Examples of Trigger Events in a sentence
Together with such monthly remittance advice, the Servicer shall furnish to the Master Servicer and the NIMS Insurer a report setting forth a calculation of each of the Trigger Events set forth in Section 8.03 relating to the period ending on the last day of the preceding calendar month.
Such Trigger Events can be the drop of the issuer's capital level below certain thresholds.
For the avoidance of doubt, curing the breaches will not undo the occurrence of the Trigger Events or restore Company’s right to early redemption, and the foregoing does not apply to and shall have no effect with regard to any breaches or defaults that may occur or continue after such dates.
The following shall constitute remedies to the Trigger Events (each a "Trigger Event Remedy").
The occurrence of a Trigger Event referred to in Paragraph 4 (Drawdown on Liquidity Facilities) of Part 1 (Trigger Events) of this Schedule 3 will be remedied if the aggregate balance drawn down (other than by way of Standby Drawings) under the Issuer Liquidity Facilities or the Borrower Liquidity Facilities, as the case may be, is restored to zero.