Tier V definition

Tier V means that the Senior Unsecured Debt Rating of the Borrower is not at the Tier I, Tier II, Tier III or Tier IV level.
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Tier V and "Tier VI" set forth in Section 1.01 of the Credit Agreement are hereby amended and restated in their entirety, and a new definition of "Tier VII" is hereby included in Section 1.01 of the Credit Agreement, in each case to read as follows:
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Tier V means that the senior unsecured debt of the Borrower is rated lower than either (i) BB+ by S&P or (ii) Ba1 by Mood▇'▇.
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Examples of Tier V in a sentence

  • This state mandated retirement tier shall be known as the Tier V General Retirement Plan.

  • Consistent with ▇▇▇▇▇, the exception to being enrolled into General Tier V for any employee newly hired on or after December 24, 2012, who will become a new member of FCERA on or after January 1, 2013, is an individual who was previously employed by another public employer and was able to establish reciprocity with FCERA as specified in § 7522.02(c).

  • This state mandated retirement tier shall be known as the Tier V Safety Retirement Plan.

  • Consistent with ▇▇▇▇▇, the exception to being enrolled into Safety Tier V for any employee newly hired on or after December 24, 2012, who will become a new member of FCERA on or after January 1, 2013, is an individual who was previously employed by another public employer and was able to establish reciprocity with FCERA as specified in § 7522.02(c).

  • Consistent with ▇▇▇▇▇, the exception to being enrolled into General Tier V for any newly hired employee who will become a new member of FCERA on or after January 1, 2013, is an individual who was previously employed by another public employer and was able to establish reciprocity with FCERA as specified in § 7522.02(c).

  • Eligible employees hired on or after January 1, 2013, shall be enrolled in PEPRA Tier V.

  • Consistent with ▇▇▇▇▇, the exception to being enrolled into General Tier V for any employee who will become a new member of FCERA on or after January 1, 2013, is an individual who was previously employed by another public employer and was able to establish reciprocity with FCERA as specified in § 7522.02(c).

  • Consistent with PEPRA, the exception to being enrolled into General Tier V for any employee newly hired on or after December 24, 2012, who will become a new member of FCERA on or after January 1, 2013, is an individual who was previously employed by another public employer and was able to establish reciprocity with FCERA as specified in § 7522.02(c).

  • The employee/member shall request and complete an opt-in election form from StanCERA indicating the desire to move to Tier V.

  • Current Tier III employees/members shall also be given a 90-day opt-in period to elect to move into the new Tier V.


More Definitions of Tier V

Tier V shall apply for so long as the Company's S&P Senior Debt Rating is BB+ or the Company's D&P Senior Debt Rating is BB+.
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Related to Tier V

  • Tier 3 Wire Centers are those Embarq Wire Centers that are not Tier 1 or Tier 2 Wire Centers.

  • Tier 2 Wire Centers are those Embarq Wire Centers that are not Tier 1 Wire Centers but contain at least three (3) Fiber-based Collocators, at least 24,000 Business Lines, or both. Once a Wire Center is determined to be a Tier 2 Wire Center, that Wire Center is not subject to later reclassification as a Tier 3 Wire Center.

  • Tier 1 Help Desk means Customer's point of contact(s) to provide all Tier 1 Support within Customer's organization(s).

  • Tier 1 means the retirement plan available to a member under this act who was first employed and entered upon the payroll before March 31, 1997 and who does not elect to become a qualified participant of Tier 2.

  • Tier 2 Capital has the meaning given to the term “Tier 2 capital” in 12 C.F.R. Part 217, as amended, modified and supplemented and in effect from time to time or any replacement thereof.