Above Average definition
Above Average to "Below Average" or the equivalent) of the servicer rating, as of the Closing Date, of the Servicer by any Rating Agency which results in a downgrade, qualification or withdrawal of the rating assigned to any Class of Certificates by any Rating Agency. If an Event of Default described in clauses (a) through (h) of this Section 7.01 shall occur, then, and in each and every such case, so long as such Event of Default shall not have been remedied, the Trustee may, and at the direction of a majority of the Voting Rights the Trustee shall, by notice in writing to the Servicer (with a copy to each Rating Agency), terminate all of the rights and obligations of the Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof, other than its rights as a Certificateholder hereunder; provided, however, that the Trustee shall not be required to give written notice to the Servicer of the occurrence of an Event of Default described in clauses (b) through (e), (g) and (h) of this Section 7.01 unless and until a Responsible Officer of the Trustee has actual knowledge of the occurrence of such an event. In the event that a Responsible Officer of the Trustee has actual knowledge of the occurrence of an event of default described in clause (a) or (f) of this Section 7.01, the Trustee shall give written notice to the Servicer of the occurrence of such an event within one Business Day of the first day on which such Responsible Officer obtains actual knowledge of such occurrence; provided, that if such failure is the failure to make a P&I Advance, the Trustee shall send such notice prior to 12:00 noon New York time on the Distribution Date and, if the Event of Default of the Servicer was the failure to make a P&I Advance, the Trustee, as successor Servicer, shall make such P&I Advance on the Distribution Date that such notice was delivered. On and after the receipt by the Servicer of such written notice, all authority and power of the Servicer hereunder, whether with respect to the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee. Subject to Section 7.02, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mor...
Above Average means an average overall score of 4 in the rating category - Physical plant inspections, Project Reports submissions, or Management and Occupancy Reviews. Physical plant inspections, and Management Occupancy Reviews are scored on the following scale: 1- Unsatisfactory, 2 – Below Average, 3 – Average, 4 – Above Average, and 5 – Superior. Project Reports submissions are scored as 5-Timely Submission and 1-Late Submission for each required submission report – Audited Financial Review (AFR), Budget, and Owner Certification of Continued Compliance.
Above Average is a score that is greater than one standard deviation above the numeric average of all PARTICIPATING MEDICAL GROUP scorecard scores.
Examples of Above Average in a sentence
Counselors who meet Average, Above Average, and Most Effective levels of student growth must develop a professional growth plan.
Over and Above Average Repair / Overhaul / Upgrade Seller is hereby given notice that all proposed pricing, when considered for repair award, shall be issued as Firm Fixed Price.
Data from Board-determined multiple measures of student growth will be converted to a score of: Most Effective (5); Above Average (4); Average (3); Approaching Average (2); or Least Effective (1).
Under no circumstances can the Above Average Usage Benefit exceed Five Hundred Dollars ($500.00) per Valid Claim.
If a bargaining unit member receives an Above Average, Average, or Approaching Average rating on their final summative rating, he/she will, in collaboration with their evaluator, create their growth plan.
More Definitions of Above Average
Above Average. The ability to accept substantial volatility . Capital growth potential is important . High: The ability to accept very substantial volatility . Maximum capital growth potential is most important . Secure: The safety and security of the investments is the highest priority . An investor is willing to accept a lower rate of return in exchange for predictable earnings, and may require only modest income from the investments .
Above Average by Standard and Poor’s and “RPS2” by Fitch, Inc. Any certificate signed by an officer of any Company or any Guarantor and delivered to the Representatives or to counsel for the Underwriters shall be deemed to be a representation and warranty by the Companies or such Guarantor, jointly and severally, to each Underwriter as to the matters set forth therein.
Above Average by Standard and Poor’s and “RPS2” by Fitch, Inc.
Above Average by Standard and Poor’s and “RPS2” by Fitch, Inc. Any certificate signed by any officer of any Company or any Guarantor and delivered to the Representatives or counsel to the Initial Purchasers in connection with the offering of the Notes shall be deemed a representation and warranty by the Companies or such Guarantor, jointly and severally, as to matters covered thereby, to each Initial Purchaser.
Above Average. The overall condition is above that consistent with dwellings of approximately the same age and construction. Most items and areas are well maintained and show a high standard of workmanship when compared with buildings of a similar age and construction.
Above Average or higher or has a credit rating of “A-” or higher by Standard & Poor’s and (y) “SQ2” or higher or has a credit rating of “A3” or higher by Moody’s and (2) does not meet the ratings requirements of clause (A), the Aggregate Principal Balance of all Pledged Collateral Debt Securities serviced by such Servicer does not exceed 15.0% of the Net Outstanding Portfolio Collateral Balance; or
Above Average means the overall condition is above that consistent with dwellings of approximately the same age and construction. Most items and areas are well maintained and show a reasonable standard of workmanship when compared with buildings of a similar age and construction.