Trigger Event definition

Trigger Event shall have the meaning specified in Section 14.04(c).
Trigger Event. A Trigger Event is in effect with respect to any Distribution Date on or after the Stepdown Date if:

Examples of Trigger Event in a sentence

  • The Issuer shall not give a notice of redemption if a Trigger Event has occurred.

  • Notwithstanding anything herein (including this Section 6.6) to the contrary, in no event shall any Unavoidable Delay (i) extend the deadline for or excuse the performance of any obligation or covenant that can be satisfied by the payment of a liquidated sum; (ii) extend the deadline for or otherwise apply to any Put Trigger Event (except that the foregoing will not apply in determining whether an Event of Default exists), or (iii) delay the Opening Date beyond the Outside Date.

  • The Write-Down of the Bonds shall occur without delay and, in any event, not later than one month (or a shorter period as the Competent Authority may then require) from the occurrence of the relevant Trigger Event (such date being a “Write-Down Date”).

  • 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).

  • If the Issuer has given a notice of redemption and, after giving such notice but prior to the relevant redemption date, a Trigger Event has occurred, the relevant redemption notice shall be automatically revoked and be null and void and the corresponding redemption shall not be made.


More Definitions of Trigger Event

Trigger Event means the occurrence of any of the following:
Trigger Event. A Trigger Event shall have occurred with respect to any Distribution Date if either a Delinquency Event or a Cumulative Loss Trigger Event is in effect for such Distribution Date.
Trigger Event means, on any distribution date while any of the class A notes are outstanding, that the outstanding principal balance of the notes, less any amounts (exclusive of investment earnings) on deposit in any accumulation account, after giving effect to distributions to be made on that distribution date, would exceed the Adjusted Pool Balance as of the end of the related collection period.
Trigger Event has the meaning specified in Section 12.4(d) hereof.
Trigger Event has the meaning specified in Section 4.04(c).
Trigger Event. As defined in Section 8.03.
Trigger Event. A Trigger Event has occurred with respect to a Distribution Date if: