Tier 1 Percentage definition

Tier 1 Percentage. For (i) First Lien Qualifying Covenant-Lite Loans, 100%, and (ii) First Lien Loans and First Out Loans, the percentage obtained by dividing (x) the Tier 1 Leverage Ratio by (y) the Leverage Ratio.

Tier 1 Percentage means fifty-four percent (54%).

Tier 1 Percentage means the Specified Increment of each Trust Preferred Security or Class B Preferred Security, as applicable, with respect to which Tier 1 Qualification Elections have been made after giving effect to such elections.

Examples of Tier 1 Percentage in a sentence

• Capital Payments on the Tier 1 Percentage of the Trust Preferred Securities payable on each Payment Date shall accrue for the related Payment Period.

• The provisions of this Section 7.02 shall apply solely with respect to Capital Payments in respect of the Tier 1 Percentage for all Payment Periods from and including the Payment Period during which the Tier 1 Qualification Election with respect to the Specified Increment arising from such Tier 1 Qualification Election, occurred.

• To the extent and in the manner described in the Trust Agreement, (x) Capital Payments on the Upper Tier 2 Percentage of the Trust Preferred Securities shall be cumulative and (y) Capital Payments on each portion of the Tier 1 Percentage of the Trust Preferred Securities shall be noncumulative from the first day of the Payment Period during which the related Tier 1 Qualification Election occurred, if any, with respect to such portion.

• Holders of the Tier 1 Percentage of the Trust Preferred Securities shall be entitled to receive due and payable Capital Payments in cash on the Tier 1 Percentage of the Trust Preferred Securities held by them, on a non-cumulative basis, payable quarterly in arrears on each Payment Date.

• The provisions of this Section 7.02 shall apply solely with respect to Capital Payments in respect of the Tier 1 Percentage for all Payment Periods beginning, with respect to the Specified Increment arising from a Tier 1 Qualification Election, with the Payment Period that commences on the Tier 1 Qualification Date relating to such Tier 1 Qualification Election.

More Definitions of Tier 1 Percentage

Tier 1 Percentage means the Specified Increment of each Class B Preferred Security with respect to which Tier 1 Qualification Elections have been made and the Specified Increment of each Trust Preferred Security that is reclassified as a result of such Tier 1 Qualification Election, as applicable, in each case from and after the first day of the Payment Period during which such Tier 1 Qualification Election occurs.

Tier 1 Percentage. For a Repowering, the quantity of generation from the Bid Facility, expressed as a percentage associated with specific date ranges, as stated in Schedule 3 of this Agreement, that meets the Repowering requirements of the 2020 CES Order.]

Tier 1 Percentage. For a Repowering, the quantity of generation from the Bid Facility, expressed as a percentage associated with specific date ranges, as stated in Schedule 3 of this Agreement, that meets the Repowering requirements of the 2020 CES Order, as may be amended by the PSC.] Transfer/Transferred: The delivery of Tier-1 RECs to the NYSERDA NYGATS Account designated by NYSERDA. [Upgrade: The investments made to the existing [Name of Bid Facility] associated with the [improvements] that cause an increase in renewable generation incremental to a historical baseline level of generation by the Bid Facility, as proposed by Seller in the Application for Qualification and Bid Proposal in response to RESRFP22-1 and determined through the Statement of Qualification and the Operational Certification process.] Verified MWBE and SDVOB Dollars: The total dollar amount that accrued specifically to New York State certified MWBEs and New York State certified SDVOBs, as certified by the Seller and verified by NYSERDA, as a result of the development, construction, modification, operation, and maintenance of the [Bid Facility/Upgrade/Repowering], calculated 90 days after the third anniversary of the commencement of the Contract Delivery Term.

Tier 1 Percentage. “Tier 1 Advance Rate” For First Lien Loans and First Out Loans, the percentage obtained by dividing (x) the Tier 1 Leverage Ratio by (y) the Leverage Ratio. “Adjusted Tier 1 Purchased Loan Balance”

Tier 1 Percentage. “Tier 2 Advance Rate” 64% 52% For First Lien Loans and First Out Loans, the percentage obtained by dividing (x) the Tier 1 Leverage Ratio by (y) the Leverage Ratio. Loan Balance” “Tier 2 Leverage Ratio” For each Eligible Loan, shall be determined as follows:

Tier 1 Percentage. For a Repowering, the quantity of generation from the Bid Facility, expressed as a percentage associated with specific date ranges, as stated in Schedule 3 of this Agreement, that meets the Repowering requirements of the 2020 CES Order, as may be amended by the PSC.] Tier-1 Renewable Energy Certificate (REC): The electronic record of generation data created by XXXXXX and representing all of the attributes of one MWh of electricity generation from a RES Transfer/Transferred: The delivery of Tier-1 RECs to the NYSERDA NYGATS Account designated by NYSERDA. [Upgrade: The investments made to the existing [Name of Bid Facility] associated with the [improvements] that cause an increase in renewable generation incremental to a historical baseline level of generation by the Bid Facility, as proposed by Seller in the Application for Qualification and Bid Proposal in response to RESRFP22-1 and determined through the Statement of Qualification and the Operational Certification process.] Verified MWBE and SDVOB Dollars: The total dollar amount that accrued specifically to New York State certified MWBEs and New York State certified SDVOBs, as certified by the Seller and verified by NYSERDA, as a result of the development, construction, modification, and operation of the [Bid Facility/Upgrade/Repowering] prior to the end of the first three (3) Contract Years.

Tier 1 Percentage means the portion of each Trust Preferred Security or Class B Preferred Security, as applicable, with respect to which Tier 1 Qualification Elections have been made after giving effect to such elections.