Level 3 Asset definition
Level 3 Asset means, at any time, any Investment of the Company (a) for which there are no Level 1 Inputs or Level 2 Inputs (in each case within the meaning of Topic ASC 820, Fair Value Measurements and Disclosures), or (b) the value of which is determined by reference to Level 3 Inputs (within the meaning of Topic ASC 820).
Level 3 Asset means, at any time, any Investment of the Borrower (a) for which there are no Level 1 Inputs or Level 2 Inputs (in each case within the meaning of Topic ASC 820), or (b) the value of which is determined by reference to Level 3 Inputs (within the meaning of Topic ASC 820).
Examples of Level 3 Asset in a sentence
Trainee Asset Inspector (during three-month probation period) Level 2 Trainee Asset Inspector (post three-month probation period) Level 3 Asset Inspector Level 4 Senior Asset Inspector – At the appointment by the employer, an Asset Inspector who is required to undertake supervisory and/or planning functions of a more complex nature including the management of projects.
Level 3 Asset Inspector Cable Layer Machine Operator Storeperson An Employee at this level performs work from instructions and procedures under general supervision.