Payment Trigger Date definition

Payment Trigger Date is the first day of the seventh month following the month in which you cease to be a Full-Time Student;

Payment Trigger Date means the date on which you must begin repayment of your Outstanding Loan Balance.

Payment Trigger Date generally means the Date of Termination; provided, however, that in the event of a termination of the Executive’s employment before, but in connection with, a Change in Control, it means the date of the Change in Control.

Examples of Payment Trigger Date in a sentence

• If you return to Full-Time Student Status after you have reached the maximum number of weeks, you will not be required to start making payments on your Outstanding Loan Balance until the Payment Trigger Date, but you may not be eligible for certain Financial Assistance.

• If you return to Full-Time Student Status after the Payment Trigger Date, and you apply for Financial Assistance, funding may be disbursed to you under the MSFAA- Canada or you may be required to enter into a new MSFAA.

• If you return to Qualifying Student status or Ontario Learn and Stay Grant Student status after you have reached the maximum number of weeks, interest will accrue to you, but you will not be required to start making payments on your Outstanding Loan Balance until the Payment Trigger Date.

More Definitions of Payment Trigger Date

Payment Trigger Date means the later of January 1, 2001, or the Termination Date.

Payment Trigger Date means the earliest of the following dates: (a) the date on which the U.S. federal income Tax statute of limitations (taking into account all extensions properly obtained) relating to the Relevant Tax Return has expired, (b) the date on which an audit by the IRS of the Relevant Tax Return is completed (provided that Buyer may not unreasonably delay the completion of such audit for purposes of delaying the Payment Trigger Date), and (c) the date on which any challenge by the IRS in respect of the Basis Increase claimed in the Relevant Tax Return is resolved.

Payment Trigger Date means the later of June 30, 2001, or the Termination Date.

Payment Trigger Date. Any Distribution Date on which (i) the Class Principal Balances of the Group I Certificates, Group II Certificates, Group III Certificates or Group IV Certificates have been reduced to zero and (ii) either (a) the Aggregate Subordination Percentage is less than 200% times the Aggregate Subordination Percentage as of the Closing Date, or (b) the mean aggregate Principal Balance of the Loans (including Loans in bankruptcy, foreclosure and REO) which are 60 or more days delinquent for each of the immediately preceding six calendar months is greater than 50% of the Aggregate Subordination Amount for such Distribution Date.

Payment Trigger Date has the meaning given to that term in Clause 5.1;

Payment Trigger Date means, subject always to Clause 5.3, the later of (i) the date on which the last of the Conditions to be fulfilled has been satisfied or waived and (ii) the date on which the documents referred to in Clause 5.2 have been delivered in accordance with Clause 5.2.

Payment Trigger Date means the later of the date on which Program Claim Assessment Completion has occurred. Notwithstanding the foregoing, the Payment Trigger Date shall not occur if the Settlement Effective Date does not occur.