Source of Funds for Loan Sample Clauses

Source of Funds for Loan. The amount of the loan will be deducted from the Member's Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement):
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Source of Funds for Loan. The amount of the loan will be deducted from the Member’s Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement): • First from the vested Employer profit sharing contributions plus earnings thereon. • Next from the Employer qualified nonelective contributions plus earnings thereon. • Next from the Member’s 401(k) deferrals plus earnings thereon. • Next from the Member’s safe harbor CODA contributions plus earnings thereon. • Next from the vested Employer basic contributions plus earnings thereon. • Next from the vested Employer supplemental contributions plus earnings thereon. • Next from the vested Employer matching contributions plus earnings thereon. • Next from the Member’s rollover contributions plus earnings thereon. • Next from the Member’s after-tax contributions made after December 31, 1986 plus earnings on all of the Member’s after-tax contributions. • Next from the Member’s after-tax contributions made prior to January 1, 1987.
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Source of Funds for Loan. The amount of the loan will be deducted from the Member's Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement): . First from the Employer profit sharing contributions plus earnings thereon. . Next from the Employer qualified nonelective contributions plus earnings thereon. . Next from the Member's 401(k) deferrals plus earnings thereon. . Next from the Employer basic contributions plus earnings thereon. . Next from the Employer supplemental contributions plus earnings thereon. . Next from the Employer matching contributions plus earnings thereon. . Next from the Member's rollover contributions plus earnings thereon. . Next from the Member's after-tax contributions made after December 31,1986 plus earnings on all of the Member's after-tax contributions. . Next from the Member's after-tax contributions made prior to January 1,1987.
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Source of Funds for Loan. 60 Section 5
Sample 1

Related to Source of Funds for Loan

  • Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder:

  • Funds for Loans (a) Not later than 1:00 p.m. (Cleveland time) on the proposed Drawdown Date of any Revolving Credit Loans or Term Loans, each of the Revolving Credit Lenders or Term Loan Lenders, as applicable, will make available to the Agent, at the Agent’s Head Office, in immediately available funds, the amount of such Lender’s Commitment Percentage of the amount of the requested Loans which may be disbursed pursuant to §2.1 or §2.2. Upon receipt from each such Revolving Credit Lender or Term Loan Lender, as applicable, of such amount, and upon receipt of the documents required by §10 and §11 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans or Term Loans made available to the Agent by the Revolving Credit Lenders or Term Loan Lenders, as applicable, by crediting such amount to the account of the Borrower maintained at the Agent’s Head Office. The failure or refusal of any Revolving Credit Lender or Term Loan Lender to make available to the Agent at the aforesaid time and place on any Drawdown Date, or on the Closing Date or Commitment Increase Date (if applicable) with respect to any Term Loans, the amount of its Commitment Percentage of the requested Loans shall not relieve any other Revolving Credit Lender or Term Loan Lender from its several obligation hereunder to make available to the Agent the amount of such other Lender’s Commitment Percentage of any requested Loans, including any additional Revolving Credit Loans that may be requested subject to the terms and conditions hereof to provide funds to replace those not advanced by the Lender so failing or refusing.

  • Advance of Funds by Seller After origination, no advance of funds has been made by Seller to the related Mortgagor other than in accordance with the Mortgage Loan documents, and, to Seller’s knowledge, no funds have been received from any person other than the related Mortgagor or an affiliate for, or on account of, payments due on the Mortgage Loan (other than as contemplated by the Mortgage Loan documents, such as, by way of example and not in limitation of the foregoing, amounts paid by the tenant(s) into a lender-controlled lockbox if required or contemplated under the related lease or Mortgage Loan documents). Neither Seller nor any affiliate thereof has any obligation to make any capital contribution to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to the date hereof.

