Participant-Level Transactions Sample Clauses

Participant-Level Transactions. The purchases, redemptions and exchanges accepted by the Agent pursuant to Section 1(a) above shall be based on: (i) participant-level transactions made by or on behalf of participants and beneficiaries under the Plans which are recorded on the Agent’s defined contribution plan record-keeping system; or (ii) other authorized transaction directions received by the Agent from Plan fiduciaries which are recorded on the Agent’s defined contribution plan record-keeping system. For purposes of this Agreement, “participant-level transactions” shall relate only to defined contribution funds and shall include: (i) Any authorized direction to a Plan by or on behalf of any participant to invest contributions in a Vanguard Fund in accordance with the terms and conditions of the Plan and the applicable Vanguard Fund prospectus; (ii) Any authorized direction to a Plan to exchange existing amounts held on behalf of any participant or beneficiary to a Vanguard Fund in accordance with the terms and conditions of the Plan and the applicable Vanguard Fund prospectus; (iii) Any authorized direction to a Plan to exchange existing amounts invested in a Vanguard Fund on behalf of any participant or beneficiary to any other investment option offered under the Plan in accordance with the terms and conditions of the Plan and the applicable Vanguard Fund prospectus; and (iv) Any authorized direction to a Plan on behalf of any participant or beneficiary to pay loan, withdrawal or distribution proceeds to a participant or beneficiary from a Vanguard Fund in accordance with the terms and conditions of the Plan and the applicable Vanguard Fund prospectus.
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Participant-Level Transactions. The purchases, redemptions and exchanges accepted by the Intermediary and the Underlying Intermediaries, if any, pursuant to Section 1(a) above shall be based on: (i) participant-level transactions made by or on behalf of participants and beneficiaries under the Plans which are recorded on the Intermediary’s or an Underlying Intermediary’s defined contribution plan record-keeping system; (ii) other authorized transaction directions received by the Intermediary or an Underlying Intermediary from Plan fiduciaries which are recorded on the Intermediary’s or an Underlying Intermediary’s defined contribution plan record-keeping system; (iii) authorized transaction directions received by the Intermediary or an Underlying Intermediary from Trusts acting on behalf of Plans, which are recorded on the Intermediary’s or an Underlying Intermediary’s participant record-keeping or other systems; or (iv) other authorized transaction directions received by the Intermediary or an Underlying Intermediary from the Accounts which are recorded on the Intermediary’s or an Underlying Intermediary’s participant record-keeping or other systems. For purposes of this Agreement, “participant-level transactions” shall relate only to defined contribution funds and shall include: (A) Any authorized Instruction to a Plan or Account by or on behalf of any Plan participant to invest contributions in a Vanguard Fund in accordance with the terms and conditions of the Plan and/or Contract, as applicable, and the applicable Vanguard Fund prospectus; (B) Any authorized Instruction to a Plan or Account to exchange existing amounts held on behalf of any Plan participant or beneficiary to a Vanguard Fund in accordance with the terms and conditions of the Plan and/or Contract, as applicable, and the applicable Vanguard Fund prospectus; (C) Any authorized Instruction to a Plan or Account to exchange existing amounts invested in a Vanguard Fund on behalf of any Plan participant or beneficiary to any other investment option offered under the applicable Plan and/or Contract in accordance with the terms and conditions of the Plan and the applicable Vanguard Fund prospectus; and (D) Any authorized Instruction to a Plan or Account on behalf of any Plan participant or beneficiary to pay loan, withdrawal or distribution proceeds to a participant or beneficiary from a Vanguard Fund in accordance with the terms and conditions of the Plan and/or Contract, as applicable, and the applicable Vanguard Fund prospec...
Sample 1

Related to Participant-Level Transactions

  • Personnel Participant Conditions The Subrecipient shall include the following clauses in every Subcontract or purchase order, specifically or by reference, so that such provisions will be binding upon each subcontractor or vendor.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Participant Loans Participant loans, as provided for in paragraph 13.5 of the Basic Plan Document #04, [x] are [ ] are not permitted. If permitted, repayments of principal and interest shall be repaid to [x] the Participant's segregated account or [ ] the general Fund.

