Trigger Advance Rate. For any Class or Series of Notes, as defined in the related Indenture Supplement. If an Indenture Supplement does not define a “Trigger Advance Rate,” the related Series and Classes shall have no Trigger Advance Rate.
Trigger Advance Rate means, for any Class within the Series 2012-VF2 Notes, as of any date, the rate equal to (1) 100% minus (2) the product of (a) one twelfth (1/12) of the Stressed Interest Rate for such Class, as of such date plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date.
Trigger Advance Rate means, for any Class of the Series 2013-VF1 Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one twelfth of the Stressed Interest Rate for such Class, plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date.
More Definitions of Trigger Advance Rate
Trigger Advance Rate means, for any Class within the Series 2013-T3 Notes, as of any date, the rate equal to (1) 100% minus (2) the product of (a) one-twelfth of the weighted average interest rates for all Classes of Series 2013-T3 Notes, as of such date plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date.
Trigger Advance Rate means, for any Class of the Series 2016-T2 Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one-twelfth (1/12) of the weighted average interest rates for all Classes of the Series 2016- T2 Notes as of such date, plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date. There are no “Other Advance Rate Reduction Events” or “Other Advance Rate Reduction Event Cure Periods” in respect of the Series 2016-T2 Notes.
Trigger Advance Rate means, for any Class of the Series 2015-T1 Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one-twelfth (1/12) of the weighted average interest rates for all Classes of the Series 2015-T1 Notes as of such date, plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date. There are no Derivative Accounts, Derivative Collateral Accounts, Other Advance Rate Reduction Events, Other Advance Rate Reduction Event Cure Periods or Supplemental Credit Enhancement Agreements in respect of the Series 2015-T1 Notes.
Trigger Advance Rate has the meaning assigned to such term in the Pricing Side Letter.
Trigger Advance Rate. For any Class of Notes, as of any date, an amount equal to (i) 100% minus (ii) the product of (a) (I) the Stressed Interest Rate as of such date, plus (II) the Expense Rate as of such date and (b) the Stressed Time Percentage as of such date.
Trigger Advance Rate means, for the Series 2020-VF1 Notes, as of any date from and after the third full calendar month after the Issuance Date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the sum of the following:
Trigger Advance Rate. For any Class or Series of Notes, as defined in the related Indenture Supplement. If an Indenture Supplement does not define a “Trigger Advance Rate,” the related Series and Classes shall have no Trigger Advance Rate. Trust Account or Trust Accounts: Individually, any of the Collection and Funding Account, the Initial Collection Account, the Note Payment Account, the Series Reserve Account, the Interest Accumulation Account, the Target Amortization Principal Accumulation Account, the Fee Accumulation Account or the P&I Advance Disbursement Account or any Sinking Fund Account and any other account required under any Indenture Supplement, and collectively, all of the foregoing.