Common use of ERISA Plan Asset Clause in Contracts

ERISA Plan Asset. The assets of such Member (including any successor to or transferee of such Member) are not deemed to be “plan assets” within the meaning of Section 3(42) of the Employee Retirement Income Security Act of 1974 (as amended) (“ERISA”)) and the “plan asset” regulations set forth in 29 C.F.R. Section 2510.3-101 as promulgated under ERISA, modified to the extent applicable by Section 3(42) of ERISA (the “Plan Asset Regulation”).

Appears in 10 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

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ERISA Plan Asset. The assets of such Member (including any successor to or transferee of such Member) are not deemed to be “plan assets” within the meaning of Section 3(42) of the Employee Retirement Income Security Act of 1974 (as amended) (“ERISA”)) and the “plan asset” regulations set forth in 29 C.F.R. Section 2510.3-101 as promulgated under ERISA, modified to the extent applicable by Section 3(42) of ERISA (the “Plan Asset Regulation”).

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

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ERISA Plan Asset. The assets of such Member (including any successor to or transferee of such Member) are not deemed to be “plan assets” within the meaning of Section 3(42) of the Employee Retirement Income Security Act of 1974 (as amended) (“ERISA”)) ERISA and the “plan asset” regulations set forth in 29 C.F.R. Section 2510.3-101 as promulgated under ERISA, modified to the extent applicable by Section 3(42) of ERISA (the “Plan Asset Regulation”).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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