Third-Tier definition
Examples of Third-Tier in a sentence
In no event shall any Third Tier Distribution be made unless there is undistributed profit in the amount of such Third Tier Distribution after deduction of First Tier Distributions through that time.
No Third Tier Distributions shall be paid at any time that any First Tier Distributions and Second Tier Distributions then due under the terms of this Agreement have not been paid to the Limited Partner or if there are any unpaid loans from the Partnership to the General Partner.
The City shall provide for new member employees the 2% at 62 (Third Tier).
No failure or delay on the part of the Third Tier Purchaser, BAASC, the Issuer or the Indenture Trustee in exercising any power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right.
No notice to or demand on the Third Tier Purchaser or BAASC in either case shall entitle it to any notice or demand in similar or other circumstances.
BAASC makes the following representations and warranties as of the Closing Date on which the Third Tier Purchaser will be deemed to have relied in acquiring the Third Tier Purchased Assets.
BAASC makes the representations and warranties set forth on Schedule I with respect to the Receivables listed on the Schedule of Receivables, on which the Third Tier Purchaser relies in purchasing such Receivables.
BAASC is willing to sell, transfer, contribute and assign such portfolio of motor vehicle receivables and related property to the Third Tier Purchaser on the terms and conditions set forth in this Agreement.
The information set forth in the Schedule of Receivables is true and correct in all material respects, and no selection procedures believed to be adverse to the Third Tier Purchaser or its assignees were utilized in selecting such Receivables.
The City implemented the Third Tier of the 59 Survivor Benefit with CalPERS upon amendment of the PERS contract.