Spread Trigger definition

Spread Trigger means, at any time on any date, an amount equal to the Base Spread Trigger on such date plus the product of:
Sample 1Sample 2Sample 3
Spread Trigger means, at any time on any date from and including the New Notes Election Date (as defined in the Original Default Swap Confirmation) to and including the Termination Date, an amount equal to the sum of (i) Base Spread Trigger on such date and(ii) the product of:
Sample 1Sample 2
Spread Trigger means, at any time on any date, an amount equal to the sum of (i) the Base Spread Trigger on such date and (ii) the product of:
Sample 1Sample 2

Examples of Spread Trigger in a sentence

  • If the Reference Swap Remaining Tenor corresponds exactly to a value set out as a "Remaining Tenor" in the Spread Trigger Table, the Calculation Agent shall use as the Remaining Tenor the Reference Swap Remaining Tenor.

  • If the Reference Swap Loss Percentage corresponds exactly to a value set out as a "Loss Percentage" in the Spread Trigger Table, the Calculation Agent shall use as the Loss Percentage the Reference Swap Loss Percentage.

  • For the avoidance of doubt, on any date on which Party A does not request the Calculation Agent to make the observations and determinations set out above, the Spread Widening Factor shall be deemed to be one.A " Trigger Event" shall occur if, at any time on any date, the Average Portfolio Spread multiplied by the Spread Widening Factor is greater than or equal to the Spread Trigger in respect of such time and date.

  • If the Reference Swap Remaining Tenor corresponds exactly to a value set out as a “Remaining Tenor” in the Spread Trigger Table, the Calculation Agent shall use as the Remaining Tenor the Reference Swap Remaining Tenor.

  • If the Reference Swap Loss Percentage corresponds exactly to a value set out as a “Loss Percentage” in the Spread Trigger Table, the Calculation Agent shall use as the Loss Percentage the Reference Swap Loss Percentage.

  • For the avoidance of doubt, on any date on which Party A does not request the Calculation Agent to make the observations and determinations set out above, the Spread Widening Factor shall be deemed to be one.A “ Trigger Event” shall occur if, at any time on any date, the Average Portfolio Spread multiplied by the Spread Widening Factor is greater than or equal to the Spread Trigger in respect of such time and date.

  • Following the occurrence of an Event Determination Date, a Spread Trigger Event Date or a Collateral Default Event Determination Date, interest shall cease to accrue from such date and any unpaid interest which has accrued up to such date but has not otherwise been paid shall be due on the relevant date for the redemption of the Notes.

  • Decreasing the Spread Trigger from 4.0% to 3.0% would increase the total time to complete hedging, from 2.0 months to 4.8 months, and would also increase the average price paid to $72.46.

  • Decreasing the Spread Trigger from 4.0% to 3.0% would increase the total time to complete hedging, from 2.0 months to 9.5 months, and would also increase the average price paid to $78.57.

  • Buys once on any given day, and only if spread is less than the Spread Trigger threshold.


More Definitions of Spread Trigger

Spread Trigger means, at any time on any date, an amount equal to the sum of
Sample 1

Related to Spread Trigger

  • 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.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2009-VFN Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Early Amortization Event means any Early Amortization Event specified in Section 5.01 of the Indenture.

  • 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%.

  • Amortization Period means, with respect to any Series, or any Class within a Series, a period following the Revolving Period during which principal is distributed to Investor Certificateholders, which shall be the controlled amortization period, the principal amortization period, the rapid amortization period, or other amortization period, in each case as defined with respect to such Series in the related Supplement.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • 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.

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

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

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

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

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Rapid Amortization Period means the Amortization Period commencing on the Pay Out Commencement Date and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to Section 12.01 of the Agreement.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • 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.

  • 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.

  • 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.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • 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.

  • 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.

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

  • Amortization Event has the meaning specified in Article IX.

  • Cumulative Loss Trigger Event If, with respect to any Distribution Date, 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 Due 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 March 2008 through February 1.400% for the first month, plus an additional 2009 1/12th of 1.750% for each month thereafter (e.g., 2.275% in September 2008) March 2009 through February 3.150% for the first month, plus an additional 2010 1/12th of 1.750% for each month thereafter (e.g., 4.025% in September 2009) March 2010 through February 4.900% for the first month, plus an additional 2011 1/12th of 1.400% for each month thereafter (e.g., 5.600% in September 2010) March 2011 through February 6.300% for the first month, plus an additional 2012 1/12th of 0.750% for each month thereafter (e.g., 6.675% in September 2011) March 2012 and thereafter 7.050%