Delinquency Trigger definition

Delinquency Trigger means, for any Payment Date and the related Collection Period, 24.00%.

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Delinquency Trigger means, that (i) as of the end of any of the first through twelfth Collection Periods, the Delinquency Rate exceeds 1.10%, (ii) as of the end of any of the thirteenth through twenty-fourth Collection Periods, the Delinquency Rate exceeds 1.80%, (iii) as of the end of any of the twenty-fifth through thirty-sixth Collection Periods, the Delinquency Rate exceeds 2.80% or (iv) as of the end of any subsequent Collection Period, the Delinquency Rate exceeds 4.90%.

Delinquency Trigger means, for any Payment Date and the related preceding calendar month, 4.80%.

Examples of Delinquency Trigger in a sentence

• If Noteholders and Note Owners of at least 5% in the aggregate of the Outstanding Amount of the Notes demand a vote within 90 days after the filing of the Form 10-D in which the occurrence of the Delinquency Trigger being met or exceeded was reported, the Indenture Trustee will promptly request a vote of the Noteholders (through the Clearing Agency) and Note Owners.

• The Indenture Trustee shall set a record date for purposes of determining the identity of Noteholders or Note Owners, as applicable, entitled to vote in accordance with TIA Section 316(c) as of the date of filing of the Form 10-D that disclosed that the Delinquency Percentage met or exceeded the Delinquency Trigger.

• The vote will be initiated no later than 90 days after the filing of the Form 10-D reporting that the Delinquency Percentage met or exceeded the Delinquency Trigger for that Payment Date and will be completed no later than 150 days after such Form 10-D filing.

• If the Delinquency Percentage on any Payment Date exceeds the Delinquency Trigger for that Payment Date, the Servicer will notify the Noteholders and Note Owners of that occurrence on the Form 10-D filed for that Payment Date.

More Definitions of Delinquency Trigger

Delinquency Trigger means, with respect to a Collection Period, the aggregate Principal Balance of 60-Day Delinquent Receivables as a percentage of the aggregate Principal Balance of Receivables as of the end of such Collection Period exceeds the Delinquency Trigger Percentage for such Collection Period. “Delinquency Trigger Percentage” equals 4.65%.

Delinquency Trigger means, for any Collection Period, that the aggregate Securitization Value of Leases in the 2018-B Reference Pool that are more than 60 days Delinquent as a percentage of the aggregate Securitization Value of the Leases in the 2018-B Reference Pool as of the last day of the Collection Period exceeds 0.30% for the first 12 Collection Periods and 0.40% for the remaining Collection Periods that the Notes are Outstanding.

Delinquency Trigger means, for any Collection Period that the Notes are Outstanding, that the aggregate Principal Balance of Receivables that are more than 60 days Delinquent as a percentage of the Pool Balance as of the last day of the Collection Period exceeds (a) 0.80% for the first 12 Collection Periods following the Cutoff Date, (b) 1.30% for the next 12 Collection Periods, (c) 2.40% for the next 12 Collection Periods and (d) 4.75% for the remaining Collection Periods.

Delinquency Trigger means 4.70%.

Delinquency Trigger means, for any Due Period, that the aggregate Principal Balance of Contracts that are 60 days or more Delinquent (assuming 30-day months) as a percentage of the Pool Balance as of the last day of the Due Period exceeds 6.00%.

Delinquency Trigger means that, as of the end of any Collection Period, the Delinquency Rate exceeds 40%.

Delinquency Trigger means, with respect to a Collection Period, when (1) the ratio, expressed as a percentage, of (x) the Payoff Amount of all Receivables that are 60 or more days Delinquent as of the last day of such Collection Period (excluding Purchased Receivables and Liquidated Receivables) and (y) the Pool Balance as of the last day of such Collection Period, exceeds (2) the Delinquency Trigger Percentage. “Delinquency Trigger Percentage” equals 14.60%.