No Benefit or Loan Sample Clauses

No Benefit or Loan. No benefit or loan that is conditional in any way on the existence of the Fund may be extended to the Annuitant or to any person with whom the Annuitant does not deal at arm’s length other than any benefit or loan which may be permitted from time to time under paragraph 146.3(2)(g) of the Act.
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No Benefit or Loan. No benefit or loan that is conditional in any way on the existence of the Plan may be extended to the Planholder or to any person with whom the Planholder does not deal at arm’s length, other than a benefit derived from the provision of administrative or investment services in respect of the Plan or as otherwise permitted under subsection 146.3(2)(g) of the Act.
Sample 1
No Benefit or Loan. No benefit or loan that is conditional in any way on the existence of the TFSA may be extended to you or any person with whom you do not deal at arm's-length, other than any benefit or loan which may be permitted from time to time under the Act. The trust is prohibited from borrowing money or other property for purposes of the TFSA.
Sample 1
No Benefit or Loan. Except as permitted under the Applicable Tax Legislation, no benefit or loan that is conditional in any way on the existence of the Fund may be extended to you or a person with whom you are not dealing at arm’s length, as determined under the Applicable Tax Legislation.
Sample 1

Related to No Benefit or Loan

  • No Benefit Nothing in this Supplemental Indenture, express or implied, shall give to any Person other than the parties hereto and their successors or assigns, and the Holders, any benefit or legal or equitable rights, remedy or claim under this Supplemental Indenture or the Base Indenture.

  • No Benefit to Bailee We will not recognize any assignment or grant any coverage that benefits a person or organization holding, storing or moving property for a fee regardless of any other provision of this policy.

  • No Benefit to Others The representations, warranties, covenants and agreements contained in this Agreement are for the sole benefit of the parties hereto and their respective successors and permitted assigns and they shall not be construed as conferring and are not intended to confer any rights on any other persons.

  • No Benefits Consultant acknowledges and agrees that Consultant and its Assistants shall not be eligible for any Company employee benefits and, to the extent Consultant otherwise would be eligible for any Company employee benefits but for the express terms of this Agreement, Consultant (on behalf of itself and its employees) hereby expressly declines to participate in such Company employee benefits.

  • No Benefit to Third Parties The representations, warranties, covenants and agreements set forth in this Agreement are for the sole benefit of the Parties hereto and their successors and permitted assigns, and they will not be construed as conferring any rights on any other parties.

  • No Interest; No Return No Partner shall be entitled to interest on its Capital Contribution or on such Partner’s Capital Account. Except as provided herein or by law, no Partner shall have any right to demand or receive the return of its Capital Contribution from the Partnership.

  • No Interest No interest shall be paid by the Partnership on Capital Contributions or on balances in Partners’ Capital Accounts.

  • No Compensation Except as provided in this Section 7.4 and elsewhere in this Agreement (including the provisions of Articles V and VI hereof regarding distributions, payments and allocations to which it may be entitled), the General Partner shall not be compensated for its services as general partner of the Partnership.

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • No Beneficiary Designation If the Executive dies without a valid beneficiary designation, or if all designated Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated Beneficiary. If the Executive has no surviving spouse, the benefits shall be made to the personal representative of the Executive’s estate.

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