Common use of Elective Account Loans Clause in Contracts

Elective Account Loans. Commencing January 1, 1988, a participant may request a loan to be made from his or her elective account or accounts under such conditions and terms as shall be approved from time to time by the Adminstrative Committee. Any loan made pursuant to this Paragraph, when added to the outstanding balance of all other loans made to the participant, shall be limited to the lesser of:

Elective Account Loans. Commencing January 1, 1988, a participant may request a loan to be made from his or her elective account or accounts in the investment options under such conditions and terms as shall be stated in the Loan Policy approved from time to time by the Adminstrative Administrative Committee. Any loan made pursuant to this Paragraph, when added to the outstanding balance of all other loans made to the participant, shall be limited to the lesser of: