Examples of Order of Seniority in a sentence
Interest on the Notes will be paid, to the extent of funds available for that purpose, in accordance with the Order of Seniority.
No interest will be paid on a Note of any Class until all interest due on the Classes of Notes ranking in priority (as per the Order of Seniority) to such Class has been paid in full.
Employees shall be laid-off in inverse Order of Seniority in Classification.
On any Redemption Date, the Notes will, subject to the above provisions, be redeemed or partially redeemed in accordance with the Order of Seniority at their respective Redemption Amounts together with interest accrued thereon to (and excluding) the relevant Redemption Date.
Call-In in Order of Seniority (Part-Time) Any call-in or extra shifts will be offered to available regular/relief part-time employees within the classification according to seniority, provided they are capable of performing the available work.
Such reinstatements will be allocated to the Notes in Order of Seniority until the Adjusted Principal Balance of each Class is reinstated to its Initial Principal Balance.
Order of Seniority in Debt Payment and Non-Payment Forgiven by Contract The credit rating herewith presented could be changed if and when the assumptions made at the time of its determination turn out to be inaccurate with regard to the order of seniority in repayment of interests and principal.
Specifically: • Employees above the classifications of Police Support Services Specialist and Communications Dispatcher who volunteer to be laid-off pursuant to Step 2 above shall be eligible to fill vacancies in that previously held classification, or any lower classification, by Order of Seniority in Classification in that classification, during the Re-Employment Eligibility Period as defined below.
Employees bumped back to a lower classification shall be eligible to promote to vacancies in the previously held higher classification, or any lower classification within the appropriate division, by Order of Seniority in Classification in that higher classification.
Employees bumped back to a lower rank shall be eligible to promote to vacancies in the previously held higher rank, or any lower rank, by Order of Seniority in Rank in that higher rank.