A Trigger Event has occurred with respect to a Distribution Date if the Delinquency Percentage exceeds the lesser of (i) 40% of the Credit Enhancement Percentage or (ii) 17.60%.
A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds 40.00% of the Credit Enhancement Percentage with respect to such Distribution Date or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date: DISTRIBUTION DATE PERCENTAGE ----------------- ---------- November 2007 to 3.50%, plus 1/12 of 1.75% for each month thereafter October 2008 November 2008 to 5.25%, plus 1/12 of 1.50% for each month thereafter October 2009 November 2009 to 6.75%, plus 1/12 of 0.25% for each month thereafter October 2010 November 2010 and 7.00% thereafter
Examples of A Trigger Event in a sentence
A Trigger Event may be determined at any time and may occur on more than one occasion.
A Trigger Event is in effect on any Distribution Date if (i) on that Distribution Date the 60 Day+ Rolling Average equals or exceeds 40% of the prior period's Senior Enhancement Percentage and (ii) may include other trigger events related to the performance of the Mortgage Loans.
A Trigger Event may occur on more than one occasion (and each Note may be written down on more than one occasion).
A "Trigger Event" occurs if, at any time, the common equity tier 1 capital ratio pursuant to Article 92(1)(a) CRR or any successor provision thereto, determined on a consolidated basis (the "Common Equity Tier 1 Capital Ratio") falls below 5.125 per cent.
A "Trigger Event" shall be deemed to have occurred upon any Person becoming an Acquiring Person.
More Definitions of A Trigger Event
A Trigger Event has occurred with respect to a Distribution Date if (i) the Delinquency Percentage exceeds 16.75% or (ii) the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the related Due Period and the denominator of which is the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-off Date and the Original Pre-Funded Amounts exceeds the applicable percentages set forth below with respect to such Distribution Date: DISTRIBUTION DATE OCCURRING IN PERCENTAGE ---------------------------------- ---------- January 2006 through December 2006 1.75% January 2007 through December 2007 3.00% January 2008 through December 2008 3.75% January 2009 and thereafter 4.50%
A Trigger Event has occurred with respect to a Distribution Date if either a Cumulative Loss Trigger Event or a Delinquency Trigger Event has occurred with respect to such Distribution Date.
A Trigger Event has occurred with respect to a Distribution Date if the Delinquency Percentage exceeds the lesser of (i) ____% of the Credit Enhancement Percentage (calculated for this purpose only with the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Class CE Certificates) or (ii) ____%.
A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds [_____]% of the Credit Enhancement Percentage or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off exceeds the applicable percentages set forth below with respect to such Distribution Date: DISTRIBUTION DATE PERCENTAGE [_______] to [_______] [_____]% [_______] to [_______] [_____]% [_______] to [_______] [_____]% [_______] to [_______] [_____]%
A Trigger Event has occurred with respect to a Distribution Date if the Delinquency Percentage exceeds 100% of the Credit Enhancement Percentage.
A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds 33.25% of the Credit Enhancement Percentage with respect to such Distribution Date or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date: