Seniority Level definition

Seniority Level means, with respect to an obligation of the Reference Entity:
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Seniority Level means Senior Level.
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Seniority Level means, with respect to an obligation of the Reference Entity, (i) “Senior Level” or “Subordinated Level” as specified in the relevant Pricing Supplement, or (ii) if no such seniority level is specified in the relevant Pricing Supplement, “Senior Level” if the Original Non-Standard Reference Obligation is a Senior Obligation or “Subordinated Level” if the Original Non-Standard Reference Obligation is a Subordinated Obligation, failing which (iii) “Senior Level”.
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Examples of Seniority Level in a sentence

  • If the Standard Reference Obligation is removed from the SRO List, such obligation shall cease to be the Reference Obligation and the Calculation Agent will select as a substitute Reference Obligation any Deliverable Obligation with the same level of seniority as the relevant Seniority Level.

  • Standard Reference Obligation means the obligation of the Reference Entity with the relevant Seniority Level which is specified from time to time on the SRO List.

  • The Credit Event Backstop Date shall not be subject to adjustment in accordance with any Business Day Convention.”.Obligation: Seniority Level: Senior.

  • If an Auction Cancellation Event occurs in respect of a Seniority Level, subsections (b), (c)(ii) and (d) above shall be rescinded and have no further effect.

  • SUBSTITUTE REFERENCE OBLIGATIONS With respect to a Standard Reference Obligation, if the Standard Reference Obligation is removed from the SRO List, such obligation shall cease to be the Reference Obligation and the Calculation Agent will select as a substitute Reference Obligation any Deliverable Obligation with the same level of seniority as the relevant Seniority Level.

  • Reference Entity: Lloyds Banking Group PLC Financial Reference Entity Terms: Applicable Standard Reference Obligation: Applicable Seniority Level: Senior Level Reference Obligation: The obligation identified as follows: Primary Obligor: Lloyds Banking Group PLC Guarantor: Not Applicable Maturity: 6 July 2021Coupon: 3.10 per cent.

  • In addition, the Calculation Agent (i) may replace the Reference Obligation with any further Deliverable Obligation with the same level of seniority as the relevant Seniority Level from time to time and (ii) if a new obligation is placed on the SRO List in respect of the relevant Reference Entity, then the Calculation Agent may, but is not obliged to, select the new Standard Reference Obligation in respect of the Reference Entity as the Reference Obligation.

  • Seniority Level means, with respect to an obligation of a Reference Entity (a) "Senior Level" or "Subordinated Level" as specified in these Terms and Conditions, or (b) if no such seniority level is specified in these Terms and Conditions, "Senior Level".

  • The Seniority Level of the Reference Obligation (as specified in the Pricing Supplement) is also taken into account in determining the application of the “Not Subordinated” Obligation Characteristic and Deliverable Obligation Characteristic.

  • In addition, (i) the Calculation Agent may replace the Reference Obligation with any further Deliverable Obligation with the same level of seniority as the relevant Seniority Level from time to time and(ii) if a new obligation is placed on the SRO List in respect of the relevant Reference Entity, then the Calculation Agent may, but is not obliged to, select the new Standard Reference Obligation in respect of the Reference Entity as the Reference Obligation.


More Definitions of Seniority Level

Seniority Level means, with respect to an obligation of the Reference Entity, (a) "Senior Level" or "Subordinated Level" as specified in respect of the Reference Entity, or (b) if no such seniority level is specified in respect of the Reference Entity, "Senior Level" if the Original Non-Standard Reference Obligation is a Senior Obligation or "Subordinated Level" if the Original Non-Standard Reference Obligation is a Subordinated Obligation, failing which (c) "Senior Level".
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Seniority Level means, with respect to an obligation of the Reference Entity, (a) "Senior Level" or "Subordinated Level" as specified in respect of the Reference Entity, or
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Seniority Level means either Senior or Subordinate, as applicable.
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Related to Seniority Level

  • Severity Level means the actual impact of a Defect on a user’s operational environment as further described in the table below.

  • Barrier Level means the Barrier Level as specified in § 1 of the Product and Underlying Data.

  • Seniority means length of service with the Employer.

  • RBC level means an insurer's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC where:

  • Classification Seniority is defined as the length of service in a specific job classification within the bargaining unit, beginning with the date an employee starts to serve a probationary appointment. Classification Seniority shall be interrupted only by separation because of resignation, discharge for just cause, failure to return upon expiration of a leave of absence, failure to respond to a recall from layoff, or retirement.

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Mid-level practitioner means a certified nurse-midwife engaging in the independent practice of midwifery under the independent practice of midwifery act, an advanced practice registered nurse issued a license pursuant to K.S.A. 65-1131, and amendments thereto, who has authority to prescribe drugs pursuant to a written protocol with a responsible physician under K.S.A. 65-1130, and amendments thereto, or a physician assistant licensed under the physician assistant licensure act who has authority to prescribe drugs pursuant to a written agreement with a supervising physician under K.S.A. 65-28a08, and amendments thereto.

  • Seniority Date The date on which a Participant has:

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Poverty level means the annual family income for a family unit of a particular size, as specified in the poverty guidelines updated annually in the Federal Register by the U.S. Department of Health and Human Services.

  • Latest Level means, in respect of an Inflation Index, the latest level of such Inflation Index (excluding any "flash" estimates) published or announced by the relevant Inflation Index Sponsor prior to the month in respect of which the Substitute Index Level is being determined.

  • Licensed Level means a) when referenced in the context of a Named User, the quantity of Metric for which each individual Named User category and type is licensed -and- b) when referenced in the context of a Package, the quantity of Metric for which each individual Package is licensed; and

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.

  • Floor Level means that stage of construction which in the completed building would constitute the walking surface of the particular floor level referred to in the table of payments.

  • Strike Level means the Strike Level as specified in § 1 of the Product and Underlying Data.

  • Elevated blood lead level means a level of lead in blood that is any of the following:

  • Base Level means the following amounts plus the percentage

  • Mean Sea Level means the average height of the sea for all stages of the tide. It is used as a reference for establishing various elevations within the floodplain. For the purposes of this Ordinance, the term is synonymous with the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, to which Base Flood Elevations shown on a community's Flood Insurance Rate Map are referenced.

  • Maximum contaminant level goal or “MCLG” means the maximum level of a contaminant in drinking water at which no known or anticipated adverse effect on the health of persons would occur, and which allows an adequate margin of safety. MCLGs are nonenforceable health goals.

  • Final Level means, in respect of the Index, the Closing Level on the Final Valuation Date, provided that, if the Final Valuation Date is not an Exchange Business Day, then the Final Level will be determined on the immediately preceding

  • Order Level means the price indicated in the Order.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Trigger Level means with respect to an Index, the level specified as such in Annex 1 with respect to such Index

  • Initial Level means, in respect of an Index, the level specified as such in the applicable Issue Terms.