Sequential Payment Trigger definition

Sequential Payment Trigger means, with respect to any Distribution Date, the percentage set forth in Schedule C.
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Sequential Payment Trigger has the meaning specified in the Indenture.
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Sequential Payment Trigger means the first to occur of the following:
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Examples of Sequential Payment Trigger in a sentence

  • SB-1 Schedule C Sequential Payment Trigger Percentages...................


More Definitions of Sequential Payment Trigger

Sequential Payment Trigger means, with respect to a Distribution Date, the percentage listed below for that Distribution Date.
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Sequential Payment Trigger means the first to occur of:
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Sequential Payment Trigger means, with respect to a Distribution Date, the percentage listed below for that Distribution Date. Sequential Payment Sequential Distribution Date Trigger Distribution Date Payment Trigger ----------------- ------- ----------------- --------------- January 2006 0.50% May 2007 1.00% February 2006 0.50% June 2007 1.00% March 2006 0.50% July 2007 1.50% April 2006 0.50% August 2007 1.50% May 2006 0.50% September 2007 1.50% June 2006 0.50% October 2007 1.50% July 2006 0.75% November 2007 1.50% August 2006 0.75% December 2007 1.50% September 2006 0.75% January 2008 2.10% October 2006 0.75% February 2008 2.10% November 2006 0.75% March 2008 2.10% December 2006 0.75% April 2008 2.10% January 2007 1.00% May 2008 2.10% February 2007 1.00% June 2008 2.10% March 2007 1.00% On and after July 2008 2.50% April 2007 1.00%
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Sequential Payment Trigger means, with respect to a Distribution Date, the percentage listed below for that Distribution Date. Sequential Payment Sequential Distribution Date Trigger Distribution Date Payment Trigger ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% ________ 20__ ____% On and after ____ 20__ ____% ________ 20__ ____%
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Related to Sequential Payment Trigger

  • 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.

  • Sequential Pay Event means any Event of Default with respect to an obligation to pay money due under the Mortgage Loan, any other Event of Default for which the Mortgage Loan is actually accelerated or any other Event of Default which causes the Mortgage Loan to become a Specially Serviced Loan, or any bankruptcy or insolvency event that constitutes an Event of Default; provided, however, that unless the Servicer has notice or knowledge of such event at least ten (10) Business Days prior to the applicable distribution date, distributions will be made sequentially beginning on the subsequent distribution date; provided, further, that the aforementioned requirement of notice or knowledge will not apply in the case of distribution of the final proceeds of a liquidation or final disposition of the Mortgage Loan. A Sequential Pay Event shall no longer exist to the extent it has been cured (including any cure payment made by the Note B Holder in accordance with Section 11) and shall not be deemed to exist to the extent the Note B Holder is exercising its cure rights under Section 11 or the default that led to the occurrence of such Sequential Pay Event has otherwise been cured or waived.

  • Shared Loss Payment Trigger means when the sum of the Cumulative Loss Amount under this Single Family Shared-Loss Agreement and the Shared-Loss Amount under the Commercial and Other Assets Shared-Loss Agreement, exceeds the First Loss Tranche. If the First Loss Tranche is zero or a negative number, the Shared Loss Payment Trigger shall be deemed to have been reached upon Bank Closing.

  • 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.

  • 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.