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:
Trigger Event. Either a Cumulative Loss Trigger Event or a Delinquency Trigger Event.
Examples of Trigger Event in a sentence
The new monthly payment obligations set forth herein shall supersede the payment obligations upon a Trigger Event under the Existing Notes, and any previous payment that has come due and not timely made shall be deemed to be cured.
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 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 has the meaning specified in Section 12.4(d) hereof.
Trigger Event has the meaning specified in Section 4.04(c).
Trigger Event has the meaning set forth in Section 5.05(a)(iv).
Trigger Event. As defined in Section 8.03.
Trigger Event means any of the following: