Trigger Event

Trigger Event. Has the meaning specified in subparagraph 9.05.

Trigger Event. (i) a "Trigger Event" as defined in any public asset-backed transaction, which transaction has been outstanding for twenty-four months or less from the related Funding Date or (ii) if applicable, any comparable "spread capture event" in any automobile receivables transaction conducted by any Securitization Trust, which transaction has been outstanding for twenty-four months or less from the date hereof, whether or not defined in such transaction as a "Trigger Event", and whether or not such... transaction is a public transaction. View More

Trigger Event. Means, with respect to any Funding Date, either (i) the occurrence, with respect to asset-backed securities issued within the three year period ending on such Funding Date, which are backed by automobile installment sales contracts (("receivables") (other than asset-backed securities which are backed, except for an insubstantial portion, by automobile installment sales contracts with respect to which... the Obligors thereunder, at the time of origination of such sales contracts, were residents of Canada; such securities, "Canadian Securities") and with respect to which AmeriCredit Corp. or any Affiliate of AmeriCredit Corp. is the servicer, of an "event of default" or similar event under any applicable enhancement or insurance agreement or an "amortization event", "pay-out event" or similar event under any applicable sale and servicing agreement or indenture, which event has the potential consequence, inter alia, under the related agreements of requiring the acceleration or early amortization of the 6 related securities or permitting the realization upon the receivables and/or other collateral; or (ii) the occurrence of a "trigger event", "spread capture event" or any other analogous event however denominated, with respect to asset-backed securities issued within the three year period ending on such Funding Date (other than Canadian Securities) which relate to receivables (as defined in clause (i)) and with respect to which AmeriCredit Corp. or any Affiliate of AmeriCredit Corp. is the servicer, which event is based on the performance of such receivables and has the potential consequence under the related agreements of causing the amount required to be retained in any related spread or reserve account or the level of any other enhancement to be increased. View More

Trigger Event. Means, with respect to any Converge Marketplace, the date on which Converge first implements the applicable Marketplace Protection Measures in all material respects for such Converge Marketplace. For each Converge Marketplace, Converge shall provide Vert with written notice of the date on which Converge believes a Trigger Event has occurred, which notice shall be accompanied by reasonable supporting documentation of the Marketplace Protection Measures that Converge has implemented. Said date... shall be the date of the Trigger Event for such Converge Marketplace unless Vert disputes Converge's claim thereof in writing within 10 Business Days following receipt of Converge's written notice. Said notice of dispute shall indicate with reasonable specificity the reasons for such dispute. In the event of a dispute concerning the date of a Trigger Event, the parties shall mutually agree upon an independent industry expert who shall resolve the dispute. View More

Trigger Event. In Article I of the Pooling and Servicing Agreement is hereby amended by deleting the percentage "16.00%" and replacing it with the percentage "11.00%".

Trigger Event. Shall mean the earlier to occur of (i) the consummation of a plan of reorganization pursuant to Section 1129 of the Bankruptcy Code or (ii) the consummation of one or a series of transactions pursuant to which all or substantially all of Covanta's assets are sold pursuant to Section 363 of the Bankruptcy Code.

Trigger Event. Shall be deemed to have occurred upon any Person becoming an Acquiring Person.

Trigger Event. Means the consummation of (a) any person or group (as defined in Section 13(d) of the Securities Exchange Act of 1934, as amended) other than Chatham Street Holdings LLC becoming the beneficial owner of at least a majority of the Common Stock, whether by stock purchase, merger, consolidation or otherwise, (b) a sale of all or substantially all of the assets of Parent or the Company or (c) a Qualified IPO (as defined in Certificate of Designation related to Parent's Series E Cumulative Senior... Preferred Stock). Notwithstanding the foregoing, the Vesting Date shall be accelerated to the date that is the later to occur of both (A) either a Trigger Event or the termination of a Plan Participant's employment by each of the Company or any subsidiary of the Company for any reason, or by the Plan Participant due to death or Disability, or by the Plan Participant with Good Reason (as defined in the Stock Option Agreement between the Plan Participant and WMC Finance Co.) (the "Termination") and (B) the exercise of such Option by such Plan Participant, provided that both (A) and (B) occur prior to the Vesting Date (it being understood that in the case of a partial exercise of an Option the amount of the Bonus will be reduced to an amount equal to the product of the Bonus amount otherwise payable with respect to such Option and the percentage of such Option that has been exercised). Payment of the Bonus to a Plan Participant shall be conditioned upon the prior execution and delivery of an Acknowledgement by such Plan Participant in the form attached hereto as Exhibit A. (b) Withholding Taxes. In connection with payments of any bonus pursuant to this Plan, the Company shall be entitled to withhold any amount required to be withheld in respect of applicable Federal, state and/or local tax laws, rules or regulations. View More

Trigger Event. A Trigger Event has occurred with respect to a Distribution Date if either (x) the Delinquency Percentage exceeds 44.00% of the Credit Enhancement Percentage with respect to such Distribution Date or (y) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period divided by the aggregate principal balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution... Date: Distribution Date Percentage April 2008 to March 2009 1.50%, plus 1/12 of 0.25% for each month thereafter April 2009 to March 2010 1.75%, plus 1/12 of 0.50% for each month thereafter April 2010 to March 2011 2.25%, plus 1/12 of 0.25% for each month thereafter April 2011 and thereafter 2.50% View More

Trigger Event. A Trigger Event has occurred with respect to any Distribution Date on or after the Stepdown Date if (i) the Delinquency Percentage exceeds 40% of the Credit Enhancement Percentage for such Distribution Date or (ii) the cumulative Realized Losses as a percentage of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date is greater than the percentage set forth in the following table: Range of Distribution Dates Percentage July 2006 – June 2007 2.75%* July 2007 –... June 2008 4.25%* July 2008 – June 2009 5.75%* July 2009 and thereafter 6.50% _______________ *The percentages set forth in the table above are the percentage applicable for the first Distribution Date in the corresponding range of Distribution Date. The percentage for each succeeding Distribution Date in a range increases incrementally by 1/12 of the positive difference between the percentage applicable to the first Distribution Date in that range and the percentage applicable to the first Distribution Date in the succeeding range. View More