Lower-Tier definition

Lower-Tier. Subcontractors: Subcontractor agrees to perform a Safety and Health pre-qualification of all lower-tiered subcontractors prior to contract award. Pre-qualification records shall be maintained by the subcontractor and made available for inspection by SES. Lower-tiered subcontractors must show their ability to comply with Safety and Health requirements by completing a written questionnaire outlining their health and safety program components, incident history, experience modification ratings, Safety violations/citations and training programs for the previous 3 years. Subcontractor shall not accept lower-tiered subcontractors that have had fatalities, incident statistics greater than the applicable NAICS industry classification average, workers’ compensation experience modification rates exceeding 1.0, excessive past Safety violations/citations or inadequate HSE training programs for the anticipated work. Use of Lower Tier Subcontractors that do not meet these minimum Safety pre-qualifications requires prior written notification to SES for acceptance.
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Lower-Tier subcontract" means any contract entered into by SELLER with a subcontractor to furnish supplies or services for performance of this Contract including transfers between divisions, subsidiaries, or affiliates of a contractor or subcontractor. It includes, but is not limited to, purchase orders, and changes and modifications to purchase orders.
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Lower-Tier means the Township of Perth East, Township of Perth South, Municipality of North Perth and Municipality of West Perth.
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Examples of Lower-Tier in a sentence

  • The Uncertificated Lower-Tier Interests shall constitute the "regular interests" in the Lower-Tier REMIC.

  • On each Distribution Date, the amounts that have been transferred to the Lower-Tier REMIC Distribution Account from the Collection Account or as P&I Advances or Compensating Interest Payments or as otherwise contemplated by the preceding sentences of this Section 4.01(a) shall be deemed distributed on the Lower-Tier Regular Interests to the Upper-Tier REMIC, in accordance with Section 4.01(a)(ii) and the last paragraph of Section 4.01(d).

  • Any Non-Supported Interest Shortfalls will be allocated to each Uncertificated Lower-Tier Interest in the same relative proportions as interest is allocated to such Uncertificated Lower-Tier Interest.

  • The Closing Date is hereby designated as the "start-up day" of each of the Upper-Tier REMIC and Lower-Tier REMIC within the meaning of Section 860G(a)(9) of the Code.

  • The Upper-Tier REMIC shall hold as assets the several classes of uncertificated Lower-Tier Regular Interests, set out below.

  • No such Eligible Investments will be sold or disposed of at a gain prior to maturity unless the Master Servicer has received an Opinion of Counsel or other evidence satisfactory to it that such sale or disposition will not cause the Trust Estate to be subject to Prohibited Transactions Tax, otherwise subject the Trust Estate to tax, or cause either of the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC while any Certificates are outstanding.

  • On each Master Servicer Remittance Date, the Certificate Administrator shall withdraw from the Excess Liquidation Proceeds Reserve Account and deposit in the Lower-Tier REMIC Distribution Account any Excess Liquidation Proceeds required to be so transferred pursuant to Section 4.01(e) of this Agreement.

  • For as long as the Trust shall exist, the Trustee, the Depositor and the Servicer shall act in accordance herewith to assure continuing treatment of the Upper-Tier REMIC and the Lower-Tier REMIC as REMICs and avoid the imposition of tax on either REMIC.

  • The Holder of the Class 1-A-LR Certificate is hereby designated as the Tax Matters Person for the Lower-Tier REMIC.

  • Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel to the effect that such amendment will not subject either the Upper-Tier REMIC or the Lower-Tier REMIC to tax or cause either the Upper-Tier REMIC or the Lower-Tier REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding.


More Definitions of Lower-Tier

Lower-Tier. Subcontractors: Subcontractor agrees to perform a Safety and Health pre-qualification of all lower-tiered subcontractors prior to contract award. Pre-qualification records shall be maintained by the subcontractor and made available for inspection by Contractor. Lower-tiered subcontractors must show their ability to comply with Safety and Health requirements by completing a written questionnaire outlining their health and safety program components, incident history, experience modification ratings, Safety violations/citations and training programs for the previous 3 years. Subcontractor shall not accept lower-tiered subcontractors that have had fatalities, incident statistics greater than the applicable NAICS industry classification average, workers’ compensation
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Lower-Tier means any lower tier municipality in the County of Huron.
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Lower-Tier. Subcontractors: Subcontractor agrees to perform a Safety and Health pre-qualification of all lower-tiered subcontractors prior to contract award. Pre-qualification records shall be maintained by the subcontractor and made available for inspection by Contractor. Lower-tiered subcontractors must show their ability to comply with Safety and Health requirements by completing a written questionnaire outlining their health and safety program components, incident history, experience modification ratings, Safety violations/citations and training programs for the previous 3 years. Subcontractor
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Lower-Tier means the Township of Perth East, Township of Perth
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Lower-Tier. Pass-Through Allocation of Allocation of Interests Initial Balance Rate Principal(3) Interest(4) --------- --------------- ------------ ------------- ------------- 1 $316,200,000 (1) A1 A1, AIO 2 $6,800,000 (1) M1 M1, AIO 3 $6,800,000 (1) M2 M2, AIO 4 $4,420,000 (1) M3 M3, AIO 5 $340,000,000(6) (1) O AIO 6 (2) (2) (2) P Class RL (5) (5) (5) (5) --------------------
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Lower-Tier means the Township of Ashfield-Colborne-Wawanosh, Municipality of Bluewater, Municipality of Central Huron, Town of Goderich, Township of Howick, Municipality of Huron East, Municipality of Morris- Turnberry, Township of North Huron and Municipality of South Huron.
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Related to Lower-Tier

  • Lower Tier Interest As described in the Preliminary Statement.

  • Lower-Tier REMIC As described in the Preliminary Statement.

  • Lower Tier REMIC Interests Each of the Class LTA-1 Interest, the Class LTA-2A Interest, the Class LTA-2B Interest, the Class LTA-2C Interest, the Class LTA-2D Interest, the Class LTM-1 Interest, the Class LTM-2 Interest, the Class LTM-3 Interest, the Class LTM-4 Interest, the Class LTM-5 Interest, the Class LTM-6 Interest, the Class LTB-1 Interest, the Class LTB-2 Interest, the Class LTB-3 Interest, the Class LTIX Interest, the Class LTIIX Interest, the Class LTII1A Interest, the Class LTII1B Interest, the Class LTII2A Interest, the Class LTII2B Interest, the Class LT-IO Interest and the Class LTR Interest.

  • Lower-Tier Regular Interests The respective classes of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Lower-Tier REMIC, designated as the Class ▇▇-▇, ▇▇▇▇▇ ▇▇-▇, Class LA-3, Class LA-4, Class LA-AB, Class LA-S, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG and Class LVRR Lower-Tier Regular Interests.

  • Lower-Tier Regular Interest Each of the Class LT-A-1, Class LT-A-2, Class LT-A-3, Class LT-A-4, Class LT-M-1, Class LT-M-2, Class LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-B-1, Class LT-B-2, Class LT-B-3, Class LT-IO and Class LT-Accrual Interests as described in the Preliminary Statement.