Trigger Effect definition

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by (a) fifteen percent (15%) for each occurrence of any Major Trigger Event, or (b) five percent (5%) for each occurrence of any Minor Trigger Event, and then adding the resulting product to the Outstanding Balance as of the date the applicable Trigger Event occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Trigger Event occurred; provided that the Trigger Effect may only be applied three (3) times hereunder with respect to Major Trigger Events and three (3) times hereunder with respect to Minor Trigger Events; and provided further that the Trigger Effect shall not apply to any Trigger Event pursuant to Section 4.1(a) hereof.

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by (a) fifteen percent (15%) for each occurrence of any Major Trigger Event, or (b) five percent (5%) for each occurrence of any Minor Trigger Event, and then adding the resulting product to the Outstanding Balance as of the date the applicable Trigger Event occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Trigger Event occurred; provided that the Trigger Effect may only be applied three (3) times hereunder with respect to Major Trigger Events and three (3) times hereunder with respect to Minor Trigger Events.

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by ten percent (10%)

Examples of Trigger Effect in a sentence

• At any time following the occurrence of any Trigger Event, Lender may, at its option, increase the Outstanding Balance by applying the Trigger Effect (subject to the limitation set forth below).

• Below, a selected set of valid requirements and recommendations from referenced INSPIRE documents are listed.

• Company acknowledges and agrees that as of the date of any future Trigger Events (as defined in each of the Outstanding Notes) under the Outstanding Notes, if any, the Trigger Effect (as defined in each of the Outstanding Notes) for each such Trigger Event shall be fully earned and added to the Outstanding Balance (as defined in each of the Outstanding Notes) of the applicable note as of the date of such Trigger Event.

• At any time following the occurrence of any Trigger Event, Lender may, at its option, increase the Outstanding Balance by applying the Trigger Effect.

• All the editing for Trigger Effect happens right in Falkland, BC at Trumbley’s home.

• It is for this reason the City has set a target to approve 40,000 new affordable rental units by 2030, working in partnership with other orders of government, the private sector and non-profit organizations.

• The Company acknowledges and agrees that a Major Trigger Event (as defined in the First Forbearance Note) has occurred under the First Forbearance Note, that Investor has applied the Trigger Effect (as defined in the First Forbearance Note) with respect to such Trigger Event and that such Trigger Effect is fully earned, and that it does not contest the occurrence of the Major Trigger Event or the application of the Trigger Effect.

• As a result of the December Trigger Event, Lender has the right to, among other things, charge a Trigger Effect.

• Trigger Effect has successfully aired for four full seasons and as of January 1, 2017 it launched season five with 20 new episodes.

• He is very proud of the fact that Trigger Effect is a Canadian show.Trigger Effect has successfully aired for four full seasonsand as of January 1, 2017 it launched season five with 20 new episodes.

More Definitions of Trigger Effect

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by (a) fifteen percent (15%) for each occurrence of any Major Trigger Event, or (b) five percent (5%) for each occurrence of any Minor Trigger Event, and then adding the resulting product to the Outstanding Balance as of the date the applicable Trigger Event occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Trigger Event occurred; provided that the Trigger Effect may only be applied one (1) time hereunder with respect to Major Txxxxxx Events and one (1) time hereunder with respect to Minor Trigger Events; and provided further that the Trigger Effect shall not apply to any Trigger Event pursuant to Section 4.1(a) hereof.

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by (a) fifteen percent (15%) for each occurrence of any Major Trigger Event, or (b) five percent (5%) for each occurrence of any Minor Trigger Event, and then adding the resulting product to the Outstanding Balance as of the date the applicable Trigger Event occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Trigger Event occurred; provided that the Trigger

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by ten percent (10%) following the occurrence of a Trigger Event. EXHIBIT B Security Agreement This Security Agreement (this “Agreement”), dated as of February 23, 2023, is executed by Intrusion Inc., a Delaware corporation (“Debtor”), in favor of Streeterville Capital, LLC, a Utah limited liability company (“Secured Party”).

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Trigger Event occurred by ten percent (10%) following the occurrence of a Trigger Event. EXHIBIT B Security Agreement This Security Agreement (this “Agreement”), dated as of January 2, 2024, is executed by Intrusion Inc., a Delaware corporation (“Debtor”), in favor of Xxxxxxx Xxxxx, a Texas resident (“Secured Party”).

Trigger Effect means multiplying the Outstanding Balance as of the date the applicable Event of Default occurred (after giving effect to any opportunity to cure) by (a) fifteen percent (15%) for each occurrence of any Major Trigger Event, or (b) five percent (5%) for each occurrence of any Minor Trigger Event, and then adding the resulting product to the Outstanding Balance as of the date the applicable Event of Default occurred, with the sum of the foregoing then becoming the Outstanding Balance under this Note as of the date the applicable Event of Default occurred; provided, however, the cumulative application of the Trigger Effect will be capped at a maximum of twenty percent (20%). The Trigger Effect may not be applied for a Trigger Event occurring pursuant to Section 4.1(b).