Negative LIBOR Trigger definition

Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below:
Sample 1Sample 2Sample 3
Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below: Class of
Sample 1Sample 2Sample 3
Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below: Class 1A-I1 Notes ........ -0.50% Class 1A-I2 Notes ........ -0.90% Class 1A-I3 Notes ........ -1.30% Class 1A-I4 Notes ........ -1.70% Class 1B-I1 Notes ........ -0.50% Class 1B-I2 Notes ........ -0.90% Class 1B-I3 Notes ........ -1.30% Class 1B-I4 Notes ........ -1.70% Class 1C-I1 Notes ........ -0.50% Class 1C-I2 Notes ........ -0.90% Class 1C-I3 Notes ........ -1.30% Class 1C-I4 Notes ........ -1.70% Class 1-X1 Notes ........ -0.50% Class 1-X2 Notes ........ -0.90% Class 1-X3 Notes ........ -1.30% Class 1-X4 Notes ........ -1.70% Class 1-Y1 Notes ........ -0.50% Class 1-Y2 Notes ........ -0.90% Class 1-Y3 Notes ........ -1.30% Class 1-Y4 Notes 1.70% Class 2A-I1 Notes ........ -0.50% Class 2A-I2 Notes ........ -0.90% Class 2A-I3 Notes ........ -1.30% Class 2A-I4 Notes ........ -1.70% Class 2B-I1 Notes ........ -0.50% Class 2B-I2 Notes ........ -0.90% Class 2B-I3 Notes ........ -1.30% Class 2B-I4 Notes ........ -1.70% Class 2C-I1 Notes ........ -0.50% Class 2C-I2 Notes ........ -0.90% Class 2C-I3 Notes ........ -1.30% Class 2C-I4 Notes ........ -1.70% Class 2-X1 Notes ........ -0.50% Class 2-X2 Notes ........ -0.90% Class 2-X3 Notes ........ -1.30% Class 2-X4 Notes ........ -1.70% Class 2-Y1 Notes ........ -0.50% Class 2-Y2 Notes ........ -0.90% Class 2-Y3 Notes ........ -1.30% Class 2-Y4 Notes ........ -1.70%
Sample 1

More Definitions of Negative LIBOR Trigger

Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below: Class 1A-I1 Notes ........ -0.60% Class 1A-I2 Notes ........ -1.00% Class 1A-I3 Notes ........ -1.40% Class 1A-I4 Notes ........ -1.80% Class 1B-I1 Notes ........ -0.60% Class 1B-I2 Notes ........ -1.00% Class 1B-I3 Notes ........ -1.40% Class 1B-I4 Notes ........ -1.80% Class 1C-I1 Notes ........ -0.60% Class 1C-I2 Notes ........ -1.00% Class 1C-I3 Notes ........ -1.40% Class 1C-I4 Notes ........ -1.80% Class 1-X1 Notes ........ -0.60% Class 1-X2 Notes ........ -1.00% Class 1-X3 Notes ........ -1.40% Class 1-X4 Notes ........ -1.80% Class 1-Y1 Notes ........ -0.60% Class 1-Y2 Notes ........ -1.00% Class 1-Y3 Notes ........ -1.40% Class 1-Y4 Notes 1.80%
Sample 1
Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below: Class ofClass 1-Y1 Notes........-0.60%Class 1-Y2 Notes........-1.00%Class 1-Y3 Notes........-1.40%Class 1-Y4 Notes........-1.80%"Net Liquidation Proceeds"means,with respect to any Credit Event ReferenceObligation, the sum of the related Liquidation Proceeds and any proceeds received from the related servicer in connection with such Credit Event Reference Obligation, less related expenses and credits, including but not limited to taxes and insurance, legal costs, maintenance and preservation costs, in each case during the period including the month in which such Reference Obligation became a Credit Event Reference Obligation together with the immediately following three-month period.
Sample 1
Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below: Class 2A-I1 Notes 0.50% Class 2A-I2 Notes ........ -0.90% Class 2A-I3 Notes ........ -1.30% Class 2A-I4 Notes ........ -1.70% Class 2B-I1 Notes ........ -0.50% Class 2B-I2 Notes ........ -0.90% Class 2B-I3 Notes ........ -1.30% Class 2B-I4 Notes ........ -1.70% Class 2C-I1 Notes ........ -0.50% Class 2C-I2 Notes ........ -0.90% Class 2C-I3 Notes ........ -1.30% Class 2C-I4 Notes ........ -1.70% Class 2-X1 Notes ........ -0.50% Class 2-X2 Notes ........ -0.90% Class 2-X3 Notes ........ -1.30% Class 2-X4 Notes ........ -1.70% Class 2-Y1 Notes ........ -0.50% Class 2-Y2 Notes ........ -0.90% Class 2-Y3 Notes ........ -1.30% Class 2-Y4 Notes ........ -1.70%
Sample 1
Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below: Class 1A-I1 Notes ........ -0.60% Class 1A-I2 Notes ........ -1.00% Class 1A-I3 Notes ........ -1.40% Class 1A-I4 Notes ........ -1.80% Class 1B-I1 Notes ........ -0.60% Class 1B-I2 Notes ........ -1.00% Class 1B-I3 Notes ........ -1.40% Class 1B-I4 Notes ........ -1.80% Class 1C-I1 Notes ........ -0.60% Class 1C-I2 Notes ........ -1.00% Class 1C-I3 Notes ........ -1.40% Class 1C-I4 Notes ........ -1.80% Class 1-X1 Notes ........ -0.60%
Sample 1
Negative LIBOR Trigger means, for a Class of Interest Only RCR Notes, the applicable value of One-Month LIBOR set forth below: Class ofClass 2C-I4 Notes 1.95%Class 2-X1 Notes........-0.75%Class 2-X2 Notes........-1.15%Class 2-X3 Notes........-1.55%Class 2-X4 Notes........-1.95%Class 2-Y1 Notes........-0.75%Class 2-Y2 Notes........-1.15%Class 2-Y3 Notes........-1.55%Class 2-Y4 Notes........-1.95%"Net Liquidation Proceeds"means,with respect to any Credit Event ReferenceObligation, the sum of the related Liquidation Proceeds, any Mortgage Insurance Credit Amount and any proceeds received from the related servicer in connection with such Credit Event Reference Obligation, less related expenses and credits, including but not limited to taxes and insurance, legal costs, maintenance and preservation costs, in each case during the period including the month in which such Reference Obligation became a Credit Event Reference Obligation together with the immediately following three-month period.
Sample 1

