Trigger Event definition

Trigger Event shall have the meaning specified in Section 14.04(c).
Trigger Event. A Trigger Event is in effect with respect to any Distribution Date on or after the Stepdown Date if:

Examples of Trigger Event in a sentence

The occurrence of a Trigger Event and the Trigger Redemption Price shall be determined in accordance with the definitions "Trigger Event" and "Trigger Redemption Price" set forth in subsection B.2 of Section 1.1.Jedes Komplexe Produkt, das nicht bereits zuvor zurückgezahlt, zurückgekauft oder entwertet wurde, wird nach Eintritt eines Triggerereignisses an einem Trigger-Beobachtungstag von der Emittentin an dem betreffenden Trigger- Rückzahlungstag zum jeweiligen Trigger-Rückzahlungsbetrag zurückgezahlt.

Unless previously redeemed, repurchased or cancelled, upon the occurrence of a Trigger Event on any Trigger Observation Date, the Issuer shall redeem each Complex Product on the relevant Trigger Redemption Date at the relevant Trigger Redemption Price.

A Trigger Event occurs if the Final Stock Price (i.e., the arithmetic average of the closing prices of one share of the Reference Stock on the Ending Averaging Dates) is less than the Trigger Level.

In the event the Issuer is determined to be a "commodity pool" and Fannie Mae does not elect to designate a CAA Early Termination Event in respect of any resulting CAA Trigger Event, the Indenture Trustee will be directed under the Indenture to take reasonable steps to assist Fannie Mae in satisfying any requirements that arise from such a determination and to notify the Noteholders of such steps.

B.2 Early Redemption B.2 Vorzeitige Rückzahlung Trigger Redemption Unless previously redeemed, repurchased or cancelled, upon the occurrence of a Trigger Event on any Trigger Observation Date, the Issuer shall redeem the Complex Products on the relevant Trigger Redemption Date at the relevant Trigger Redemption Price.


More Definitions of Trigger Event

Trigger Event. With respect to any Distribution Date on or after the Stepdown Date, either a Delinquency Trigger Event with respect to that Distribution Date or a Cumulative Loss Trigger Event with respect to that Distribution Date.
Trigger Event. A Trigger Event shall have occurred with respect to any Distribution Date if either a Delinquency Event or a Cumulative Loss Trigger Event is in effect for such Distribution Date.
Trigger Event. A Trigger Event has occurred with respect to any Distribution Date on or after the Stepdown Date if (i) the Delinquency Percentage exceeds 33.50% of the Senior Enhancement Percentage for such Distribution Date or (ii) the cumulative Realized Losses (after reduction for all Subsequent Recoveries received through the end of the related Due Period) as a percentage of the original aggregate Stated Principal Balance of the Mortgage Loans as of the Closing Date is greater than the percentage set forth in the following table: Range of Distribution Dates Percentage January 2008 – December 2008 1.75% January 2009 – December 2009 3.25% January 2010 – December 2010 5.25% January 2011 – December 2011 6.75% January 2012 and thereafter 7.50% The percentages set forth in the table above are the percentages applicable for the first Distribution Date in the corresponding range of Distribution Dates. The percentage for each succeeding Distribution Date in a range increases incrementally by 1/12 of the positive difference between the percentage applicable to the first Distribution Date in that range and the percentage applicable to the first Distribution Date in the succeeding range.
Trigger Event has the meaning specified in Section 15.05(d).
Trigger Event. With respect to any Distribution Date, a Trigger Event exists if (i) on such Distribution Date the quotient (expressed as a percentage) of (x) the rolling three month average of the aggregate unpaid principal balances of 60+ Day Delinquent Mortgage Loans, and (y) the unpaid principal balance of the Mortgage Loans equals or exceeds 40% of the prior period's Senior Enhancement Percentage or (ii) the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Principal Prepayment Period and (y) the Cut-off Date Pool Principal Balance exceeds the applicable percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Loss Percentage ------------------------------ --------------- August 2007 - July 2008 1.000% for the first month, plus an additional 1/12th of 0.250% for each month thereafter (e.g., approximately 1.042% in September 2007) August 2008 - July 2009 1.500% for the first month, plus an additional 1/12th of 0.250% for each month thereafter (e.g., approximately 1.521% in September 2008) August 2009 - July 2010 1.750% for the first month, plus an additional 1/12th of 0.150% for each month thereafter (e.g., approximately 1.771% in September 2009) August 2010 and thereafter 2.000% Trust: The express trust created hereunder in Section 2.01(c).
Trigger Event. As defined in Section 8.03.
Trigger Event means, on any distribution date while any of the class A notes are outstanding, that the outstanding principal balance of the notes, less any amounts (exclusive of investment earnings) on deposit in any accumulation account, after giving effect to distributions to be made on that distribution date, would exceed the Adjusted Pool Balance as of the end of the related collection period.