Common use of Plan Assets Clause in Contracts

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101 in such Seller’s hands.

Appears in 3 contracts

Samples: Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (New Century Financial Corp)

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Plan Assets. No Seller is shall be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, Code and the Purchased Mortgage Loans are Sellers shall not use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in such Seller’s handsthis Repurchase Agreement or any Transaction hereunder.

Appears in 3 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (New Century Financial Corp), Master Repurchase Agreement (New Century Financial Corp)

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101 in such Seller’s the Sellers’ hands.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp)

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not "plan assets" within the meaning of 29 CFR §2510.3ss.2510.3-101 in such Seller’s the Sellers' hands.

Appears in 2 contracts

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.), Master Repurchase Agreement (MortgageIT Holdings, Inc.)

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101 in such the Seller’s hands.

Appears in 2 contracts

Samples: Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (New Century Financial Corp)

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans Assets are not “plan assets” within the meaning of 29 CFR §2510.3-101 in such the Seller’s hands.

Appears in 2 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (New Century Financial Corp)

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not "plan assets" within the meaning of 29 CFR §2510.3-101 in such Seller’s the Sellers' hands.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

Plan Assets. No Seller None of the Sellers is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101 in such the Seller’s hands.

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

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Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans Assets are not "plan assets" within the meaning of 29 CFR §2510.3ss.2510.3-101 in such Seller’s the Sellers' hands.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans Assets are not “plan assets” within the meaning of 29 CFR §2510.3-101 in such Seller’s the Sellers’ hands.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)

Plan Assets. No Seller is shall be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, Code and the Purchased Mortgage Loans are not no Seller shall use “plan assets” within the meaning of 29 CFR §2510.3-101 to engage in such Seller’s handsthis Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Plan Assets. No Seller is an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, and the Purchased Mortgage Loans are not “plan assets” within the meaning of 29 CFR §2510.3-101 101, as modified by Section 3(42) of ERISA, in such any Seller’s handshands and transactions by or with such Seller are not subject to any foreign state or local statute regulating investments of, or fiduciary obligations with respect to, governmental plans within the meaning of Section 3(32) of ERISA.

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

Plan Assets. No Seller is shall be an employee benefit plan as defined in Section 3 of Title I of ERISA, or a plan described in Section 4975(e)(1) of the Code, Code and the Purchased Mortgage Loans are not “no Seller shall use "plan assets" within the meaning of 29 CFR §2510.3ss.2510.3-101 to engage in such Seller’s handsthis Repurchase Agreement or any Transaction hereunder.

Appears in 1 contract

Samples: Master Repurchase Agreement (American Home Mortgage Investment Corp)

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