Market Value Trigger Event definition

Market Value Trigger Event means an event that shall have occurred if the Administrative Agent has determined (which determination shall be binding absent manifest error) and notified the Portfolio Manager in writing as of any date that the Net Advances exceed the product of (a) the Net Asset Value and (b) the Market Value Trigger.
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Market Value Trigger Event means an event that shall have occurred if the Administrative Agent has determined and notified the Servicer in writing as of any date that the Net Advances exceed the product of (a) the Net Asset Value and (b) the Market Value Trigger. "Master Participation Agreement" has the meaning set forth in the introductory section of this Agreement. "Material Adverse Effect" means a material adverse effect on (a) the business, assets, operations or condition, financial or otherwise, of the Company, the Seller or the Servicer, (b) the ability of the Company, the Seller or the Servicer to perform its obligations under this Agreement or any of the other Loan Documents or (c) the rights of or benefits available to the Agents, the Collateral
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Market Value Trigger Event means, as of any date of determination, the aggregate outstanding Purchase Price exceeds 85% of the aggregate Market Value of the Purchased Assets.
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Examples of Market Value Trigger Event in a sentence

  • None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge or notice of any matter, including any Default, Event of Default, Market Value Event, Market Value Trigger Event or failure of the Borrowing Base Test unless and until a Responsible Officer has received written notice thereof from the Company, a Lender or the Administrative Agent.

  • If the Calculation Agent, on behalf of the Issuer, wishes, (without any obligation, on the part of the Issuer or the Calculation Agent to do so) on any day to determine the Market Value of the Reference Assets as part of the process of determining whether a Mandatory Substitution Event or a Note Market Value Trigger Event has occurred, the Calculation Agent will seek firm bid prices from a panel of three dealers chosen in its sole and absolute discretion.

  • The Calculation Agent shall use the arithmetic average of the aggregate Market Values as part of the process of determining whether a Mandatory Substitution Event or a Note Market Value Trigger Event has occurred.

  • Notwithstanding the foregoing, the requirements under clause (x) of this paragraph (other than no Default or Event of Default has occurred and is continuing) shall not apply to any sales initiated following the occurrence of a Market Value Trigger Event to the extent consummated to effect a Market Value Cure.

Related to Market Value Trigger Event

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

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Value Date means a reference time used by a payment service provider for the calculation of interest on the funds debited from or credited to a payment account;

  • 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%.

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Market Capitalization means an amount equal to (i) the total number of issued and outstanding shares of Capital Stock of the IPO Entity on the date of the declaration of the relevant dividend, multiplied by (ii) the arithmetic mean of the closing prices per share of such Capital Stock for the 30 consecutive trading days immediately preceding the date of the declaration of such dividend.

  • Historical Fair Market Value means the volume weighted average price of the Ordinary Shares during the ten (10) trading day period ending on the trading day prior to the first date on which the Ordinary Shares trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights. No Ordinary Shares shall be issued at less than their par value.