Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the Administrator. All loans shall be evidenced by a promissory note, secured only by the portion of the Participant's Account from which the loan is made, and the Plan shall have a lien on this portion of his or her Account.
Appears in 11 contracts
Samples: Plan and Trust Agreement (Timken Co), Plan and Trust Agreement (Southdown Inc), Longview Fibre Co
Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the Administrator. All loans Each loan shall be evidenced by a promissory note, secured only by the portion of the Participant's Account from which the loan is made, and the Plan shall have a lien on this portion of his or her Account.
Appears in 5 contracts
Samples: Riviana Foods Inc /De/, Hanna M a Co/De, Longview Fibre Co
Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the Administrator. All loans Each loan shall be evidenced by a promissory note, secured only by the portion of the Participant's Account from which the loan is made, and the Plan shall have a lien on this portion of his or her on hen Account.
Appears in 1 contract
Samples: New Nisource Inc
Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the AdministratorAdministrative Committee. All loans shall be evidenced by a promissory note, secured only by the portion of the Participant's ’s Account from which the loan is made, and the Plan shall have a lien on this portion of his or her the Participant’s Account.
Appears in 1 contract
Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the Administrator. All loans shall be evidenced by a promissory note, secured only by the portion of the Participant's Account from which the loan is made, and the Plan shall have a lien on this portion of his or her Account.. The promissory note may be evidenced by the Participant's endorsement on the check representing the loan proceeds. CHARTER ONE BANK, F.S.B. AMENDMENT NO. 3 EMPLOYEE SAVINGS PLAN AND TRUST
Appears in 1 contract
Samples: Charter One Financial Inc
