Class 2 definition

Class 2. A-1 Certificates and Class 1-X Component 2. Group 2 Certificates................ Group 2 Senior Certificates and the Subordinated Component related to Loan Group 2.

Class 2 means, at any time, all Class 2 Loans at such time.

Class 2. A-2, Class 3-A-8 and Class 3-A-9 Certificates. LIBOR Certificates..........................Floating Rate Certificates and Inverse Floating Rate Certificates.

Examples of Class 2 in a sentence

• The contractor certifies in accordance with 30 ILCS 500/50-10.5 that no officer, director, partner or other managerial agent of the contracting business has been convicted of a felony under the Sarbanes-Oxley Act of 2002 or a Class 3 or Class 2 felony under the Illinois Securities Law of 1953 for a period of five years prior to the date of the bid or contract.

• A violation of Section 33E-4 would be represented by a conviction of the crime of bid-rotating which, in addition to Class 2 felony sentencing, provides that any person convicted of this offense or any similar offense of any state or the United States which contains the same elements as this offense shall be permanently barred from contracting with any unit of State or local government.

• A bunk that allows for a horizontal sleeping position but is not a seat and does not qualify as a Class 1 rest facility is regarded as a Class 2 rest facility.

• The corresponding hoop stress may not exceed 72 percent of the SMYS of the pipe in Class 2 locations, 60 per- cent of SMYS in Class 3 locations, or 50 percent of SMYS in Class 4 locations.

• Step 9: Based on the Facilities for which a preliminary Network Access Quantity has been determined under all prior steps (except for any facilities that were not selected due to the preliminary Network Access Quantity determined for the Facility being less than the Minimum Capacity Credits Quantity for the Facility as specified under clause 4.14.1D), determine if there is a shortfall for Availability Class 2.

More Definitions of Class 2

Class 2 means motor caravans falling within classifications L(a) and L(b); motor vehicles with at least four wheels, used for the carriage of passengers falling within classifications M1(a) and M1(b); and motor vehicles with at least four wheels used for the carriage of goods falling within classifications N1(a) and N1(b). “Class M1(a)” – A motor vehicle which comprises no more than eight seats in addition to the driver’s seat

Class 2. The Deviation would have a materially detrimental impact on the operation of the Sub-Project as a whole, although the Sub-Project could still be used in production in a commercially viable manner, if necessary with reasonable work-around efforts. If a combination of Class 2 and Class 3 Deviations would prevent the Sub-Project as a whole from being used in a commercially viable manner, the combination of Class 2 and Class 3 Deviations constitutes a Class 1 Deviation.

Class 2. A and Class 2-X Certificates. LIBOR Certificates.................. Class 1-A and Subordinated Certificates. MTA Certificates.................... None. Non-Delay Certificates.............. The LIBOR Certificates. Notional Amount Certificates........................ None. Notional Amount Components.......................... Class 1-X-P IO-1, Class 1-X-P IO-2, Class 1-X-P IO-3, Class 2-X IO-1, Class 2-X IO-2, and Class 2-X IO-3 Components. Offered Certificates................ All Classes of Certificates other than the Private Certificates. Physical Certificates............... The Private Certificates and the Residual Certificates. Planned Principal Classes........... None. Planned Principal Components.......................... None.

Class 2. A-2 PASS-THROUGH RATE: For any Distribution Date, the lesser of (i) One-Month LIBOR plus the Class 2-A-2 Margin and (ii) the Net Rate Cap for such Distribution Date.

Class 2. X Tax Pass Through Rate: The excess of (a) the Weighted Average Adjusted Net Mortgage Rate of the Mortgage Loans in Loan Group 2 over (b) the product of: (i) one month's interest accrued during the related Interest Accrual Period at the Pass-Through Rate for such Class on the related Component Notional Amounts of the related Components of the Class 2-X Certificates and (ii) 12, divided by the the sum of the principal balances in respect of the Class LT-X-2-X Interest, Class LT-Y-2-X Interest, LT-A-2 and LT-B-2 and LT-C-2 Interests.

Class 2. Those teachers with a Bachelors Degree plus 10 (ten) undergraduate or graduate hours. CLASS 3: Those teachers with a Bachelors Degree plus 20 (twenty) graduate hours.

Class 2. Those Members who are entitled to the delivery of State Water Project water along the South Bay Aqueduct, except Santa Xxxxx Valley Water District.