Maturity Trigger definition

Maturity Trigger means the failure to deposit with the Indenture Trustee, at least 120 days prior to the Scheduled Maturity Date, an amount of Qualified Equity Proceeds, which, in the aggregate with all funds and any investments then held in the Indenture Accounts and available to the Indenture Trustee for repayment of the Notes, is sufficient to repay all accrued and unpaid interest on and all outstanding principal of the Notes on the Scheduled Maturity Date and any other determinable amounts that are, or are scheduled to become, due and payable under the Indenture on or prior to the Scheduled Maturity Date.
Sample 1Sample 2Sample 3
Maturity Trigger means, and shall be deemed to have occurred if, the Total Leverage Ratio with respect to the June 30, 2014 Test Period is greater than 4.00:1.00.
Sample 1Sample 2
Maturity Trigger has the meaning assigned to such term in Section 1.01 of the Indenture.
Sample 1Sample 2

Examples of Maturity Trigger in a sentence

  • If the Total Return Funding Swap is outstanding at such time and an Autocall Maturity Trigger Event subsequently occurs, assets equivalent to the Credit Support Assets (if any) held by the Custodian (on behalf of the Issuer) will be delivered to the Funding Swap Counterparty in accordance with the terms of such Credit Support Annex.

  • If an Autocall Maturity Trigger Event occurs, on the fifth Business Day after the Autocall Determination Date relating to such Autocall Maturity Trigger Event, the Funding Swap Counterparty will pay to the Issuer an amount (the " Autocall Final Exchange Amount") equal to the Value of the Total Return Funding Swap (which such Value shall be identical to that used in order to determine the Note NAV on the related Autocall Determination Date).

  • If a Maturity Trigger occurs, the FIPs will Mature earlier.The FIPs may also terminate early if Early Maturity occurs (as described in Part 1.14) or, for a particular Investor, if the Investor elects Early Exit (as described in Part 1.7).

  • If an Autocall Maturity Trigger Event occurs, on the fifth Business Day following the Autocall Date relating to such Autocall Maturity Trigger Event, the Funding Swap Counterparty will pay to the Issuer an amount (the " Autocall Final Exchange Amount") equal to the Value of the Total Return Funding Swap (which such Value shall be identical to that used in order to determine the Note NAV on the related Autocall Final NAV Determination Date in respect of the related Autocall Trigger Event).

  • No Company is a tenant under any lease of Real Property except, in the case of the Borrower only, the D2 Property.

  • FIPs will Mature before the Final Maturity Date if a Maturity Trigger occurs.

  • Notwithstanding anything to the contrary herein, no payment hereunder (i.e., principal or interest) shall be due and this Note shall be automatically cancelled without any payment to the Payee (including, without limitation, Sections 3 and 4 hereof) if the Maturity Trigger has not occurred within thirty (30) days after the date hereof.

  • Except for Maturity arising because of the 10 Year Maturity Trigger, UBS will inform FIP holders by mail at least 20 Business Days prior to the Maturity Date and will at that time request settlement instructions.

  • The National Assembly, any person appointed or designated by the National Assembly to exercise functions under its authority, the personnel directed by that person, and the Commission de la représentation are subject to this Act only to the extent determined by an Act.

  • In other words, the annual adjustment to the fee rate under section 6(b) of the Securities Act also sets the annual adjustment to the fee rates under sections 13(e) and 14(g) of the Exchange Act.Paragraph 6(b)(5) specifies the methodfor determining the annual adjustment to the fee rate Section 6(b) for fiscal 2003.


