Plan Investor definition

Plan Investor. As defined in Section 5.03(n) of this Agreement.

Plan Investor. Any Plan, any Person acting on behalf of a Plan or any Person using the assets of a Plan.

Plan Investor. With respect to a transfer of a Certificate, an employee benefit or other plan subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code, or any person (including an investment manager, a named fiduciary or a trustee of any such plan) acting, directly or indirectly, on behalf of or purchasing such Certificate with “plan assets” of any such plan. Prepaid Monthly Payment: Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

Examples of Plan Investor in a sentence

• By acceptance of a Certificate, each Certificateholder will be deemed to acknowledge the restrictions on transfer set forth thereon, including the representation that the Certificateholder is not a Plan Investor and the restrictions in Section 3.11 applicable to the Residual Certificates.

• If participation by Benefit Plan Investors is “significant” as determined under the Plan Asset Regulation or if the General Partner otherwise so determines, then (notwithstanding the other provisions of this Section 6.2 (Terms and Conditions; Capital Contributions)), no Capital Contribution shall be made to the Fund by a Benefit Plan Investor until the Fund makes a Portfolio Investment that qualifies the Fund as a VCOC.

• If the Investor becomes a Benefit Plan Investor subsequent to the date of this Subscription Agreement, the Investor shall promptly disclose to the Company in writing such fact and also the percentage of such Investor’s equity interests held by Benefit Plan Investors.

• The term "Benefit Plan Investor" is defined in Section 3(42) of ERISA as: (a) any employee benefit plan (as defined in Section 3(3) of ERISA), subject to the part 4 of subtitle B of Title I of ERISA; (b) any plan subject to Section 4975 of the Code; and (c) any entity whose underlying assets include plan assets by reason of the investment in the entity by such employee benefit plan and/or plan.

• By checking the appropriate box below, Investor represents and warrants either that (a) if Investor checks the first box below, Investor is not, and for so long as it holds an ownership interest in the Fund will not be, a "Benefit Plan Investor" within the meaning of U.S. Department of Labor Regulation 29 CFR 2510.3-101 (the "Plan Assets Regulation"); or (b) Investor has indicated the category under which Investor is a Benefit Plan Investor.

More Definitions of Plan Investor

Plan Investor. With respect to a transfer of a Certificate, an employee benefit or other plan subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code, or any person (including an investment manager, a named fiduciary or a trustee of any such plan) acting, directly or indirectly, on behalf of or purchasing such Certificate with “plan assets” of any such plan.

Plan Investor means (i) a "benefit plan investor" that is described in or subject to the Department of Labor regulations set forth in 29 C.F.R. § 2510.3-101, as modified by ERISA Section 3(42) (the "Plan Asset Regulations"), (ii) a plan or arrangement that is subject to Code Section 4975, (iii) a "governmental plan" as defined in Section 3(32) of ERISA, (iv) any plan or arrangement that is subject to any federal, state, local law or non-US law that is substantially similar to Section 406 of ERISA or Section 4975 of the Code.

Plan Investor. Any Plan or any governmental plan as described in Section 3(32) of ERISA subject to Similar Law, or any Person acting on behalf of any such Plan or governmental plan or using the assets of such Plan or governmental plan.

Plan Investor. A Plan, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using the "plan assets," within the meaning of the Department of Labor regulations at 29 C.F.R. ss.2510.3-101.

Plan Investor means an employee benefit plan as defined in Section 3(3) of ERISA that is subject to Part 4 of Title I of ERISA, a plan subject to Section 4975 of the Code or an entity whose underlying assets are considered “plan assets” under the Plan Assets Regulation.

Plan Investor means any entity that is, or that is using the assets of, (A)(i) an "employee benefit plan" (as defined in Section 3(3) of the United States Employee Retirement Income Security Act of 1974, as amended ("ERISA")) that is subject to the fiduciary responsibility requirements of Title I of ERISA, (ii) a "plan" to which Section 4975 of the United States Internal Revenue Code of 1986, as amended (the "Code"), applies, or (iii) an entity whose underlying assets include "plan assets" (as defined pursuant to the "Plan Assets Regulation" issued by the United States Department of Labor at 29 C.F.R. Section 2510.3-101 as modified by Section 3(42) of ERISA) or otherwise under ERISA by reason of any such employee benefit plan or plan's investment in the entity (any such plan or entity described in (i), (ii) or (iii), a "Benefit Plan Investor") or (B) a non-U.S. plan, governmental plan, church plan or other plan that is subject to any federal, state, local, non-U.S. or other law that is similar to the provisions of Section 406 of ERISA or Section 4975 of the Code (a "Similar Law") unless its acquisition, holding and disposition of such security, or any interest therein, has not and will not result in a violation of such Similar Law.

Plan Investor means Brookfield WEC Holdings LLC.