EXCESS ASSETS Sample Clauses

EXCESS ASSETS. Following a complete termination of the Plan by the Employer, any assets which remain after provisions have been made to satisfy all liabilities of the Plan to Participants and Beneficiaries ( ) shall revert to the Employer in cash. ( ) shall be allocated among Participants on a uniform and non-discriminatory basis, subject to the limitation on benefits of Section 8.1 of the Plan.
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EXCESS ASSETS. Excess Assets (as such term is defined in the Participating Trusts) allocable to any Participating Trust that are held in this trust may be returned to the Company in accordance with the provisions of such Participating Trust and 3.2 hereof. Funds not allocated to any Participating Trust shall not be returned to the Company (payments made out of the Company's account on behalf of a Participating Trust pursuant to 3.2 shall not constitute a return to the Company of any unallocated funds).
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EXCESS ASSETS. No amount shall be reverted or returned to an employer prior to the satisfaction of all liabilities of the Plan except amounts contributed based on a good faith mistake of fact may be returned. No amendment, termination, or partial termination of this Plan, prior to the satisfaction of all liabilities with respect to Clergypersons and their Beneficiaries shall make it possible for any part of the corpus or income of the Trust to be used for or diverted to purposes other than for exclusive benefit of the Clergypersons or their Beneficiaries. Any Plan assets remaining after satisfaction of all liabilities of the Plan shall be used to increase benefit levels in a nondiscriminatory manner (as determined in the sole discretion of the Board).
Sample 1
EXCESS ASSETS. If any assets remain in a Subtrust after death benefits are paid to a Beneficiary in accordance with the terms of the Plan, such excess assets which remain in the Trust shall be allocated to the Participating Company’s Trust in such manner as the Administrator may designate.
Sample 1
EXCESS ASSETS. In the event that excess assets remain after death benefits are paid to a Beneficiary in accordance with Section 6.1(c)(1) of the Plan, such excess assets which remain in the Trust shall be allocated to the Participating Company Trust in accordance with Section 4.4 of this Trust.
Sample 1
EXCESS ASSETS. 14.1 The Parties acknowledge and agree that the Sellers will be entitled to the economic benefit arising from any receivables, events or procedures listed in Annex 14.1 (“Excess Assets”). The Parties consign that the Sellers will only be entitled to claim the respective amount of the Excess Assets materialized after the final and unappealable decision or ratification of the transaction agreement.
Sample 1
EXCESS ASSETS. Prior to termination of the Trust and prior to the occurrence of a Change of Control, if the total assets of the Trust Fund exceed the amount required to pay all remaining payment obligations under Section 3.1, then such amount shall be deemed to be "excess assets." The Trustee shall determine in its sole discretion the amount of any excess assets and return such amount to the Company. Such determination shall be made by the Trustee on an annual basis and any "excess assets" shall be returned to the Company within 45 days following the close of the calendar year. Notwithstanding the foregoing, if the Trust terminates pursuant to Section 8.2 as a result of the Company's payment obligations becoming fully satisfied, all assets shall be returned to the Company as soon as practicable.
Sample 1
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Related to EXCESS ASSETS

  • Business Assets The Company Assets comprise all of the property and assets of the Business, and none of the Vendor or the Significant Shareholders nor any other person, firm or corporation owns any assets used by the Company in operating the Business, whether under a lease, rental agreement or other arrangement;

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

  • Acquired Assets 11 Upon the terms and subject to the conditions set forth in this Agree- ment, at the Closing Seller shall sell, assign, transfer, convey and deliver to Buyer free and clear of all Liens, and Buyer shall purchase, acquire and take assignment and delivery of, all right, title and interest of Seller in and to the Acquired Assets, including the following:

  • Excluded Assets Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded Assets”):

  • Transferred Assets (a) As of the Effective Time (as defined in Section 2.1) and upon the terms and conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to Purchaser, and Purchaser will purchase from Seller, all of the transferable rights, title and interests of Seller in the following assets associated with the Banking Centers and identified in this Agreement and the Schedules and Exhibits hereto, and not otherwise excluded pursuant to the provisions of Subsection 1.1(b):

  • Included Assets The Assets referred to in Section 1.1(a)(ii) shall include, without limitation, the following assets, properties and rights of Seller used directly or indirectly in the conduct of, or generated by or constituting, the Business, except as otherwise expressly set forth in this Agreement:

  • Payments With Respect to Shared-Loss Assets Not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Institution, in immediately available funds, an amount equal to the Applicable Percentage of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the total Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Institution shall pay to the Receiver in immediately available funds the Applicable Percentage of that amount.

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