Common use of Prohibited Transaction Clause in Contracts

Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue Code.

Appears in 16 contracts

Samples: Loan and Security Agreement, Stock Purchase Plan, Promissory Note, Credit Note, Guaranty, Asset Purchase Agreement (PHC Inc /Ma/), Loan and Security Agreement (Intensiva Healthcare Corp), Loan and Security Agreement (Newcare Health Corp)

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Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue CodeCode that is not exempt under Section 407 or Section 408 of ERISA or Section 4975(c)(2) or (d) of the Internal Revenue Code or under a class exemption granted by the U.S. Department of Labor.

Appears in 7 contracts

Samples: Loan and Security Agreement (SFBC International Inc), Loan and Security Agreement (Trizetto Group Inc), Loan and Security Agreement (Idx Systems Corp)

Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(14975(c)(l) of the Internal Revenue CodeCode that is not exempt under Section 407 or Section 408 of ERISA or Section 4975(c)(2) or (d) of the Internal Revenue Code or under a class exemption granted by the U.S. Department of Labor.

Appears in 3 contracts

Samples: Revolving Loan and Security Agreement (Sunlink Health Systems Inc), Loan Agreement (Tandem Health Care, Inc.), Loan and Security Agreement (Southland Health Services, Inc.)

Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue CodeCode that is not exempt under Section 407 or Section 408 of ERISA or Section 4975(c)(2) or (d) of the Internal Revenue Code or under a class exemption granted by the U.S. Department of Labor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Digirad Corp), Loan and Security Agreement (Correctional Services Corp)

Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue CodeCode that is not exempt under Section 407 or Section 408 of ERISA or Section 4975(c)(2) or (d) of the Internal Revenue code or under a class exemption granted by the U.S. Department of Labor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ensign Group, Inc), Loan and Security Agreement (LTC Healthcare Inc)

Prohibited Transaction. Prohibited Transaction" means a --------------------------------------- "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue Code.

Appears in 1 contract

Samples: Loan and Security Agreement (International Nursing Services Inc)

Prohibited Transaction. Prohibited Transaction" means a ----------------------- "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue Code.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcor Holdings Inc)

Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" ------------------------ within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue CodeCode that is not exempt under Section 407 or Section 408 of ERISA or Section 4975(c)(2) or (d) of the Internal Revenue Code or under a class exemption granted by the U.S. Department of Labor.

Appears in 1 contract

Samples: Loan and Security Agreement (Harborside Healthcare Corp)

Prohibited Transaction. Prohibited Transaction" means a ---------------------- "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue Code.

Appears in 1 contract

Samples: Loan and Security Agreement (Creditrust Corp)

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Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue Code.Internal

Appears in 1 contract

Samples: Loan and Security Agreement (Odyssey Healthcare Inc)

Prohibited Transaction. Prohibited Transaction" ---------------------- means a "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue CodeCode that is not exempt under Section 407 or Section 408 of ERISA or Section 4975(c)(2) or (d) of the Internal Revenue Code or under a class exemption granted by the U.S. Department of Labor.

Appears in 1 contract

Samples: Loan and Security Agreement (Lasersight Inc /De)

Prohibited Transaction. Prohibited Transaction" means a ----------------------- "prohibited transaction" within the meaning of Section 406 of ERISA or Section 4975(c)(1) of the Internal Revenue CodeCode that is not exempt under Section 407 or Section 408 of ERISA or Section 4975(c)(2) or (d) of the Internal Revenue Code or under a class exemption granted by the U.S. Department of Labor.

Appears in 1 contract

Samples: Loan and Security Agreement (New York Health Care Inc)

Prohibited Transaction. Prohibited Transaction" means a "prohibited transaction" within (i) has the meaning of given to such term in Section 406 of ERISA or Section 4975(c)(14975(c) of the Internal Revenue Code, and (ii) means any transaction prohibited b Section 406(a) of ERISA.

Appears in 1 contract

Samples: Business Loan Agreement (Heist C H Corp)

Prohibited Transaction. Prohibited Transaction" means a "A non-exempt prohibited transaction" transaction (within the meaning of Section 406 of ERISA or Section 4975(c)(1) 4975 of the Internal Revenue Code).

Appears in 1 contract

Samples: Limited Partnership Agreement (Cmgi Inc)

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