Teachers Retirement System definition

Teachers Retirement System. The Employees’ Retirement System of Alabama (“Employees’ Retirement System”), Judicial Retirement Fund, PEIRAF-Deferred Compensation Plan, and Public Employees Individual Retirement Account Fund (collectively, the “Lenders”), Teachers’ Retirement System, as Agent for the Lenders (the “Agent”) and Bell Microproducts Inc., a California corporation ( “Bell”); and (b) that certain Securities Purchase Agreement dated as of October 2, 2006, as heretofore amended (as so amended, the “Securities Purchase Agreement”), among Teachers’ Retirement System and Employees’ Retirement System (collectively, in such capacity, the “Investors”) and Bell. Certain Events of Default have occurred and are continuing under the Credit Agreement and the Securities Purchase Agreement due to the defaults and events of default under other credit facilities of Bell and its affiliates described in the letter from Wachovia Capital Finance corporation (Western) and Bank of America, N.A. (and the exhibit thereto) attached hereto as Exhibit A (collectively, the “Known Existing Defaults”). ▇▇▇▇ has requested that the Lenders and Investors waive the Known Existing Defaults. In addition, ▇▇▇▇ has requested that the Lenders and Investors waive compliance with certain covenants contained in the Credit Agreement and the Securities Purchase Agreement regarding the delivery of certain financial information to the Lenders and Investors. The Lenders and the Investors hereby waive the Known Existing Defaults, so long as the waiver letters attached hereto as Exhibit A (collectively, the “Other Waiver Letters”) constitute effective waivers of the events of default described therein; provided, however, that nothing herein shall be deemed a waiver with respect to any other defaults or events of default under any of the credit facilities described or referred to in the Other Waiver Letters or any failure of Bell to comply fully with the provisions contained in the Credit Agreement and the Securities Purchase Agreement in any other respect. This waiver shall be effective only for the specific Events of Default (including the specific time period of such Events of Default) comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of enforcement of any Lender’s or Investor’s rights with respect to any other Events of Default now existing or hereafter arising. In addition to the foregoing:
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Teachers Retirement System means the retirement system established in article seven-a, chapter eighteen of this code.
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Examples of Teachers Retirement System in a sentence

  • In addition to the salary provided herein, the Board shall pay the retirement contribution to the Illinois Teachers Retirement System and the Teachers' Health Insurance Security Fund (THIS) contribution.

  • All qualified teachers at the Charter School shall be members of the Teachers Retirement System of Georgia (“TRS”) and subject to its requirements.

  • Teachers Retirement System (TRS) & Teacher Health Insurance (THIS) How does the Board want to address: 1.

  • Both parties acknowledge that the Administrator did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State of Illinois Teachers' Retirement System, and that such contributions are made as a condition of employment to secure the Administrator's future services, knowledge and experience.

  • Retirement benefits are provided via the State Teachers Retirement System of Ohio (STRS) or the School Employees Retirement System (SERS).

  • Before leaving on a sabbatical assignment, the faculty member must make arrangements with the Vice President for Administration and Finance regarding his/her financial commitments to the Teachers Retirement System.

  • For the purpose of providing creditable service reporting to the State Teachers Retirement System (STRS) as defined in Education Code Section 22138.5, the Full-Time Equivalent (FTE) for part-time faculty must be identified in this collective bargaining agreement.

  • All calculations for salary increases will be based on the Teachers Retirement System (TRS) creditable earnings in the year prior to the submission of the irrevocable notice of retirement.

  • By law, federal and state withholding taxes, State Teachers' Retirement System contributions, and other taxes such as FICA and Medicare are deducted from paychecks when applicable.

  • The teacher will make the same contribution to the State Teachers' Retirement System that would have been paid had he/she been a full-time teacher during that period and the District will make the contribution for the District and state costs.