Trigger Event definition

Trigger Event shall have the meaning specified in Section 14.04(c).

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Trigger Event. A Trigger Event is in effect with respect to any Distribution Date on or after the Stepdown Date if:

Trigger Event. Either a Cumulative Loss Trigger Event or a Delinquency Trigger Event.

Examples of Trigger Event in a sentence

• The Indenture Trustee shall record the written notifications received from Noteholders during such 90 day period as they relate to each identified Delinquency Trigger Event.

• Upon disclosure of the occurrence of a Delinquency Trigger Event in the Monthly Noteholders’ Statement relating to the Monthly Period when the Delinquency Trigger Event occurred, Noteholders shall have 90 days from the date of such disclosure to determine whether or not to initiate a vote.

• The vote as to whether or not to undertake an ARR Review shall be completed within 150 days of disclosure in the Monthly Noteholders’ Statement of the occurrence of a Delinquency Trigger Event.

• In order to initiate a vote, during such 90 day period Noteholders must send written notification to the Indenture Trustee indicating that in light of the occurrence of a Delinquency Trigger Event (such Delinquency Trigger Event to be specified in such written notification) they are in favor of initiating a vote with respect to such specified Delinquency Trigger Event to determine whether or not to direct the Asset Representations Reviewer to undertake an ARR Review.

More Definitions of Trigger Event

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 has the meaning specified in Section 12.4(d) hereof.

Trigger Event has the meaning specified in Section 4.04(c).

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.

Trigger Event means any of the following events:

Trigger Event shall have the meaning specified in Section 9.04(c).

Trigger Event. As defined in Section 8.03.