Tier 1 Period definition

Tier 1 Period means the period from and including the Effective Date to but excluding the First Adjustment Date.
Sample 1Sample 2
Tier 1 Period means a Rating Level 1 Period when the Originator has (1) a Debt Rating of BBB or higher by S&P and Baa2 or higher by Xxxxx’x or (2) a Debt Rating of BBB- or lower by S&P or Baa3 or lower by Xxxxx’x but neither Debt Rating has a negative outlook or is on negative credit watch (or any equivalent designation).
Sample 1Sample 2
Tier 1 Period means a Rating Level 1 Period when the Originator has (1) a Debt Rating of BBB or higher by S&P and Baa2 or higher by Moody’s or (2) a Debt Rating of BBB- or lower by S&P or Baa3 or lower by Moody’s but neither Debt Rating has a negative outlook or is on negative credit watch (or any equivalent designation).
Sample 1

Examples of Tier 1 Period in a sentence

  • As of the end of each fiscal quarter of CCPT IV’s commencing with the fiscal quarter ending June 30, 2012, Total Liabilities shall not exceed (i) 75% of CCPT IV’s Total Asset Value during the Tier 1 Period, (ii) 70% of CCPT IV’s Total Asset Value during the Tier 2 Period, and (iii) 65% of CCPT IV’s Total Asset Value during the Tier 3 Period.

  • As of the end of each fiscal quarter of CREIS’ commencing with the fiscal quarter ending September 30, 2011, Total Liabilities shall not exceed (i) 75% of CREIS’ Total Asset Value during the Tier 1 Period, (ii) 70% of CREIS’ Total Asset Value during the Tier 2 Period, and (iii) 65% of CREIS’ Total Asset Value during the Tier 3 Period.

  • As of the end of each fiscal quarter of CREIS' commencing with the fiscal quarter ending September 30, 2011, Total Liabilities shall not exceed (i) 75% of CREIS' Total Asset Value during the Tier 1 Period, and (ii) 70% of CREIS' Total Asset Value during the Tier 2 Period.


More Definitions of Tier 1 Period

Tier 1 Period means each period with respect to which (i) the ratio of Customer's Total Liabilities to TNW (the "Leverage Ratio") during the immediately preceding fiscal period is less than 4.75 to 1, (ii) the Customer's Current Ratio during such fiscal period is greater than 1.05 to 1, (iii) Customer's TNW during such fiscal period is greater than $105,000,000 and (iv) the Customer's Net Profit after Tax ("Profitability") during such fiscal period is such that (a) there is no loss greater than 5%, (b) if there is a loss in that fiscal period, it is not the second or more consecutive fiscal quarter with a loss and (c) on an on-going basis beginning with October 1, 1995, there is no cumulative loss for four consecutive fiscal quarters.
Sample 1

Related to Tier 1 Period

  • Nomination Period means a period of time that Customer includes in a nomination for gas service.

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Minimum Hire Period means the Minimum Hire Period as described on the invoices, quotation, authority to hire, or any other forms as provided by the Supplier to the Client.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);

  • CIC Protection Period means the two-year period beginning on the date of a Change in Control and ending on the day before the second annual anniversary of the date of the Change in Control.

  • Effective Period has the meaning assigned thereto in Section 2(a).

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Notification Period has the meaning given to such term in Clause 3.10(b) or 3.10(c) of the Gold Bullion Terms, as the case may be.

  • Ramp-Up Period means the period from and including the Effective Date to, but excluding, September 23, 2016.

  • Long Term Dividend Period means a Special Dividend Period consisting of a specified period of one whole year or more but not greater than five years.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Hire Period means the period commencing when the Customer holds the Hire Goods on hire (including Saturdays Sundays and Bank Holidays) and ending upon the happening of any of the following events:

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Post-Termination Exercise Period means the period following termination of a Participant’s Continuous Service within which an Option or SAR is exercisable, as specified in Section 4(h).

  • Short Term Dividend Period means a Special Dividend Period consisting of a specified number of days (other than seven), evenly divisible by seven and not fewer than seven nor more than 364.

  • Application Period means the months beginning with the month in which the application is considered to be filed, through and including the month in which an eligibility determination is made.

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.

  • Quarterly Dividend Period means the quarterly period commencing on and including a Dividend Payment Date and ending on and including the day immediately preceding the next subsequent Dividend Payment Date.

  • Scheduled Black-Out Period means the period from and including the last day of a fiscal quarter of the Company to and including the business day after the day on which the Company publicly releases its earnings for such fiscal quarter.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.