MTM Trigger definition

MTM Trigger means, in respect of a Series of Notes, the occurrence at any time of either of the following events:
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MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has equalled or exceeded the MVA Factor, or (ii) the Net Note Value has equalled or fallen below the NAA Factor.
Sample 1Sample 2
MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has exceeded an amount equal to the product of the MVA Factor and the MVA, or (ii) the Net Note Value has fallen below an amount equal to the product of the NAA Factor and the Principal of the relevant Series of Notes outstanding..
Sample 1

Examples of MTM Trigger in a sentence

  • The Notes shall be redeemed at their Early Redemption Amount if an MTM Trigger Event occurs.

  • An MTM Trigger Event shall occur if on any Business Day the Market Trigger Condition, as determined by the Series Calculation Agent, has been satisfied and the Series Calculation Agent has notified the Issuer, the Notice Agent, the Clearing System, the Trustee, the Noteholders and the Swap Counterparty of such occurrence within 10 Business Days and such notice shall be deemed to constitute an Early Redemption Event Notice.

  • The Issuer shall promptly notify the Noteholder of the occurrence of an MTM Trigger Event.

  • A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.

  • The following Mandatory Redemption Events will not be applicable in respect of the Note: (i) MTM Trigger Event; and (ii) AR Termination Election.

  • Information can be found on the IT Services website: http://help.it.ox.ac.uk/helpcentre/index.

  • Unless previously redeemed or purchased and cancelled, following the occurrence of an MTM Trigger Event the Swap Counterparty may, in its sole discretion, serve as MTM Trigger Event Notice.

  • If on any date an MTM Trigger Event (an “MTM Trigger EventDate”) occurs then the Calculation Agent shall send notice in writing to the Issuer, the Trustee and the Current Noteholder of the MTM Trigger Event by no later than 4 p.m. London time on the Business Day following the MTM Trigger Event Date.

  • For the avoidance of doubt, the Series Calculation Agent shall not be obliged to notify the Issuer, the Notice Agent, the Clearing System, the Trustee, the Noteholders and the Swap Counterparty of the satisfaction of the Market Trigger Condition, and in such circumstances no MTM Trigger Event shall occur.

  • Such MTM Trigger Event shall be a Mandatory Redemption Event for the purposes of Condition 5.1.


More Definitions of MTM Trigger

MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has exceeded the amount equal to the MVA Factor multiplied by the MVA, or(ii) the Net Note Value has fallen below the amount equal to the NAA Factor multiplied by the Principal of the Notes outstanding.MVA Factor: 50%NAA Factor: 30%(b) BIE Option Not Applicable.(c) Issuer Call Option Not Applicable.(d) Noteholder Put Option Applicable.Noteholder Put Option Period:From and including the Issue Date to and including the Maturity Date.Put Redemption Amount: Mandatory Redemption Amount subject to theAdditional Terms of Noteholder Put Option below.Put Redemption Date: Date specified by the Noteholder provided that theNoteholder provides the Issuer with written notice not less than 3 Business Days prior to such date.Additional Terms of Put Noteholder:The number of Notes which may be redeemed in any given day pursuant to the exercise of a Noteholder Put Option is limited to a maximum of 1000 whole Notes. In the event that a Noteholder Put Option is exercised in respect of more than 1000 whole Notes on any Put Redemption Date, the Calculation Agent shall in its absolute discretiondetermine which 1000 whole Notes are to be redeemed and shall return the remainder to their holders. A Noteholder Put Option shall be deemed not to have been exercised in respect of any Notes so returned.(e) TTA Option Not Applicable. 6 Security
Sample 1
MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time the Net Note Value has fallen below the product of the NAA Factor and the outstanding principal amount of the Assets (including any Assets posted by the Issuer to the Swap Counterparty under the CSA but excluding any Credit Support Assets).
Sample 1
MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has exceeded the MVA Factor, or (ii) the Net Note Value has fallen below the NAA Factor.
Sample 1

Related to MTM Trigger

  • Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Sequential Trigger Event A Sequential Trigger Event will be in effect if, with respect to any Distribution Date before the 37th Distribution Date, the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period (reduced by Subsequent Recoveries received through the last day of such Due Period) divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 2.00%, or if, on or after the 37th Distribution Date, a Trigger Event is in effect.

  • 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%.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Delinquency Trigger means, for any Payment Date and the related Collection Period, 24.00%.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

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

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Carve-Out Trigger Notice means a written notice delivered by email (or other electronic means) by the DIP Agent to the Debtors, their lead restructuring counsel, the U.S. Trustee, and counsel to the Committee, which notice may be delivered following the occurrence and during the continuation of an Event of Default and acceleration of the DIP Obligations under the DIP Facility, stating that the Post-Carve Out Trigger Notice Cap has been invoked.

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • 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.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • 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.

  • Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ -------------------------- May 2008 through April 2009 1.400% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 2.250% in November 2008) May 2009 through April 2010 3.100% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 3.950% in November 2009) May 2010 through April 2011 4.800% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.500% in November 2010) May 2011 through April 2012 6.200% for the first month, plus an additional 1/12th of 0.700% for each month thereafter (e.g., 6.550% in November 2011) May 2012 and thereafter 6.900%

  • Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).

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

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Mandatory Trigger Provision means, as to any Qualifying Capital Securities, provisions in the terms thereof or of the related transaction agreements that:

Most Referenced Clauses

Most Referenced Definitions