  • Funds of Funds The Adviser shall serve as investment adviser for each Portfolio listed below (each a “Fund of Funds”). Lifestyle Aggressive Portfolio Lifecycle 2010 Portfolio Lifestyle Balanced Portfolio Lifecycle 2015 Portfolio Lifestyle Conservative Portfolio Lifecycle 2020 Portfolio Lifestyle Growth Portfolio Lifecycle 2025 Portfolio Lifestyle Moderate Portfolio Lifecycle 2030 Portfolio (collectively, the “Lifestyle Portfolios”) Lifecycle 2035 Portfolio Lifecycle 2040 Portfolio Retirement 2010 Portfolio Lifecycle 2045 Portfolio Retirement 2015 Portfolio Lifecycle 2050 Portfolio Retirement 2020 Portfolio (collectively, the “ Lifecycle Portfolios”) Retirement 2025 Portfolio Retirement 2030 Portfolio Retirement Distribution Portfolio Retirement 2035 Portfolio Retirement Rising Distribution Portfolio Retirement 2040 Portfolio (collectively, the “Retirement Distribution Portfolios”) Retirement 2045 Portfolio Retirement 2050 Portfolio Alternative Asset Allocation Fund (collectively, the “Retirement Portfolios”)

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

  • Cost of funds (a) If this Clause 3.7 (Cost of funds) applies, the rate of interest on the Loan or the relevant part of the Loan for the relevant Interest Period shall be the percentage rate per annum which is the sum of:

  • LIST OF FUNDS This Schedule A, as may be amended from time to time, is incorporated into that certain Agency Agreement dated April 30, 2010 by and between DST Systems, Inc. and Lord Xxxxxx Family of Funds. Capitalized terms used herein but not defined herein in this Schedule A have the meanings given to such terms in the Agreement. The following table is the list of the Funds within the Lord Xxxxxx Family of Funds. Registrants are listed in bold font and each Registrant’s Series, if any, are listed in italics immediately below the Registrant. LORD XXXXXX AFFILIATED FUND, INC. LORD XXXXXX BLEND TRUST Lord Xxxxxx Small-Cap Blend Fund LORD XXXXXX BOND-DEBENTURE FUND, INC. LORD XXXXXX DEVELOPING GROWTH FUND, INC. LORD XXXXXX GLOBAL FUND, INC. Lord Xxxxxx Global Allocation Fund Lord Xxxxxx Developing Local Markets Fund LORD XXXXXX INVESTMENT TRUST Lord Xxxxxx Convertible Fund Lord Xxxxxx Core Fixed Income Fund Lord Xxxxxx Floating Rate Fund Lord Xxxxxx High Yield Fund Lord Xxxxxx Income Fund Lord Xxxxxx Short Duration Income Fund Lord Xxxxxx Total Return Fund Lord Xxxxxx Balanced Strategy Fund Lord Xxxxxx Diversified Income Strategy Fund Lord Xxxxxx Growth & Income Strategy Fund Lord Xxxxxx Diversified Equity Strategy Fund LORD XXXXXX MID-CAP VALUE FUND, INC. 1 As amended on November 19, 2010 to reflect (1) the Reorganization of each of Lord Xxxxxx Connecticut Tax-Free Income Fund, Georgia Series, Lord Xxxxxx Hawaii Tax-Free Income Fund, Lord Xxxxxx Missouri Tax-Free Income Fund, and Pennsylvania Series into Lord Xxxxxx National Tax-Free Income Fund; and (2) the Redomestication of each of Lord Xxxxxx High Yield Municipal Bond Fund, Lord Xxxxxx Intermediate Tax-Free Fund, and Lord Xxxxxx Short Duration Tax Free Fund, as a series of Lord Xxxxxx Municipal Income Fund, Inc. LORD XXXXXX MUNICIPAL INCOME FUND, INC. Lord Xxxxxx AMT Free Municipal Bond Fund Lord Xxxxxx California Tax-Free Income Fund Lord Xxxxxx High Yield Municipal Bond Fund Lord Xxxxxx Intermediate Tax-Free Fund Lord Xxxxxx National Tax-Free Income Fund Lord Xxxxxx New Jersey Tax-Free Income Fund Lord Xxxxxx New York Tax-Free Income Fund Lord Xxxxxx Short Duration Tax Free Fund LORD XXXXXX RESEARCH FUND, INC. Lord Xxxxxx Capital Structure Fund Lord Xxxxxx Classic Stock Fund Lord Xxxxxx Growth Opportunities Fund Small-Cap Value Series LORD XXXXXX SECURITIES TRUST Lord Xxxxxx Alpha Strategy Fund Lord Xxxxxx Fundamental Equity Fund Lord Xxxxxx International Core Equity Fund Lord Xxxxxx International Dividend Income Fund Lord Xxxxxx International Opportunities Fund Lord Xxxxxx Large-Cap Value Fund Lord Xxxxxx Micro-Cap Growth Fund Lord Xxxxxx Micro-Cap Value Fund Lord Xxxxxx Value Opportunities Fund LORD XXXXXX SERIES FUND, INC. Bond-Debenture Portfolio Capital Structure Portfolio Classic Stock Portfolio Developing Growth Portfolio Fundamental Equity Portfolio Growth and Income Portfolio Growth Opportunities Portfolio International Core Equity Portfolio International Opportunities Portfolio Mid-Cap Value Portfolio Total Return Portfolio Value Opportunities Portfolio LORD XXXXXX STOCK APPRECIATION FUND LORD XXXXXX U.S. GOVERNMENT & GOVERNMENT SPONSORED ENTERPRISES

