Portfolio Trigger Event means if at any time the sum of the Principal Outstanding Balance, as at any Calculation Date, of all Loans which are in arrears by not less than three and up to twelve months exceeds 4.50 per cent. of the Principal Outstanding Balance of the Mortgage Backed Credit Portfolio as at the Portfolio Determination Date;

Portfolio Trigger Event means the occurrence of a "trigger event" or any ----------------------- other event however denominated, with respect to securities issued on or after April 1, 1998, which are backed by automobile installment sales contracts ("receivables") and with respect to which AFS or any Affiliate of AFS is the servicer, which event is based on the performance of such receivables and has the potential consequence under the related agreements of causing the amount required to be retained in any related spread or reserve account or the level of any other enhancement to be increased.

Examples of Portfolio Trigger Event in a sentence

The Reserve Fund Required Amount will be A5,600,000 prior to the Portfolio Trigger Event.
The Reserve Fund Required Amount will be A5,850,000 prior to the Portfolio Trigger Event.

More Definitions of Portfolio Trigger Event

Portfolio Trigger Event means, with respect to any date, the ----------------------- occurrence of a "trigger event" or any other analogous event however denominated, with respect to securities issued within the three year period ending on such date which are backed by automobile installment sales contracts ("receivables") (other than securities which are backed, except for an insubstantial portion, by automobile installment sales contracts with respect to which the Obligors thereunder, at the time of origination of such sales contracts, were residents of Canada) and with respect to which AmeriCredit or any Affiliate of AmeriCredit is the servicer, which event is based on the performance of such receivables and has the potential consequence under the related agreements of causing the amount required to be retained in any related spread or reserve account or the level of any other enhancement to be increased.

Portfolio Trigger Event means the occurrence of a "trigger event" or any other event however denominated, with respect to securities issued on or after June 1, 1998 which are backed by automobile installment sales contracts ("receivables") and with respect to which AFL or any Affiliate of AFL is the servicer, which event is based on the performance of such receivables and has the potential consequence under the related agreements of causing the amount required to be retained in any related spread or reserve account or the level of any other enhancement to be increased.

Portfolio Trigger Event. The date "April 1, 1998" appearing in such ----------------------- definition shall be changed to "March 27, 1999".

Portfolio Trigger Event means the occurrence of a "trigger event" or any other event however denominated, with respect to the issuance of securities, which are backed by automobile installment sales contracts ("receivables") and with respect to which MFN or any Affiliate of MFN is the servicer, which event is based on the performance of such receivables and has the potential consequence under the related agreements of causing the amount required to be retained in any related spread or reserve account or the level of any other enhancement to be increased.

Portfolio Trigger Event means as of any Remittance/Funding Date or other date of determination, any or all of the events set forth on Exhibit 1-B has occurred.

Portfolio Trigger Event means, in respect of a Notes Payment Date, the occurrence of any of the following events:

Portfolio Trigger Event means an event that will be deemed to have occurred if on any Interest Payment Date the sum of the Aggregate Principal Outstanding Balance, as at the immediately preceding Calculation Date, of all Mortgage Loans which are in arrears by not less than 90 days and up to twelve months as of that Calculation Date is greater than 5 per cent. of the Aggregate Principal Outstanding Balance of the Mortgage Loans on the Initial Collateral Determination Date;