Class 1B definition

Class 1B means, at any time, all Class 1B Loans at such time.
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Class 1B means any concentrated animal feeding operation with a capacity between three thousand (3,000) animal units and six thousand nine hundred and ninety- nine (6,999) animal units inclusive;
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Class 1B. Subsidiary Lease/Executory Contract Rejection Claims • Impaired. • Class 1B consists of unsecured claims arising from the rejection of leases or executory contracts of the Company’s subsidiaries that are rejected with the consent of the holders of the majority in principal amount of the Existing Subordinated Notes held by the Backstop Providers (as defined below). The allowed amount of any Class 1B claims (subject to limitations imposed by Section 502(b)(6) of the Bankruptcy Code), will be treated in a manner to be determined by the Company with the consent of the holders of the majority in principal amount of the Existing Subordinated Notes held by the Backstop Providers. Votes of this Class will not be solicited; hence, this Class will be deemed to reject the Plan, and the Plan will be confirmed pursuant to Section 1129(b) of the Bankruptcy Code as to this Class.
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Examples of Class 1B in a sentence

  • Class 1-B employees hired prior to July 1, 2017, as defined in Article VIII-Section B, may retain dependent coverage with the premium paid by the District.

  • The Depositor hereby designates the Classes of Class A Certificates (other than the Class A-PO, Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates) and the Classes of Class 1-B, Class X-B and Class 3-B Certificates and each Component as "regular interests" and the Class 1-A-R Certificate as the single class of "residual interest" in the Upper-Tier REMIC for the purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively.

  • The Class A Certificates (other than the Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class A-PO, Class 15-IO, Class 30-IO and Class SES Certificates) and the Class 1-B, Class X-B and Class 3-B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC.

  • Part-time employees (Class 1-C, 1-D, 1-E and 2-A) not eligible for individual coverage and full-time employees (Class 1-B) not eligible for dependant coverage may purchase individual or dependent health care, dental care and vision care coverage by paying the full cost of the individual or dependant premiums in accordance with regulations established by the District.

  • Class 1-B: $65 per unused sick and personal leave days and $40.00 per year for all the years served in the District with a maximum payment of $9,000 Class 1-C and 1-D: $45 per unused sick and personal leave days and $40.00 per year for all the years served in the District with a maximum payment of $7,000, except Class 1-C and 1-D members with greater than twenty (20) years of service as of June 30, 2017 shall have a maximum payment of $9,000.

  • Employees not covered by a dental plan will be provided Delta Dental Plan Auto Plus-008 which provides Class 1-A benefits at 100%, Class 1B benefits at 90%, Class 2 Benefits at 90%, with an annual maximum Class 1 and 2 benefits of $1200.00 and Class 3 benefits of 90% with a life time maximum of $1500.00.

  • Class 1-B employees hired prior to July 1, 2017, as defined in Article VIII-Section B, may retain dependent coverage with the premium paid by the District subject to Paragraph 3 below.

  • The minimum workday hours for Secretaries (Class 1-B), will allow for 7¾ hours per day during the school year and six hours per day during the summer.

  • For purposes of the calculating the Calculation Rate, each Class 1-B Interest will be treated as part of Collateral Allocation Group 2.

  • The Class A Certificates (other than the Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class A-PO, Class 15-IO, Class 30-IO and Class SES Certificates) and the Class 1-B, Class X-B, Class 3-B and Class 5-B Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC.


More Definitions of Class 1B

Class 1B means, at any time, all Class 1B Loans at such time. “Class 1B Advance” means each Advance allocated to Class 1B pursuant to, and in accordance with, this Agreement. “Class 1B Borrowing Base” means, at any time, an amount equal to the sum of (i) the Dollar Equivalent of the amounts in the Principal Collection Subaccount, (ii) the Dollar Equivalent of the amounts in the Trust Account, (iii) the product of (x) the Weighted Average Class 1B Advance Rate (excluding the Sale Settlement Pending Collateral for the Class 1B Loans from the calculation of the Weighted Average Class 1B Advance Rate) as of such date, (y) the Portfolio Advance Rate Adjustment as of such date and (z) the Aggregate Class 1B Net Collateral Balance as of such date (excluding the Sale Settlement Pending Collateral for the Class 1B Loans from the calculation of the Aggregate Class 1B Net Collateral Balance) and (iv) the Dollar Equivalent of the aggregate sale price of any Sale Settlement Pending Collateral for the Class 1B Loans. “Class 1B Loan” means a Class 1 Loan that is a Second Lien Loan. “Class 1B Minimum OC Coverage Test” means, as of any date, a test that shall be satisfied if the Class 1B OC Ratio as of such date is equal to or greater than 1.00:1.00. “Class 1B OC Ratio” means, as of any Business Day, the ratio of (a) the Class 1B Borrowing Base to (b) the sum of (x) the Dollar Equivalent of the aggregate outstanding principal balance of the Class 1B Advances and (y) the Dollar Equivalent of the aggregate cash purchase price of all Class 1B Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled. “Class 2 Loan” means a Collateral Loan (a) that is not a Class 1 Loan and (b) the relevant Obligor of which has EBITDA of at least the Dollar Equivalent of $100,000,000 as calculated in accordance with the Related Documents and as most recently reported thereunder as of the date the Borrower acquires such Collateral Loan. “Class 2A” means, at any time, all Class 2A Loans at such time. “Class 2A Advance” means each Advance allocated to Class 2A pursuant to, and in accordance with, this Agreement. “Class 2A Borrowing Base” means, at any time, an amount equal to the sum of (i) the Dollar Equivalent of the amounts in the Principal Collection Subaccount, (ii) the Dollar Equivalent of the amounts in the Trust Account, (iii) the product of (x) the Weighted Average Class 2A Advance Rate (excluding the Sale Settlement Pending Collateral for the Class ...
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Related to Class 1B

  • Class 2 A-1 and Class 2-A-2 Certificates and the Class A-X-2 and Class PO-2 Component. Group 2 Certificates................... Group 2 Senior Certificates and the portions of the Group II Subordinated Certificates related to Loan Group 2.

  • Class 1 means, at any time, all Class 1 Loans at such time.

  • Class P designation on the face thereof, substantially in the form of Exhibit A-5 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class H designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class HI M-2 Formula Interest Distribution Amount" means, as to any Payment Date, the sum of (a) the amount specified in clause (a) of the definition of the term "Class HI: M-2 Formula Distribution Amount" and (b) the Unpaid Class HI: M-2 Interest Shortfall, if any.