Delinquency Trigger Event Sample Clauses
Delinquency Trigger Event. None of the following shall have occurred and/or be continuing:
Delinquency Trigger Event. None of the following shall have occurred and/or be continuing:
(i) the Seller’s DQ3+ Delinquency Ratio is greater than 5.00%;
(ii) the Seller’s DQ2+ Delinquency Ratio is greater than 7.50%; or
(iii) the Seller’s DQP Delinquency Ratio is greater than 60%.