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MTM Trigger Event definition

MTM Trigger Event means the notification by the Calculation Agent to the Issuer (copied to the Trustee) of its determination that an MTM Trigger has occurred.
MTM Trigger Event unless specified as not applicable, an MTM Trigger Event, the Issuer will give a Notice of Redemption and will redeem all of the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date. The Calculation Agent shall monitor each specified MTM Trigger Contract for MTM Trigger Events and, upon becoming aware of any, as soon as reasonably practicable, notify their occurrence to the Issuer and the Trustee;
MTM Trigger Event means the determination of the Calculation Agent in accordance with paragraph 2.6 of this Part C.

Examples of MTM Trigger Event 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.

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

  • It would be discouraging to imagine the standard of living people would have, even in the welfare states, if there weren’t functional energy systems and markets.

  • 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.

  • The Notes may redeem early due to the occurrence of a MTM Trigger Event as determined by the Calculation Agent.

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

  • The Noteholders are therefore exposed to market value risk on the Collateral Assets as well as the risk of an MTM Trigger Event.

  • 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.


More Definitions of MTM Trigger Event

MTM Trigger Event means the determination and notification to the Swap Counterparty by the Calculation Agent on any day that the amount equal to (i) the Portfolio Outstanding Swap Notional Amount plus (ii) the notional amount standing to the credit of the Notional Short Account on such day multiplied by the PV Factor minus the Estimated Unwind Costs is less than EUR 7,500,000. The MTM Trigger Event which is the subject of the MTM Trigger Event Notice need not be continuing on the date the MTM Trigger Event Notice is served by the Swap Counterparty, provided that the MTM Trigger Event Notice has been served within 3 Business Days following the MTM Trigger Event. Any delay in service or decision to refrain from service of an MTM Trigger Event Notice shall not affect the right of the Swap Counterparty to serve an MTM Trigger Event Notice at any time thereafter (a) (where such event is continuing) in respect of such MTM Trigger Event, or (b) (where such event is not continuing) upon notification of any subsequent MTM Trigger Event.
MTM Trigger Event means the notification by the Calculation Agent to the Issuer and the Guarantor (in the case of Guaranteed Notes) (copied to the Trustee) of its determination that an MTM Trigger has occurred.
MTM Trigger Event means a situation where on any Business Day the MTM Amount is equal to or greater than 50 per cent. of the initial aggregate nominal amount of the Notes plus the sum of the Additional Collateral Payment Amounts in the Additional Collateral Cash Account at that time.

Related to MTM Trigger Event

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

  • 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.

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

  • 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.

  • 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%.

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

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

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • 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%

  • 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.

  • 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.

  • 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.

  • 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”.

  • ii) Event means any event described in Section 11(a)(ii) 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%.

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

  • 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”.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • 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.

  • Cash Dominion Trigger Period means the period commencing on the occurrence of a Cash Dominion Trigger Event, and continuing until the date that (a) no Event of Default shall be continuing and (b) Excess Availability is greater than or equal to the greater of (i) 15.0% of the Line Cap and (ii) $6,250,000, in each case, for a period of at least three (3) consecutive Business Days.

  • Relevant Event means any Termination Event or any Mandatory Prepayment Event or any event which after the giving of notice or lapse of time or the satisfaction of any other condition (or any combination thereof) would constitute a Termination Event or a Mandatory Prepayment Event;

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

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