Common use of Collateral Performance Trigger Clause in Contracts

Collateral Performance Trigger. The occurrence of any Tier 2 Collateral Performance Trigger; orprovided, that if such Tier 2 Collateral Performance Trigger occurs solely as a result of a breach of item 2, 5, 6 or 9 of Appendix E-2, such breach shall only result in an Event of Default if Credit Card Receivables pledged hereunder exceed the Credit Card Receivables Threshold.

Collateral Performance Trigger. The occurrence of any Tier 2 Collateral Performance Trigger; orprovidedprovided, that if such Tier 2 Collateral Performance Trigger occurs solely as a result of a breach of item 2, 5, 6 or 9 of Appendix E-2, such breach shall only result in an Event of Default if Credit Card Receivables pledged hereunder exceed the Credit Card Receivables Threshold.