Level One Compliance definition

Level One Compliance and "Level Two Compliance" are each defined in ss.1.12.
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Level One Compliance. Level Two Compliance" and "Level Three Compliance" are each defined in Section 2.12 below.
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Examples of Level One Compliance in a sentence

  • The Borrower will be deemed to be in Level Two Compliance as at any Rate Adjustment Date if the Borrower is not in Level One Compliance as at such Rate Adjustment Date.

  • For the purposes of this letter agreement, the Borrower will be deemed to be in Level One Compliance as at any Rate Adjustment Date if and only if the Borrower's Debt Service Coverage Ratio as at the relevant Adjustment Measurement Date is equal to or greater than 1.5 to 1.

  • For the purposes of this letter agreement, the Borrower will be deemed to be in Level One Compliance as at any Rate Adjustment Date if and only if the Borrower's Liquidity Ratio as at the relevant Adjustment Measurement Date is greater than or equal to 2.0 to 1.

  • For the purposes of this letter agreement, the Borrower will be deemed to be in Level One Compliance as at any Rate Adjustment Date if and only if the Borrower's Debt Service Coverage Ratio as at the relevant Adjustment Measurement Date is greater than or equal to 1.5 to 1.

  • In addition, ULURU shall promptly provide ALTRAZEAL with information requested by ALTRAZEAL regarding the Third Party manufacturer (including, without limitation, any information requested by ALTRAZEAL in accordance with ALTRAZEAL’s due diligence, its GMP audit procedures and its "Level One Compliance Assessment").