Trigger Rate definition

Trigger Rate means, as to any Guarantor, such Guarantor's default rate as defined in Section 428(c)(1)(B) of the Higher Education Act.

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Trigger Rate means, for each calendar ------------ year falling in whole or in part within the Loan Term, the per annum rate of interest set forth on Schedule 1 to this Agreement (which has been calculated in accordance with Schedule 2 to this Agreement), as such rate may from time to time be modified in accordance with Section 4.04 of this Agreement.

Trigger Rate means the rate per annum (expressed as a percentage) specified in, or determined in accordance with the provisions in, the Final Terms or Pricing Supplement, as the case may be.

Examples of Trigger Rate in a sentence

• The Servicer or the Transferor shall, on behalf of the Trust, disclose the Delinquency Trigger Rate, as adjusted, in the distribution report on Form 10-D for the distribution period in which the adjustment occurs, which report shall also include a description of how the adjusted Delinquency Trigger Rate was determined to be appropriate.

• In the case of a review undertaken upon the occurrence of any event described in clause (ii) of subsection 15.01(b), the Transferor may increase or decrease the Delinquency Trigger Rate by any amount it reasonably determines to be appropriate as a result of the related change in law or regulation.

• On the Determination Date: (a) if EUR/USD Spot Rate on the Determination Date is lower than or equal to the Trigger Rate, then 3.20% A/360; (b) If EUR/USD Spot Rate on the Determination Date is higher than the Trigger Rate, then 1.10% A/360.

• In the case of a review undertaken upon the occurrence of any event described in clause (ii) of Section 14.01(b), the Seller may increase or decrease the Delinquency Trigger Rate by any amount it reasonably determines to be appropriate as a result of the related change in law or regulation.

• The Servicer or the Seller shall, on behalf of the Trust, disclose the Delinquency Trigger Rate, as adjusted, in the distribution report on Form 10-D for the distribution period in which the adjustment occurs, which report shall also include a description of how the adjusted Delinquency Trigger Rate was determined to be appropriate.

More Definitions of Trigger Rate

Trigger Rate means an IRR equal to the amount set forth at Section 1.1(1) of the STAR Technical Schedule.

Trigger Rate means, with respect to the Benchmark Rate referred to in clause (i) of the definition thereof, 10.25% and, with respect to the Benchmark Rate referred to in clause (ii) of the definition thereof, 9.5%.

Trigger Rate has the meaning set forth in Section 2.5(a).

Trigger Rate means the rate per annum (expressed as a percentage) specified in, or determined in accordance with the provisions in, the Final Terms.

Trigger Rate has the meaning set forth in Section 3.2. "Trigger Rate Loans" has the meaning set forth in Section 3.2.

Trigger Rate shall have the applicable meaning assigned to such term in the Indenture as in effect on the date hereof.

Trigger Rate means the rate equal to 0.75% per annum.