Definition of Portfolio Performance Event of Termination

  1. Portfolio Performance Event of Termination means the occurrence and continuation of any one of the following events (in each case the first calculation shall be delivered following the first Reporting Date following the first Loan made hereunder and compliance herewith shall not be required until such time) determined as of the last day of each calendar month:

Definition of Portfolio Performance Event of Termination in Loan and Servicing Agreement

Portfolio Performance Event of Termination means the occurrence and continuation of any one of the following events (in each case the first calculation shall be delivered following the first Reporting Date following the first Loan made hereunder and compliance herewith shall not be required until such time) determined as of the last day of each calendar month: