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.
Sample 1Sample 2
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+.
Sample 1
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 Moodx'x.
Sample 1

Examples of Tier V in a sentence

  • The provisions of this Section 7.12 shall not apply to any Wholly-Owned Subsidiary or Secondary Obligor-R which is an REO Affiliate, a Harbor Debtor, a Tier IV Company or Tier V Company.

  • Neither Borrower, any Primary Obligor, any Secondary Obligor, any Tier IV Company, any Tier V Company, any Harbor Debtor or any other Loan Party has received a summons, citation, notice, or directive from the Environmental Protection Agency or any other Governmental Authority concerning any action or omission resulting in the releasing, or otherwise disposing of hazardous waste or hazardous substances into the environment with respect to any real property.

  • Subject to Section 3.7 and Section 5 hereof, the Company shall pay to each Tier II Employee, Tier III Employee, Tier IV Employee and Tier V Employee who incurs a Severance during the Change in Control Protection Period an amount equal to two (2) times the sum of all monthly salary continuation payments the employee would have received under Section 2.2, 2.3 or 2.4 hereof, as applicable, in connection with a Severance prior to the Change in Control Protection Period.

  • Tier V Participant” means the Participant identified as “Tier V Participant” on Exhibit A hereto.

  • The interest rate in effect as of the date of this First Amendment shall be the Tier V interest rates set forth in Exhibit A.

  • The Applicable Rate in effect from the date of this Agreement through and including the Extension Date shall be determined based upon Pricing Tier V.

  • You will receive the Tier V relocation package per the attached relocation policy.

  • Xxxx Title: Vice President SCHEDULE 1.1(A) PRICING GRID Debt Rating Euro-Rate Spread Base Rate Spread Tier I A-/ A3 or higher 75.0 bps 0.0 bps Tier II BBB+/ Baa1 87.5 bps 0.0 bps Tier III BBB/ Baa2 100.0 bps 0.0 bps Tier IV BBB-/ Baa3 112.5 bps 12.5 bps Tier V BB+/ Ba1 125.0 bps 25.0 bps Tier VI <BB+/ Ba1 150.0 bps 50.0 bps The Applicable Margin shall be determined on the Closing Date based on Tier III.

  • You will be eligible to receive relocation benefits consistent with those provided to executive officers pursuant to the Boston Scientific Corporation Tier V Domestic Relocation Policy as revised on February 1, 2003, such benefits to be utilized no later than December 31, 2007.

  • With respect to any employee of the Company who is otherwise eligible to participate in the Plan (other than an employee who is a Tier IV or Tier V Employee), no such Eligible Employee or Former Employee shall be entitled to receive benefits under the Plan unless and until such Eligible Employee or Former Employee has executed a participation agreement in the form attached hereto as Exhibit B.


More Definitions of Tier V

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:
Sample 1

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 means the portion of the design- related information contained in the generic DCD that is approved but not certified by this appendix (Tier 2 information). Compli- ance with Tier 2 is required, but generic changes to and plant-specific departures from Tier 2 are governed by Section VIII of this appendix. Compliance with Tier 2 pro- vides a sufficient, but not the only accept- able, method for complying with Tier 1. Compliance methods differing from Tier 2 must satisfy the change process in Section VIII of this appendix. Regardless of these dif- ferences, an applicant or licensee must meet the requirement in Section III.B of this ap- pendix to reference Tier 2 when referencing Tier 1. Tier 2 information includes:

  • Tier 1 means the portion of the design-related information contained in the generic DCD that is approved and certified by this appendix (Tier 1 information). The design descriptions, interface requirements, and site parameters are derived from Tier 2 information. Tier 1 information includes:

  • 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.

  • Tier 2 Capital Event means the receipt by the Company of a legal opinion from counsel experienced in such matters to the effect that the Subordinated Notes do not constitute, or within 90 days of the date of such legal opinion will not constitute, Tier 2 Capital (or its then equivalent if the Company were subject to such capital requirement).

  • authorized control level RBC means the number determined under the risk-based capital formula in accordance with the RBC instructions;

  • Senior Accelerated Distribution Percentage With respect to any Distribution Date occurring on or prior to the 60th Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100%. With respect to any Distribution Date thereafter and any such Loan Group, if applicable, as follows:

  • Tier 1 Support means the Technical Support provided by the Tier 1 Help Desk.

  • Tier 2 Support means the Esri Technical Support provided to the Tier 1 Help Desk when a Case cannot be resolved through Tier 1 Support.

  • Tier 1 Capital means Tier 1 capital for the purposes of the Capital Regulations.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Change of Control Value means (i) the per share price offered to stockholders of the Company in any such merger, consolidation, reorganization, sale of assets or dissolution transaction, (ii) the price per share offered to stockholders of the Company in any tender offer or exchange offer whereby a Change of Control takes place, or (iii) if such Change of Control occurs other than pursuant to a tender or exchange offer, the Fair Market Value per share of the shares into which Awards are exercisable, as determined by the Committee, whichever is applicable. In the event that the consideration offered to stockholders of the Company consists of anything other than cash, the Committee shall determine the fair cash equivalent of the portion of the consideration offered which is other than cash.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 95.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M2 Target Amount For any Distribution Date, an amount equal to the lesser of (a) the product of (1) 75.40% and (2) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Control Eligible Certificates Any of the Class E, Class F and Class G Certificates.

  • Category B means that the base prospectus shall include all the general principles related to the information required, and only the details which are unknown at the time of the approval of the base prospectus can be left in blank for later insertion in the final terms;

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 94.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Tier means a group of Channels for which a single periodic subscription fee is charged.

  • Category 2 Training: This category includes services related to training state employees to understand and apply Agile concepts and tools.