Tier 1 Collateral Performance Trigger definition
Tier 1 Collateral Performance Trigger means the breach of any of the collateral performance tests set forth on Appendix E-1 as of any Reporting Date.
Tier 1 Collateral Performance Trigger means the Loan Receivable Quality Ratio is equal to or greater than 14.25% as of the last day of any calendar month, but the Tier 2 Collateral Performance Trigger has not occurred.
Tier 1 Collateral Performance Trigger means the breach of any of the collateral performance tests set forth on Appendix E-1 as of any Reporting
Examples of Tier 1 Collateral Performance Trigger in a sentence
With respect to any Borrowing Base Deficiency resulting solely from the reduction of the Maximum Advance Rate following the occurrence of a Tier 1 Collateral Performance Trigger, the Borrower may, within thirty (30) days of the date on which the Maximum Advance Rate was reduced, pledge additional Eligible Receivables to the Collateral Agent and/or prepay the Loans in an aggregate amount up to the amount necessary to cure such Borrowing Base Deficiency.