Confidence Level Trigger Event
Confidence Level Trigger Event. Means the failure of 10 percent or more of the railcars used by the Sellers and the Canadian Originator for the delivery of goods under Contracts to arrive at the related Obligor's destination by the related Destination Sale Transfer Date as set forth in the most recent table of average travel times provided by the Master Servicer for the preceding three calendar months, as reported on a monthly basis in accordance with the Servicing Agreement.
All Definitions
Found in
Bunge LTD contract