, on a Distribution Date, the sum of

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Eligible Subordinated Debt means, at any time in respect of any issuer, each series of the issuer’s then-outstanding long-term indebtedness for money borrowed that (a) upon a bankruptcy, liquidation, dissolution or winding up of the issuer, ranks subordinate to the issuer’s then outstanding series of indebtedness for money borrowed that ranks most senior, (b) is then assigned a rating by at least one NRSRO (provided that this clause (b) shall apply on a Redesignation Date only if on such date the issuer has outstanding subordinated long-term indebtedness for money borrowed that satisfies the requirements in clauses (a), (c) and (d) that is then assigned a rating by at least one NRSRO), (c) has an outstanding principal amount of not less than $100,000,000, and (d) was issued through or with the assistance of a commercial or investment banking firm or firms acting as underwriters, initial purchasers or placement or distribution agents. For purposes of this definition as applied to securities with a CUSIP number, each issuance of long-term indebtedness for money borrowed that has (or, if such indebtedness is held by a trust or other intermediate entity established directly or indirectly by the issuer, the securities of such intermediate entity that have) a separate CUSIP number shall be deemed to be a series of the issuer’s long-term indebtedness for money borrowed that is separate from each other series of such indebtedness.

  • REMIC II Subordinated Balance Ratio The ratio among the Uncertificated Balances of each REMIC II Regular Interest ending with the designation “SUB,”, equal to the ratio between, with respect to each such REMIC II Regular Interest, the excess of (x) the aggregate Stated Principal Balance of the Group I Mortgage Loans or Group II Mortgage Loans, as applicable over (y) the current Certificate Principal Balance of related Class A Certificates.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • Senior Subordinated Debt means the Indebtedness represented by the Senior Subordinated Notes (including the Note Guarantees, Exchange Notes (each as defined in the Senior Subordinated Debt Documents), guarantees of Exchange Notes and any replacement Exchange Notes).

  • Tier 2 Capital Event means the receipt by the Company of a legal opinion from counsel experienced in such matters to the effect that the Subordinated Notes do not constitute, or within 90 days of the date of such legal opinion will not constitute, Tier 2 Capital (or its then equivalent if the Company were subject to such capital requirement).

  • Original Subordinated Percentage The Subordinated Percentage as of the Cut-Off Date, as set forth in Section 11.07.

  • REMIC I Subordinated Balance Ratio The ratio among the Uncertificated Principal Balances of each of the REMIC I Regular Interests ending with the designation "A," equal to the ratio among, with respect to each such REMIC I Regular Interest, the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Current Principal Amount of the Senior Certificates in the related Group.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Group Subordinate Amount For a Mortgage Pool and any Distribution Date; the excess of (a) the Pool Principal Balance of such Mortgage Pool for the immediately preceding Distribution Date, over (b) the aggregate Class Certificate Balance of the Senior Certificates of the related Certificate Group immediately prior to that Distribution Date. Index: Not applicable.