Most Senior definition
Examples of Most Senior in a sentence
Mortgage Lien Info Numeric – Integer 2 99 If Lien Position > 1 See Coding 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown 21 Hybrid Period of Most Senior Lien (in months) For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage.
Assigns Trip To Other Than Most Senior Available Driver - When a trip is timely requested by a school, but the dispatch office fails to post it and the most senior available driver is not offered the trip and would have taken it, such driver shall be paid in accordance with Section A.1.8. When a trip cannot be posted timely, then the dispatcher may assign the trip to the first available driver by seniority.
However, the Noteholders of the Most Senior Class shall have the power, exercisable only by an Extraordinary Resolution, to remove the Security Trustee Director as director of the Security Trustee.
The holders of the Most Senior Class may, by Extraordinary Resolution, remove all trustees (but not some only) for the time being of these presents and the Deed of Charge.
COPY The power to appoint a new trustee of these presents shall, subject as hereinafter provided, be vested in the Issuer but no person shall be appointed who shall not previously have been approved by an Extraordinary Resolution of the holders of the Most Senior Class.
Mortgage Lien Info Numeric – Decimal 51775.12 9(10).99 If Lien Position = 1 and there is a 2nd lien on the subject property >= 0 Subject to Regulatory Confirmation 24 Origination Date of Most Senior Lien For non-first mortgages, the origination date of the associated first mortgage.
The Note Trustee and/or Security Trustee shall not exercise any powers conferred on it by this Clause 21 in contravention of any express direction given by Extraordinary Resolution of the holders of the Most Senior Class or by a direction under Condition 11 (Events of Default) but so that no such direction or request shall affect any waiver, authorisation or determination previously given or made.
Except in certain circumstances described in Condition 13 (Meetings of Noteholders, Modification, Waiver and Substitution), the Trust Deed contains no such limitation on the powers of the holders of the Most Senior Class, the exercise of which will be binding (save in respect of a Basic Terms Modification) on the holders of all other Classes of Notes, in each case irrespective of the effect thereof on their respective interests.
Such rotating shifts shall be filled first by the Most Senior Qualified employees who volunteer for such shifts.
The Note Trustee shall not exercise any powers conferred on it by this Condition 13.7 in contravention of any express direction given by Extraordinary Resolution of the holders of the Most Senior Class or, by a direction under Condition 11 (Events of Default) but so that no such direction or request shall affect any waiver, authorisation or determination previously given or made.