Related to Negative LIBOR Trigger

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

  • 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%.

  • 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%

  • 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.

  • Published Rate means the rate of interest published each Business Day in The Wall Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market for a one month period as published in another publication selected by the Administrative Agent).

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • LIBOR Daily Floating Rate means, for any day, a fluctuating rate of interest per annum equal to LIBOR as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by Administrative Agent from time to time), at approximately 11:00 a.m., London time, two (2) London Banking Days prior to such day, for Dollar deposits with a term of one (1) month commencing that day; provided that if the LIBOR Daily Floating Rate shall be less than zero, such rate shall be deemed zero for purposes of the Loan Documents.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

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

  • LIBOR Reserve Percentage means the reserve percentage prescribed by the Board of Governors of the Federal Reserve System (or any successor) for "Eurocurrency Liabilities" (as defined in Regulation D of the Federal Reserve Board, as amended), adjusted by Bank for expected changes in such reserve percentage during the applicable Fixed Rate Term.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • 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”.

  • Mid-Swap Floating Leg Benchmark Rate means EURIBOR (if the Specified Currency is euro), LIBOR for the Specified Currency (if the Specified Currency is U.S. dollars, Pounds Sterling or Swiss Francs), CIBOR (if the Specified Currency is Danish Kroner), NIBOR (if the Specified Currency is Norwegian Kroner), STIBOR (if the Specified Currency is Swedish Kronor) or (in the case of any other Specified Currency) the benchmark rate most closely connected with such Specified Currency and selected by the Calculation Agent in its discretion after consultation with the Issuer;

  • 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.

  • Required Rate means (a) 8.40%, with respect to the Cutoff Date and any Distribution Date on or prior to the date on which the Class A-2-B Notes are paid in full, or, (b) 7.90%, with respect to any Distribution Date after the Class A-2-B Notes are paid in full, or, in each case, such other percentage approved by the Rating Agencies.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events, as determined by the Issuer and notified by the Issuer to the Calculation Agent:

  • Loss Reserve Percentage means, at any time of determination, the product (expressed as a percentage and rounded to the nearest 1/100th of 1%, with 5/1000th of 1% rounded upward) of (a) 2.25, multiplied by (b) the highest average of the Default Ratios for any three (3) consecutive Fiscal Months during the twelve (12) most recent Fiscal Months, multiplied by (c) the Loss Horizon Ratio.

  • Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).

  • LIBOR Rate Reserve Percentage means as of any day the maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”).

  • 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”.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.

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

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

  • Covered Rating Agency Information means any Provided Information furnished to the Rating Agencies in connection with issuing, monitoring and/or maintaining the Securities.

  • Mid-Market Swap Rate means for any Reset Period the mean of the bid and offered rates for the fixed leg payable with a frequency equivalent to the frequency with which scheduled interest payments are payable on the Notes during the relevant Reset Period (calculated on the day count basis customary for fixed rate payments in the Relevant Currency as determined by the Calculation Agent) of a fixed-for-floating interest rate swap transaction in the Relevant Currency which transaction (i) has a term equal to the relevant Reset Period and commencing on the relevant Reset Date, (ii) is in an amount that is representative for a single transaction in the relevant market at the relevant time with an acknowledged dealer of good credit in the swap market and (iii) has a floating leg based on the Mid-Swap Floating Leg Benchmark Rate for the Mid-Swap Maturity (calculated on the day count basis customary for floating rate payments in the Relevant Currency as determined by the Calculation Agent);

  • Eurocurrency Rate Reserve Percentage for any Interest Period for all Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Rate Advances is determined) having a term equal to such Interest Period.