  • Discretionary Sales The Borrower shall be permitted to sell Loans (each, a “Discretionary Sale”) subject to the following conditions: (i) no Collateral Manager Default or Event of Default has occurred and is continuing and, immediately after giving effect to such Discretionary Sale, no Collateral Manager Default, Default or Event of Default shall have occurred; (ii) immediately after giving effect to such Discretionary Sale, the Required Advance Reduction Amount shall be (x) zero or (y) subject to the prior consent of the Administrative Agent (in its sole discretion), an amount less than the Required Advance Reduction Amount immediately prior to giving effect to such Discretionary Sale; (iii) the Borrower shall have delivered a Borrowing Base Certificate to the Administrative Agent; (iv) such Discretionary Sale shall be made by the Collateral Manager, on behalf of the Borrower, to an unaffiliated third party purchaser in a transaction (i) reflecting arms-length market terms and (ii) in which the Borrower makes no representations, warranties or covenants and provides no indemnification for the benefit of any other party to the Discretionary Sale (other than that the Borrower has good title thereto, free and clear of all Liens and has the right to sell the related Loan), provided that the Borrower may make a Discretionary Sale to (A) an Affiliate of the Borrower with the prior written consent of the Administrative Agent in its sole discretion or (B) to the Seller pursuant to any exercise of the Seller’s mandatory repurchase obligation under Section 7.1 of the Sale Agreement; (v) on the related Discretionary Sale Date, the Administrative Agent, each Lender and the Collateral Custodian, as applicable, shall have received, as applicable, in immediately available funds, an amount equal to the sum of (a) an amount sufficient to reduce the Advances Outstanding such that, after giving effect to the transfer of the Loans that are the subject of such Discretionary Sale, the Required Advance Reduction Amount will be equal to zero plus (b) an amount equal to all unpaid Interest then due and owing to the extent reasonably determined by the Administrative Agent and the Lenders to be attributable to that portion of the Advances Outstanding to be repaid in connection with the Discretionary Sale plus (c) an aggregate amount equal to the sum of all other Obligations then due and owing to the Administrative Agent, each applicable Lender, the Affected Parties and the Indemnified Parties, as applicable, under this Agreement and the other Transaction Documents (or such lesser amount as consented to by the Administrative Agent pursuant to clause (ii) above); (vi) on the related Discretionary Sale Date, the proceeds (net of (x) amounts payable pursuant to Section 2.14(v) and (y) transactional expenses) from such Discretionary Sale shall be sent directly to the Collection Account; and (vii) the aggregate OLB of all Loans which are sold by the Borrower in connection with a Discretionary Sale during any 12-month rolling period shall not exceed 30% of the highest Aggregate OLB at any point during such 12-month period (or such lesser number of months as shall have elapsed from the Closing Date as of such date); provided that, (a) any Discretionary Sale may be excluded from such 30% limitation with the prior written consent of the Administrative Agent and (b) any Discretionary Sale made pursuant to clause (B) or (C) of Section 2.14(iv) shall be excluded from such 30% limitation; provided, further, that the Borrower may make Discretionary Sales of Loans exceeding such 30% limitation if (x) all proceeds from such Discretionary Sales are applied pursuant to Section 2.3(b) to reduce Advances Outstanding and (y) the Facility Amount is concurrently reduced pursuant to Section 2.3(a) by an amount equal to the proceeds of such Discretionary Sales.

  • Performance Period This Agreement shall be performed during the period which begins Oct 01 2020 and ends Sep 30 2022. All services under this Agreement must be rendered within this performance period, unless directly specified under a written change or extension provisioned under Article 14, which shall be fully executed by both parties to this Agreement.

  • Payout At the commencement of the period of leave, the College shall pay to the participant the moneys standing to his/her credit less any premiums or contributions deducted for the year, except as may otherwise be mutually agreed, it being understood that interest is not earned for the period of leave.

  • Participant See Section 7(a) hereof.

  • Performance Measurement The Uniform Guidance requires completion of OMB-approved standard information collection forms (the PPR). The form focuses on outcomes, as related to the Federal Award Performance Goals that awarding Federal agencies are required to detail in the Awards.

  • Performance Measure Grantee will adhere to the performance measures requirements documented in

  • Performance Factors (a) Each party will notify the other party of the existence of a Performance Factor, as soon as reasonably possible after the party becomes aware of the Performance Factor. The Notice will: describe the Performance Factor and its actual or anticipated impact; include a description of any action the party is undertaking, or plans to undertake, to remedy or mitigate the Performance Factor; indicate whether the party is requesting a meeting to discuss the Performance Factor; and address any other issue or matter the party wishes to raise with the other party. (b) The recipient party will provide a written acknowledgment of receipt of the Notice within 7 Days of the date on which the Notice was received (“Date of the Notice”). (c) Where a meeting has been requested under paragraph 7.2(a)(3), the parties agree to meet and discuss the Performance Factors within 14 Days of the Date of the Notice, in accordance with the provisions of section 7.3.

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