Trigger Advance Rate means, for any Class of the Series 2013-VF1 Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one twelfth of the Stressed Interest Rate for such Class, plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date.
Trigger Advance Rate. For any Class or Series of Notes, as defined in the related Indenture Supplement. If an Indenture Supplement does not define a “Trigger Advance Rate,” the related Series and Classes shall have no Trigger Advance Rate.
Trigger Advance Rate means, for any Class of the Series 2016-T1 Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one-twelfth (1/12) of the weighted average interest rates for all Classes of the Series 2016-T1 Notes as of such date, plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date. There are no Derivative Accounts, Derivative Collateral Accounts, Other Advance Rate Reduction Events, Other Advance Rate Reduction Event Cure Periods or Supplemental Credit Enhancement Agreements in respect of the Series 2016-T1 Notes.
More Definitions of Trigger Advance Rate
Trigger Advance Rate means, for any Class within the Series 2013-T1 Notes, as of any date, the rate equal to (1) 100% minus (2) the product of (a) one-twelfth of the weighted average interest rates for all Classes of Series 2013-T1 Notes, as of such date plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date.
Trigger Advance Rate has the meaning assigned to such term in the Pricing Side Letter.
Trigger Advance Rate means, for the Series 2013-VF3 Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one twelfth of the Stressed Interest Rate for the Series 2013-VF3 Notes, plus the related Expense Rate as of such date, multiplied by (b) the Stressed Time for the Series 2013-VF3 Notes as of such date.
Trigger Advance Rate means, for the Series 2020-VF1 Notes, as of any date from and after the third full calendar month after the Issuance Date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the sum of the following:
Trigger Advance Rate. For any Class of Notes, as of any date, an amount equal to (i) 100% minus (ii) the product of (a) (I) the Stressed Interest Rate as of such date, plus (II) the Expense Rate as of such date and (b) the Stressed Time Percentage as of such date.
Trigger Advance Rate means, for any Class within the Series 2013-T2 Notes, as of any date, the rate equal to (1) 100% minus (2) the product of (a) one-twelfth of the weighted average interest rates for all Classes of Series 2013-T2 Notes, as of such date plus the related Expense Rate as of such date, multiplied by (b) the related Stressed Time for such Class as of such date.
Trigger Advance Rate means, for the Series 2013-VF2 Notes, as of any date, the rate equal to the greater of (x) zero and (y) (1) 100% minus (2) the product of (a) one twelfth of the Stressed Interest Rate for the Series 2013-VF2 Notes, plus the related Expense Rate as of such date, multiplied by (b) the Stressed Time for the Series 2013-VF2 Notes as of such date.