MTM Trigger definition

MTM Trigger means, in respect of a Series of Notes, the occurrence at any time of either of the following events:
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MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has equalled or exceeded the MVA Factor, or (ii) the Net Note Value has equalled or fallen below the NAA Factor.
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MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has exceeded an amount equal to the product of the MVA Factor and the MVA, or (ii) the Net Note Value has fallen below an amount equal to the product of the NAA Factor and the Principal of the relevant Series of Notes outstanding..
Sample 1

Examples of MTM Trigger in a sentence

  • A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.

  • The valid exercise of a Noteholder Put Option (pursuant to paragraph 5(d) below) by any Noteholder shall constitute an additional Mandatory Redemption Event in respect of the Exercised Notes only and, the Issuer will redeem the Exercised Notes at their Put Redemption Amount on the Put Redemption Date.(III) A Mandatory Redemption Event pursuant to Condition 5.2(a)(iii) shall include the MTM Trigger (as defined in Additional Condition 5(a) below).

  • The Issuer shall promptly notify the Noteholder of the occurrence of an MTM Trigger Event.

  • The Noteholders are therefore exposed to market value risk on the Collateral Assets as well as the risk of an MTM Trigger Event.

  • MTM Trigger Event Upon the occurrence of an MTM Trigger Event (which, broadly, will arise if the value of the Collateral Assets less the termination value of the related swap transaction payable to the Counterparty falls below 40 per cent.

  • Also, if an MTM Trigger Event arises, the market value of the Collateral Assets is likely to be below par.

  • Such MTM Trigger Event shall be a Mandatory Redemption Event for the purposes of Condition 5.1.

  • The following Mandatory Redemption Events will not be applicable in respect of the Note: (i) MTM Trigger Event; and (ii) AR Termination Election.

  • If the Swap Counterparty serves an MTM Trigger Event Notice upon the Issuer pursuant to the CDS Swap Agreement, then the Issuer shall redeem all of the Notes at the Early Redemption Amount (as defined in paragraph 43 below) on a day which is no later than five London and TARGET Business Days, from the effective date of the MTM Trigger Event Notice.

  • Following the service of an MTM Trigger Event Notice in accordance with these provisions the Notes will be redeemed at their Early Redemption Amount.


More Definitions of MTM Trigger

MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has exceeded the MVA Factor, or (ii) the Net Note Value has fallen below the NAA Factor.
Sample 1
MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time the Net Note Value has fallen below the product of the NAA Factor and the outstanding principal amount of the Assets (including any Assets posted by the Issuer to the Swap Counterparty under the CSA but excluding any Credit Support Assets).
Sample 1Sample 2
MTM Trigger means, where any MTM Trigger Contracts are specified as such, as at any time (i) the MTM Trigger Value has exceeded the amount equal to the MVA Factor multiplied by the MVA, or(ii) the Net Note Value has fallen below the amount equal to the NAA Factor multiplied by the Principal of the Notes outstanding.MVA Factor: 50%NAA Factor: 30%(b) BIE Option Not Applicable.(c) Issuer Call Option Not Applicable.(d) Noteholder Put Option Applicable.Noteholder Put Option Period:From and including the Issue Date to and including the Maturity Date.Put Redemption Amount: Mandatory Redemption Amount subject to theAdditional Terms of Noteholder Put Option below.Put Redemption Date: Date specified by the Noteholder provided that theNoteholder provides the Issuer with written notice not less than 3 Business Days prior to such date.Additional Terms of Put Noteholder:The number of Notes which may be redeemed in any given day pursuant to the exercise of a Noteholder Put Option is limited to a maximum of 1000 whole Notes. In the event that a Noteholder Put Option is exercised in respect of more than 1000 whole Notes on any Put Redemption Date, the Calculation Agent shall in its absolute discretiondetermine which 1000 whole Notes are to be redeemed and shall return the remainder to their holders. A Noteholder Put Option shall be deemed not to have been exercised in respect of any Notes so returned.(e) TTA Option Not Applicable. 6 Security
Sample 1

Related to MTM Trigger

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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%.

  • 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”.

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

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

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

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

  • 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.

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • Derivative Provider Trigger Event means (i) an Event of Default with respect to which Party A is a Defaulting Party, (ii) a Termination Event with respect to which Party A is the sole Affected Party or (iii) an Additional Termination Event with respect to which Party A is the sole Affected Party.

  • Moody’s Second 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 “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have 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 “A3”.

  • 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.

  • Company Triggering Event means: (i) the failure of the Board of Directors of the Company to recommend that the Company's stockholders vote to adopt this Agreement, or the withdrawal or modification of the Company Board Recommendation in a manner adverse to Parent, or the Board of Directors shall have taken any other action that is or becomes disclosed publicly or to a third party, which indicates that the Board of Directors of the Company does not support the Merger or does not believe that the Merger is in the best interests of the Company's stockholders; (ii) the Company shall have failed to include in the Proxy Statement the Company Board Recommendation or a statement to the effect that the Board of Directors of the Company has determined and believes that the Merger is in the best interests of the Company's stockholders; (iii) an Acquisition Proposal is publicly announced and the Board of Directors of the Company fails to reaffirm without qualification the Company Board Recommendation, or fails to publicly state without qualification, that the Merger is in the best interests of the Company's stockholders, within five business days after Parent requests in writing that such action be taken; (iv) the Board of Directors of the Company shall have approved, endorsed or recommended any Acquisition Proposal; (v) the Company shall have failed to comply with Section 5.04 in any material respect; (vi) a tender or exchange offer relating to securities of the Company shall have been commenced and the Company shall not have sent to its securityholders, within ten business days after the commencement of such tender or exchange offer, a statement disclosing that the Board of Directors recommends rejection of such tender or exchange offer; (vii) an Acquisition Proposal is publicly announced, and the Company fails to issue a press release announcing its opposition to such Acquisition Proposal within ten business days after such Acquisition Proposal is announced; or (viii) either the Company or any of its subsidiaries or any their Representatives shall have breached any of the provisions set forth in Section 5.04 (in any material respect) or Section 6.15.

  • 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.

  • 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%

  • Voting Rights Triggering Event means the failure of the Company to pay dividends on the Preferred Stock with respect to six or more quarterly periods (whether or not consecutive).

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

  • Prepayment Distribution Trigger With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

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

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