Deemed Cured. With respect to the occurrence of a Performance Trigger or Rapid Amortization Trigger, when the condition that originally gave rise to the occurrence of such trigger has not continued for 20 consecutive days, or if the occurrence of such Performance Trigger or Rapid Amortization Trigger has been waived in writing by the Majority Noteholder.
Deemed Cured means with respect to Series 1997-B, (a) with respect to an event that has occurred pursuant to clause (A)(i) of the definition of Trigger Event, as of a Determination Date with respect to Series 1997-B, that no event as specified in clause (A)(i) of the definition thereof with respect to such Series shall have occurred as of such Determination Date or as of any of the five consecutively preceding Determination Dates, and (b) with respect to an event that has occurred pursuant to clause (A)(ii) or clause (A)(iii) of the definition of Trigger Event, as of the next Determination Date which occurs in a calendar month which is a multiple of three months succeeding the Series 1997-B Closing Date, that no event specified in clause (A)(ii) or clause (A)(iii) of the definition of Trigger Event with respect to such Series shall have occurred as of such Determination Date.
Deemed Cured. Delinquency Ratio," "Net Losses," "Spread Account Shortfall" and "Spread Account Default Level."
Examples of Deemed Cured in a sentence
Reduction of Payment Provider Commitment when Net Yield Trigger Event Not Occurred or Deemed Cured 0.00 0.00 3,000,000.00 3,000,000.00 viii.
Release from Spread Account when Net Yield Trigger Event Has Occurred and Has Not Been Deemed Cured 0.00 0.00 3,000,000.00 3,000,000.00 vii.
Reserve/Trigger Events Occurrences Deemed Cured ---------------- ---------------- Reserve Event No N/A Trigger Event No N/A Servicer Termination Event No 7.
In addition to the information set forth in the preceding sentence, the Servicer's Certificate shall also contain the following information: (a) the Delinquency Ratio and the Cumulative Net Loss Ratio for such Determination Date; (b) whether any Trigger Event has occurred as of such Determination Date; and (c) whether any Trigger Event that may have occurred as of a prior Determination Date is Deemed Cured as of such Determination Date.
Reduction of Payment Provider Commitment when Net Yield Trigger Event Not Occurred or Deemed Cured 0.00 0.00 1,230,028.83 1,230,028.83 viii.
More Definitions of Deemed Cured
Deemed Cured has the meaning set forth in the Insurance Agreement.]
Deemed Cured means, as of a Determination Date, that no Spread Cap Event shall have occurred and be continuing as of such Determination Date and with respect to the two consecutively preceding Determination Dates.
Deemed Cured means, as of a Determination Date, (a) with respect to a Trigger Event that has occurred pursuant to clause (ii) of the definition thereof, that no such clause (ii) Trigger Event shall have occurred as of such Determination Date or as of either of the two consecutively preceding Determination Dates, and (b) with respect to a Trigger Event that has occurred pursuant to clause (i) or clause (iii) of the definition thereof, as of a Determination Date which occurs in a calendar month which is a multiple of three months succeeding the Closing Date, that no such clause (i) or clause (iii) Trigger Event shall have occurred as of such Determination Date, it being understood that a Trigger Event that has occurred pursuant to clause (i) or clause (iii) of the definition thereof, may not be cured on a Determination Date which occurs in a calendar month which is not a multiple of three months succeeding the Closing Date.
Deemed Cured means, with respect to Series 1994-B, Series 1994-A, Series 1993-D, Series 1993-C, Series 1993-B or Series 1993-A and each other Spread Account for which "Deemed Cured" is not defined in the related Series Supplement, (a) with respect to a Trigger Event that has occurred pursuant to clause (A)(i) or (ii) of the definition thereof, as of a Determination Date that no such clause (A)(i) or clause (A)(ii) Trigger Event with respect to such Series shall have occurred as of such Determination Date or as of any of the five consecutively preceding Determination Dates, and (b) with respect to a Trigger Event that has occurred pursuant to clause (A)(iii) or clause (A)(iv) of the definition thereof, as of the next Determination Date which occurs in a calendar month which is a multiple of three months succeeding the Closing Date, that no such clause (A)(iii) or clause (A)(iv) Trigger Event with respect to such Series shall have occurred as of such Determination Date.
Deemed Cured means, as of a Reporting Date, with respect to a Trigger Event that has occurred with respect to a Series, that no Trigger Event with respect to such Series shall have occurred as of such Reporting Date or as of any of the two consecutively preceding Reporting Dates.
Deemed Cured means, as of a Determination Date, (a) with respect to a ------------ Trigger Event that has occurred solely as a result of the occurrence of a Delinquency Test Failure, that no Trigger Event or any Insurance Agreement Event of Default shall have occurred as of such Determination Date or as of any of the three (3) next preceding Determination Dates; or (b) with respect to any other Trigger Event, that no Trigger Event or any Insurance Agreement Event of Default shall have occurred as of such Determination Date or as of any of the six (6) next preceding Determination Dates.
Deemed Cured. A Performance Trigger or Rapid Amortization Trigger shall be Deemed Cured on the 25th consecutive Business Day on which the condition that originally gave rise to such event has not continued.