Third Priority definition

Third Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Exchange Note Collateral Document, that such Lien is perfected and has priority over any other Lien on such Collateral apart from the First Priority Liens for so long as the First Priority Liens shall exist, and the Second Priority Liens for so long as the Second Priority Liens shall exist.

Third Priority. Graduate courses taken beyond the first master’s degree toward additional certification or other advanced degrees. If items (a) and (b) under First Priority have been fully funded, any remaining funds will be prorated to fund Second Priority with remaining funds thereafter to fund Third Priority per graduate hour to reimburse full-time teachers at a rate not to exceed actual cost per hour or the rate charged by the University of Missouri-Columbia for up to 3.0 graduate hours. For eligible courses completed between January 1 and December 31 of a calendar year, employees must submit the specified Tuition Reimbursement form for a request for reimbursement. Transcripts and paid tuition receipts must accompany the application for reimbursement. Application must be received by January 31 in the calendar year following completion of the course(s) in order to be considered for reimbursement. Reimbursement shall be the actual catalog cost of an eligible course, not to exceed the maximum credit hour cost at the University of Missouri-Columbia. If all documentation is submitted by this deadline, payment/reimbursement for these classes taken between January and December of the previous year will be issued in February. To be eligible for reimbursement, the employee must be a member of the District faculty prior to enrollment and at the time of reimbursement. When making application for reimbursement, eligible staff members will present (1) a transcript and grade report showing the grade earned, and (2) a receipt indicating the amount paid to the college or university. Pass/Fail courses will not be reimbursed. A minimum grade of B must be earned for reimbursement.

Third Priority means, with respect to any Lien purported to be created on any Collateral pursuant to the Notes Security Documents, that such Lien is prior in right to any other Lien thereon other than Liens securing the ABL Obligations, Liens securing the Term Obligations and Liens securing obligations permitted to be secured prior to the ABL Obligations and the Term Obligations pursuant to the definitions of First Priority and Second Priority contained herein.

Examples of Third Priority in a sentence

• In the event of any conflict among the Contract Documents, the Documents shall be construed according to the following priorities: Highest Priority - Modifications, Second Priority-Agreement, Third Priority - Addenda-later date to take precedence, Fourth Priority - Special Requirements, Fifth Priority - Special Conditions, Sixth Priority - Supplementary General Conditions, Seventh Priority - General Conditions, Eighth Priority - Specifications, Ninth Priority - Drawings.

• Third Priority Period—Thereafter, initial grants of remaining funds can be made to all other eligible applicants (entities that have experienced a 25% or greater revenue loss between one quarter of 2019 and the corresponding quarter in 2020 due to the COVID-19 pandemic).As mentioned, the SBA may not award a supplemental grant until all applications for initial grants submitted within the program’s first 60 days have been processed.

• Third Priority Events may not supersede requests for First or Second Priority Events, nor can they challenge First or Second Priority Events as a second option.

• Green Category – Third Priority, Non-urgent Transportation and treatment is required for minor injuries (but not necessarily by EMS personnel), minor fractures, or other injuries of a minor nature.

• Third Priority (P III) The applicants who do not come under Priority I and II may be considered under P III category.

More Definitions of Third Priority

Third Priority. The Grantee shall use available stand-in costs to resolve the disallowed costs or other liability to TWC.

Third Priority. Any source of recovery applicable to the owner of the rental private passenger automobile.

Third Priority means, if any Additional Second Lien Obligations have been issued:

Third Priority. Liens shall mean all Liens on the Third Lien Collateral to secure the Third Lien Obligations, whether created under the Third Lien Collateral Documents or acquired by possession, statute, operation of law, subrogation or otherwise. Uniform Commercial Code or UCC shall mean the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any applicable jurisdiction.

Third Priority has the meaning set forth in the Intercreditor Agreement.

Third Priority means, with respect to any Lien purported to be created on any Collateral, that such Lien (or any distribution priority thereof) has priority over any other Liens (or distribution priority) on such Collateral, other than Liens permitted under subsection 7.2A(i), (iii), (v), (vi) and (ix) and Second Priority Liens.

Third Priority. The third priority group is students who reside in the primary attendance area of Sage International School..