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:

Trigger Event. Either a Cumulative Loss Trigger Event or a Delinquency Trigger Event.

Examples of Trigger Event in a sentence

• No Performance Units earned and vested shall be payable prior to the Committee’s certification; provided, however, Committee certification shall not apply in the event of a Double Trigger Event, unless otherwise provided in an agreement pursuant to paragraph 14 of the Agreement.

• An Automatic Conversion will occur without delay upon the occurrence of a Capital Adequacy Trigger Event.

• Borrower shall provide Collateral Agent with at least ten (10) Business Days’ written notice prior to a Trigger Event; provided, however, in the case of a Trigger Event pursuant to clause (a) of such defined term, Borrower shall provide written notice of such Trigger Event as soon as reasonably practicable following such Trigger Event, but in any event not more than three (3) Business Days after such Trigger Event.

• A Trigger Event shall have occurred which is not cured within ten (10) Business Days of such occurrence, which cure may include, at Borrower’s discretion, replacing Eligible Receivables for which the Unpaid Principal Balance is more than thirty (30) or sixty (60) days past due, as applicable, with Eligible Receivables for which the Unpaid Principal Balance is less than thirty (30) or sixty (60) days past due, as applicable.

• Barclays PLC hereby notifies Clearstream, Luxembourg and Euroclear (the “Clearing Systems”), the Holders and Beneficial Owners of the Securities that a Capital Adequacy Trigger Event has occurred with respect to the Securities.

More Definitions of Trigger Event

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 set forth in Section 5.05(a)(iv).

Trigger Event shall have the meaning specified in Section 15.5(d).

Trigger Event means any of the following:

Trigger Event. As defined in Section 8.03.