Payment Trigger Date is the first day of the seventh month following the month in which you cease to be a Full-Time Student;
Payment Trigger Date means the date on which you must begin repayment of your Outstanding Loan Balance.
Payment Trigger Date generally means the Date of Termination; provided, however, that in the event of a termination of the Executive’s employment before, but in connection with, a Change in Control, it means the date of the Change in Control.
Examples of Payment Trigger Date in a sentence
INDIAN HARBOR shall pay $75,600,000 (the “Settlement Amount”), to be held in trust by XXXXX through the class action administrator approved in the Underlying Lawsuit (the “Administrator”) within 21 calendar days after the Payment Trigger Date.
More Definitions of Payment Trigger Date
Payment Trigger Date means the later of January 1, 2001, or the Termination Date.
Payment Trigger Date. Any Distribution Date on which (i) the Class Principal Balances of the Group I Certificates, Group II Certificates, Group III Certificates or Group IV Certificates have been reduced to zero and (ii) either (a) the Aggregate Subordination Percentage is less than 200% times the Aggregate Subordination Percentage as of the Closing Date, or (b) the mean aggregate Principal Balance of the Loans (including Loans in bankruptcy, foreclosure and REO) which are 60 or more days delinquent for each of the immediately preceding six calendar months is greater than 50% of the Aggregate Subordination Amount for such Distribution Date.
Payment Trigger Date means the date when all of the following events have occurred: (a) the Agreement has been executed by all Parties; (b) INDIAN HARBOR receives a W-9 and wire information for the Administrator to which the Settlement Amount is to be paid; and (c) the court in the Underlying Lawsuit enters an Approval Order as specified in section 4 and the order becomes final. The Approval Order becomes “final” for purposes of this Agreement when the later of the following events occurs: (1) in the event there are no objections to the motion for distribution approval, the day the court issues an order granting approval; (2) in the event an objection to the motion for distribution approval is made, the period for filing any appeal, writ, or other appellate proceeding opposing the Approval Order has elapsed without any appeal, writ, or other appellate proceeding having been filed; (3) any appeal, writ, or other appellate proceeding opposing the Approval Order has been dismissed finally and conclusively with no right by any appellant or objector to pursue further remedies or relief; or (4) any appeal, writ, or other appellate proceeding has upheld the Approval Order with no right by any appellant or objector to pursue further remedies or relief. In this regard, it is the intention of the Parties that the Agreement shall not require payment until the court’s Approval Order is completely final, and there is no further recourse by an appellant or objector who seeks to contest the Approval Order. The occurrence of the Payment Trigger Date is a prerequisite to any obligation of INDIAN HARBOR to pay the Settlement Amount.
Payment Trigger Date means each Minor Transaction Payment Trigger Date and Major Transaction Payment Trigger Date.
Payment Trigger Date means the earlier of: (a) the date on which a Change in Control is consummated or (b) March 31, 2008.
Payment Trigger Date means the later of June 30, 2001, or the Termination Date.
Payment Trigger Date has the meaning set forth in Section 9(d)(i).