Group IV definition
Examples of Group IV in a sentence
The Applied Loss Amount with respect to the Group IV Certificates for any Distribution Date shall be applied by reducing the Class Principal Balance of each Class of Group IV Subordinate Certificates beginning with the Class of Group IV Subordinate Certificates then outstanding, other than the Class IV-X Certificates, with the lowest relative payment priority, in each case until the respective Class Principal Balance thereof is reduced to zero.
Any Applied Loss Amount with respect to the Group IV Certificates allocated to a Class of Group IV Subordinate Certificates shall be allocated among the Group IV Subordinate Certificates of such Class in proportion to their respective Percentage Interests.
Employees who perform skilled work including the operation of heavy equipment or those employees who are assigned to be in charge of or supervise either semi-skilled or unskilled workers or both, will be paid Group IV Emergency Rate (Code 4).
Group IV All applicants for employment who have worked at the trade for more than one year.
To support this, a Group IV will be added to the Department Chair compensation schedule outlined in Section D of the MTA Collective Bargaining Agreement that will compensate teachers selected for this role at 50% of the department chair stipend for a full school year assignment.