Subordination Trigger Event definition
Subordination Trigger Event. A Subordination Trigger Event will have occurred with respect to any Distribution Date if the Enhancement Percentage for any Class of Group 1 Certificates or any Class of LIBOR Certificates for the immediately preceding Distribution Date is less than the applicable percentage set forth below:
Subordination Trigger Event. As to either Certificate Group, the existence and continuation of both a Cumulative Loss Event and an Excess Delinquency Event for such Certificate Group.
Subordination Trigger Event. A Subordination Trigger Event will have occurred with respect to any Distribution Date if the Enhancement Percentage for any Class of LIBOR Certificates for the immediately preceding Distribution Date is less than the applicable percentage set forth below: A 30.50% M-1 19.80% M-2 16.50% M-3 11.20% M-4 9.20% B-1 7.20% B-2 5.60% B-3 3.60%
More Definitions of Subordination Trigger Event
Subordination Trigger Event. A Subordination Trigger Event will have occurred with respect to any Distribution Date if the Enhancement Percentage for any Class of Fixed Rate Certificates for the immediately preceding Distribution Date is less than the applicable percentage set forth below: A 31.10% M-1 25.40% M-2 20.70% M-3 17.50% M-4 14.90% M-5 12.40% M-6 10.20% B-1 8.00% B-2 6.10% B-3 4.10%
Subordination Trigger Event. Not applicable.