More Definitions of Maturity Trigger

Maturity Trigger means the failure to deposit with the Indenture Trustee, at least 120 days prior to the Maturity Date, an amount that, in the aggregate with all funds and any investments then held in the Indenture Accounts and available to the Indenture Trustee for repayment of the Limestone Notes, is sufficient to repay all accrued and unpaid interest on and all outstanding principal of the Limestone Notes on the Maturity Date and any other determinable amounts that are, or are scheduled to become, due and payable under the Indenture on or prior to the Maturity Date.
Sample 1
Maturity Trigger means, and shall be deemed to have occurred if, on any applicable date of determination with respect to the 2017 Term E Loans, the 2018 Notes, the 2019 Notes or the 2020 Notes, as the case may be, the aggregate principal amount of outstanding 2017 Term E Loans, 2018 Notes, 2019 Notes or 2020 Notes with respect to which the Maturity Trigger is being tested is greater than or equal to $125,000,000. For purposes of determining whether a Maturity Trigger has occurred (a) with respect to the Revolving Credit Maturity Date or the 2019 Term A Maturity Date, any refinancing (“Refinanced Indebtedness”) of 2017 Term E Loans, 2018 Notes, 2019 Notes or 2020 Notes shall be deemed to continue to be, as applicable, 2017 Term E Loans, 2018 Notes, 2019 Notes or 2020 Notes, if such Refinanced Indebtedness has a maturity date prior to the date that is ninety-one (91) days after the date that is five years after the Third Restatement Effective Date, or (b) with respect to the 2021 Term D Maturity Date, Refinanced Indebtedness shall be deemed to continue to be, as applicable, 2017 Term E Loans, 2018 Notes, 2019 Notes or 2020 Notes, if such Refinanced Indebtedness has a maturity date prior to the date that is ninety-one (91) days after the date that is seven years after the Third Restatement Effective Date.
Sample 1
Maturity Trigger means, and shall be deemed to have occurred if, on any applicable date of determination with respect to the Second Lien Tranche 1 Loans, the Senior Notes, the Senior Subordinated Notes or the Second Lien Tranche 2 Loans, as the case may be, the aggregate principal amount of outstanding Second Lien Tranche 1 Loans, Senior Notes, Senior Subordinated Notes or Second Lien Tranche 2 Loans with respect to which the Maturity Trigger is being tested is greater than or equal to an amount equal to 10% of the principal amount of such Second Lien Tranche 1 Loans, Senior Notes, Senior Subordinated Notes or Second Lien Tranche 2 Loans, as the case may be, outstanding as of the Sixth Amendment and Restatement Effective Date.
Sample 1
Maturity Trigger means the failure by Willxxxx xx exercise the Share Trust Release Option at least 120 days prior to the Maturity Date in an amount from Permitted Redemption Sources which, in the aggregate with all funds and any investments then held in the Indenture Accounts and available to the Indenture Trustee for repayment of the Senior Notes, is sufficient to repay all accrued and unpaid interest on and all outstanding principal of the Senior Notes on the Maturity Date and any other determinable amounts that are, or are scheduled to become, due and payable under this Indenture on or prior to the Maturity Date.
Sample 1
Maturity Trigger means the failure to deposit with the Indenture Trustee, at least 120 days prior to the Maturity Date, an amount that, in the aggregate with all funds and any investments then held in the Accounts and available to the Indenture Trustee for repayment of the Notes (including the principal amount of all El Paso Overfund Loans, El Paso Debt Securities and other Financial Investments pledged to the Indenture Trustee and all interest and other earnings on the foregoing then held in the Accounts), is sufficient to repay all accrued and unpaid interest on and all outstanding principal of the Notes on the Maturity Date and any other determinable amounts that are, or are scheduled to become, due and payable under the Indenture on or prior to the Maturity Date.
Sample 1
Maturity Trigger means the failure by Williams to exercise the Share Trust Release Option at least 120 days xxxxx xo the Maturity Date in an amount from Permitted Redemption Sources which, in the aggregate with all funds and any investments then held in the Indenture Accounts and available to the Indenture Trustee for repayment of the Senior Notes, is sufficient to repay all accrued and unpaid interest on and all outstanding principal of the Senior Notes on the Maturity Date and any other determinable amounts that are, or are scheduled to become, due and payable under this Indenture on or prior to the Maturity Date.
Sample 1

Related to Maturity Trigger

  • 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.

  • 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.

  • 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.

  • 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.

  • 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%.

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

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

  • 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.

  • 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.

  • 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%

  • Mandatory Trigger Provision means, as to any Qualifying Capital Securities, provisions in the terms thereof or of the related transaction agreements that:

  • Ratings Event means a downgrade by one or more gradations (including gradations within ratings categories as well as between rating categories) or withdrawal of the rating of the Notes within the Ratings Decline Period by two or more Rating Agencies (unless the applicable Rating Agency shall have put forth a written statement to the effect that such downgrade is not attributable in whole or in part to the applicable Change of Control) following which (except in the case of a withdrawal of a rating) the rating of the Notes by each such Rating Agency is below such Rating Agency’s rating of the Notes on the Issue Date.

  • 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.

  • Maturity Payment Date means the date falling on the fifth Business Day following the Valuation Date, provided, however, that if the Reference Portfolio Return is not determined on such Valuation Date because the date at which the Reference Asset Return of one or more Reference Assets to be determined is postponed, then the Maturity Payment Date will be the fifth Business Day following the latest of such postponed dates at which the Reference Portfolio Return is determined; in each case where the Maturity Payment Date is so postponed, there will be no interest or other compensation made in respect of any such delay.

  • Auto-Call Trigger Rate means the applicable percentage in respect of the relevant Auto-Ca l Valuation Date on which an Auto-Call Trigger Event has occurred as set out in the definition of Auto-Call Trigger Level above (i.e. as shown in the same row as that date).

  • Maturity when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.

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

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Constant Maturity Swap Rate means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Maturity Value means the Accreted Value of any Capital Appreciation Bond on its maturity date.

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

  • Springing Maturity Date has the meaning specified in the definition of “Maturity Date”.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Final Maturity has the meaning specified in Section 308.