Catalyst Event definition
Catalyst Event means a period of time commencing on the date when the 2-year Prime ABS Spread exceeds 0.75% and continuing until the earliest time as of which the 2-year Prime ABS Spread is equal to or less than 0.75%.
Examples of Catalyst Event in a sentence
Notwithstanding the forgoing, if (i) the Pricing Model Amendment has not yet taken effect and (ii) the Catalyst Event is not continuing, Purchasers shall immediately withdraw the Pricing Model Change Notice upon the termination of the Catalyst Event.
For the avoidance of doubt, the Haldor Catalyst Event of Default shall be cured upon Borrower’s achieving the Haldor Catalyst Significant Milestone on or before July 8, 2020.