Default Trigger Event definition

Default Trigger Event means the occurrence of any of the following events with respect to the portfolio of Pledged Leases securing the Loan, in each case, to be tested as of the last day of each calendar month but without giving effect to any Vintage Pool created prior to the February 2019 Vintage Pool:
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Default Trigger Event means the occurrence of one of the following events: (i) an Insolvency Event with respect to the Servicer or (ii) the failure of Servicer to perform any Guaranteed Servicer Obligation in accordance with the Servicing Agreement that, with giving of notice or lapse of time, would constitute a Servicer Default, which such failure continues unremedied for 53 days (or if the Default Trigger Event is a result of Servicer’s failure to make any payment, transfer or deposit, 4 Business Days) after the date of written notice thereof shall have been received by Servicer; provided that if Servicer’s failure was caused by an act of God or other similar occurrence then a Default Trigger Event shall not be deemed to have occurred until 7 days prior to the date on which a Servicer Default would result from such failure.
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Default Trigger Event means the occurrence of an Event of Default.
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Examples of Default Trigger Event in a sentence

  • No Default, Event of Default, Trigger Event or Adjusted Trigger Event shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date.

  • Hence, we find that every node with degree k is counted exactly k times.

  • No Protective Advance by Agent shall be construed as a waiver by Agent, or any Lender of any Default, Event of Default, Default Trigger Event, First Payment Default Trigger Event or any of the rights or remedies of Agent or any Lender.

  • In the event of a Default Trigger Event or a Facility H Trigger Event, the date of determination of such number of shares of Common Stock shall be five (5) Business Days (the "Default Event Determination Date") after the date of release by the Company (after such Default Trigger Event or Facility H Trigger Event) of its most recent quarterly results advising shareholders of the occurrence of such Default Trigger Event or Facility H Trigger Event.

  • Should a Default Trigger Event or a Facility H Trigger Event occur, and before the Default Event Determination Date, a Net 1 Market Price Trigger Event occurs, the subscription pursuant to the Net 1 Market Price Trigger Event shall apply to the exclusion of the subscription pursuant to either a Default Trigger Event or a Facility H Trigger Event.

  • No Secured Party will be deemed to have knowledge or notice of the occurrence of a Default or Trigger Event or other such event under the Basic Document to which it is a party until such Secured Party has actual knowledge thereof or has received a written notice of such Default, Trigger Event or other event from a Grantor or any other Secured Party.

  • No Event of Default, Head Lease Event of Default, Manager Default, Trigger Event or Universal Event has occurred and is continuing and no event has occurred that with the passage of time would become an Event of Default, Head Lease Event of Default, Manager Default, Trigger Event or Universal Event.

  • Notwithstanding anything to the contrary in the JV Agreement, the occurrence of an Event of Default hereunder shall also constitute a Default Trigger Event (as defined in the JV Agreement) under the JV Agreement.

  • Notwithstanding, the foregoing, no Asset Management Agreement will be entered into in connection with a Project that is managed by a Third-Party Manager due to a Default Trigger Event under the Operating Agreement.

  • Servicer shall promptly, and in any event within 2 Business Days, notify Servicer Performance Guarantor of the occurrence of a Default Trigger Event.


More Definitions of Default Trigger Event

Default Trigger Event means, with respect to a Member, the date that such Member
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Default Trigger Event means, with respect to a Member, the date that such Member (a) has failed to make all or any portion of its required capital contribution under Section 4.5, 4.6 or Section 4.7 by the date such capital contribution is required to be made pursuant to Section 4.5 or 4.6 or by the date required to allow for the distribution by the date required pursuant to Section 4.7, as applicable, and (b) has not cured such failure within 30 days after the date such capital contribution was required to be made. AMENDED AND RESTATED LLC AGREEMENT OF EUREKA MOLY, LLC – Page 4
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Default Trigger Event means the occurrence of the date on which the number of days since an initial Trigger Event has been in effect exceeds FORTY-FIVE (45) Business Days.
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Related to Default Trigger Event

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ -------------------------- May 2008 through April 2009 1.400% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 2.250% in November 2008) May 2009 through April 2010 3.100% for the first month, plus an additional 1/12th of 1.700% for each month thereafter (e.g., 3.950% in November 2009) May 2010 through April 2011 4.800% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.500% in November 2010) May 2011 through April 2012 6.200% for the first month, plus an additional 1/12th of 0.700% for each month thereafter (e.g., 6.550% in November 2011) May 2012 and thereafter 6.900%

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • Covenant Trigger Period means the period (a) commencing on the date that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $50,000,000 and (b) continuing until there has been a period of 30 consecutive days thereafter during which at all times (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $50,000,000.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Swap Counterparty Trigger Event A Swap Counterparty Trigger Event shall have occurred if any of a Swap Default with respect to which the Swap Counterparty is a Defaulting Party, a Termination Event with respect to which the Swap Counterparty is the sole Affected Party or an Additional Termination Event with respect to which the Swap Counterparty is the sole Affected Party has occurred.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • PTC Event of Default means, with respect to each Trust Agreement, the failure to pay within 10 Business Days after the due date thereof: (i) the outstanding Pool Balance of the applicable Class of Certificates on the Final Legal Distribution Date for such Class or (ii) interest due on such Certificates on any Distribution Date (unless the Subordination Agent shall have made an Interest Drawing or a withdrawal from the Cash Collateral Account relating to a Liquidity Facility for such Class, with respect thereto in an aggregate amount sufficient to pay such interest and shall have distributed such amount to the Trustee entitled thereto).

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Note Event of Default means any “Event of Default” specified in Section 5.1 of the Indenture.

  • Triggering Event of Default means (i) any Event of Default with respect to an obligation of the Mortgage Loan Borrower to pay money due under the Mortgage Loan or (ii) any non-monetary Event of Default as a result of which the Mortgage Loan becomes a Specially Serviced Mortgage Loan (which, for clarification, shall not include any imminent Event of Default (i.e., subclause (vii) of the definition of Special Servicing Loan Event)).

  • Specified Event of Default means any Event of Default pursuant to Section 9.01(a), Section 9.01(f) or Section 9.01(g).

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Relevant Event means any Termination Event, Mandatory Prepayment Event or Further Novation Event, or any event which only with the passage of time, the giving of any notice or the fulfilment of any other condition (or a combination thereof) would constitute a Termination Event, Mandatory Prepayment Event or Further Novation Event;

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Reduction Event means, in relation to Notes that are Subordinated Notes, that a resolution has been passed at a general meeting of the Issuer’s shareholders in accordance with Danish law to reduce, inter alia and in the order described in Condition 10.3 (Effect), the Outstanding Principal Amounts and any accrued but unpaid interest and following the occurrence of all of the following circumstances:

  • Specified Event has the meaning given to such term in the definition of “Consolidated EBITDA.”