Examples of Trigger Rate in a sentence
The Delinquency Trigger Rate is subject to review and adjustment from time to time in accordance with subsections 14.01(b) and 14.01(c) of the Pooling and Servicing Agreement.
A Trigger Rate may be either a Knock-In Rate or a Knock-Out Rate.
Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date): Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Call Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).
The Spot Rate will only be compared to the Trigger Rate during the Window.
It is possible however to apply a shorter term to the Trigger Rate.