  • Maintenance of Fund's Assets Abroad The Fund, acting through its Board or its duly authorized representative, hereby instructs the Delegate pursuant to the terms of the Custodian Agreement dated as of the date hereof executed by and between the Fund and the Delegate (the Custodian Agreement) to place and maintain the Fund's Assets in countries outside the United States in accordance with Instructions received from the Fund’s Investment Advisor. Such instruction shall constitute an Instruction under the terms of the Custodian Agreement. The Fund acknowledges that (a) the Delegate shall perform services hereunder only with respect to the countries where it accepts delegation as Foreign Custody Manager as indicated on the Delegate’s Global Custody Network Listing; (b) depending on conditions in the particular country, advance notice may be required before the Delegate shall be able to perform its duties hereunder in or with respect to such country (such advance notice to be reasonable in light of the specific facts and circumstances attendant to performance of duties in such country); and (c) nothing in this Delegation Schedule shall require the Delegate to provide delegated or custodial services in any country, and there may from time to time be countries as to which the Delegate determines it will not provide delegation services.

  • Investment of Funds in the Collection Accounts and the Distribution Account. (a) Each Servicer may invest the funds in the related Collection Account and the related Escrow Account (to the extent permitted by law and the related Mortgage Loan documents) and the Trustee may (but is not obligated to) invest funds in the Distribution Account during the Trustee Float Period, and, with respect to the portion of funds in the Distribution Account deposited by a Servicer, shall (except during the Trustee Float Period) invest such funds in the Distribution Account at the direction of such Servicer (for purposes of this Section 3.12, such Accounts are referred to as an "Investment Account"), in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement; provided, however, that the Trustee shall have no obligation to invest funds deposited into the Distribution Account by a Servicer on the Remittance Date later than 10:00 a.m. (Pacific Standard Time). If no investment instruction is given in a timely manner, the Trustee shall hold the funds in the Distribution Account uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account (other than investments made during the Trustee Float Period) shall be made in the name of the Trustee in Permitted Investments selected by the applicable Servicer. The applicable Servicer shall be entitled to sole possession (except with respect to investment direction of funds and any income and gain realized on any investment in the Distribution Account during the Trustee Float Period, which shall be for the sole benefit of the Trustee) over each such related investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the applicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee or its agent (with a copy to the Trustee or its agent if related to investment of funds in the Distribution Account not during the Trustee Float Period), together with any document of transfer necessary to transfer title to such investment to the applicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee or its agent. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the applicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee may:

  • Advance of Funds by the Seller After origination, no advance of funds has been made by the Seller to the related Mortgagor other than in accordance with the Loan Documents, and, to the Seller’s knowledge, no funds have been received from any person other than the related Mortgagor or an affiliate for, or on account of, payments due on the Mortgage Loan (other than as contemplated by the Loan Documents, such as, by way of example and not in limitation of the foregoing, amounts paid by the tenant(s) into a Mortgagee-controlled lockbox if required or contemplated under the related lease or Loan Documents). Neither the Seller nor any affiliate thereof has any obligation to make any capital contribution to any Mortgagor under a Mortgage Loan, other than contributions made on or prior to the date hereof.

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