Restricting Event definition

Restricting Event means the condition that exists on any Payment Date if any one of the following conditions exists: (i) a Delinquency Condition exists or (ii) an Indenture Event of Default has occurred and is then continuing.

Restricting Event. As defined in Section 7.2.

Restricting Event shall be deemed to exist on any Payment Date on which any of the following conditions has occurred and is continuing: (i) a Servicer Default exists hereunder, (ii) the average of the sum of the Discounted Lease Balances of Leases that are more than 90 days delinquent as of the six (6) preceding Determination Dates exceeds two percent (2%) of the average of the Aggregate Discounted Lease Balances as of such six (6) preceding Determination Dates, as reflected on the most recent Monthly Statement, or (iii) two (2) times the sum of the Discounted Lease Balances of Leases that became Defaulted Leases in the six (6) preceding Collection Periods exceeds five percent (5%) of the average of the Aggregate Discounted Lease Balances as of the Determination Dates related to such six (6) preceding Collection Periods, as reflected on the most recent Monthly Statement.

Examples of Restricting Event in a sentence

• The provisions of this Section 2.9 shall apply during the term of this Agreement after the occurrence of a Restricting Event.

• The provisions of this Section 2.8 shall apply during the term of this Agreement after the occurrence of a Payout Event provided that no Restricting Event has occurred.

• The Servicer will submit to the Purchaser, within 120 days of the end of each of its fiscal years, commencing June 30, 1998 audited financial statements (including an analysis of delinquencies and losses for each fiscal year describing the causes thereof and sufficient to determine whether a Restricting Event has occurred or is reasonably likely to occur and otherwise reasonably satisfactory to the Deal Agent) as of the end of each such fiscal year.

• The MEMPlan is developed by the City of Ballarat MEMPC, which is formed under the authority of the City of Ballarat pursuant to the requirements of Part Four, Section 21 of the Emergency Management Act 1986.The MEMPlan is administered by the MEM.

• The Deal Agent shall not be deemed to have knowledge of any Restricting Event unless the Deal Agent has received notice from the Seller or a Secured Party.

More Definitions of Restricting Event

Restricting Event means the event that shall be deemed to occur on a Payment Date on which (a) an Event of Servicing Termination has occurred under the Pooling and Servicing Agreement and is not cured within the grace period set forth in the Pooling and Servicing Agreement, (b) the Certificate Insurer makes an Insured Payment, (c) a Gross Charge-Off Event exists or (d) a Delinquency Trigger Event exists.

Restricting Event the condition that exists on any Payment Date if any one of the following conditions exists: (i) a Delinquency Condition exists or (ii) an Amended and Restated Indenture Event of Default has occurred and is then continuing.

Restricting Event means the occurrence of any of the following events: 5.

Restricting Event means the condition that exists on any Payment ----------------- Date if any one of the following conditions has occurred and is continuing at any time: (i) a Trigger Event exists on such Payment Date or existed on any of the two (2) immediately preceding Payment Dates or (ii) an Indenture Event of Default has occurred and is then continuing.

Restricting Event means any of the following events: (a) As of any Calculation Date occurring after the elapsing of six full Collection Periods since the Closing Date, the Average Cumulative Net Loss Ratio exceeds 1.00%; or

Restricting Event means the following:

Restricting Event shall have the meaning assigned to it in the Pooling Agreement.