Adequately Funded definition

Adequately Funded means a Plan’s assets-to-liabilities relationship described herein. A Plan is Adequately Funded if, as of the last day of the Plan Year which has most recently ended (the “Valuation Date”) and based on an actuarial valuation made as of the first day of such Plan Year by the Plan’s regular actuarial consultant, the value of the Plan’s assets as determined under Section 412(c)(2) of the Internal Revenue Code, including any contributions made to the Plan within eight and 1/2 months of the Valuation Date, is not less than 90% of the Plan’s Current Liability, as determined under Section 412(l)(7) of the Code using the maximum allowable interest rate under such subsection, and recognizing over three years any plan change, such as any plan amendment or required statutory change in benefits, (but not changes in actuarial assumption or normal plan experience). Affiliate as to any Person shall mean any other Person (i) which directly or indirectly controls, is controlled by, or is under common control with such Person, (ii) which beneficially owns or holds, directly or indirectly, 5% or more of any class of the voting or other equity interests of such Person, or (iii) 5% or more of any class of voting interests or other equity interests of which is beneficially owned or held, directly or indirectly, by such Person. Control, as used in this definition, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, including the power to elect a majority of the directors or trustees or individuals holding similar positions of a corporation or trust or other Person, as the case may be. Agent shall mean PNC Bank, National Association, and its successors and assigns. Agreement shall mean this Amended and Restated Credit Agreement, as the same may be supplemented or amended from time to time, including all schedules and exhibits. Annual Statements shall have the meaning assigned to that term in Section 6.1.9(i). Anti-Terrorism Laws shall mean any Laws relating to terrorism or money laundering, including Executive Order No. 13224, the USA Patriot Act, the Laws comprising or implementing the Bank Secrecy Act, and the Laws administered by the United States Treasury Department’s Office of Foreign Asset Control (as any of the foregoing Laws may from time to time be amended, renewed, extended, or replaced).
Sample 1
Adequately Funded means a Plan's assets-to-liabilities relationship described herein. A Plan is Adequately Funded if, as of the last day of the Plan Year which has most recently ended (the "Valuation Date") and based on an actuarial valuation made as of the first day of such Plan Year by the Plan's regular actuarial consultant, the value of the Plan's assets as determined under Section 412(c)(2) of the Internal Revenue Code, including any contributions made to the Plan within eight and 1/2 months of the Valuation Date, is not less than 80% of the Plan's Current Liability, as determined under Section 412(l)(7) of the Code using the maximum allowable interest rate under such subsection, and recognizing over three years any plan change, such as any plan amendment or required statutory change in benefits, (but not changes in actuarial assumption or normal plan experience)."
Sample 1
Adequately Funded means a Plan’s assets-to-liabilities relationship described herein. A Plan is Adequately Funded if, as of the last day of the plan year for such Plan which has most recently ended (the “Valuation Date”) and based on an actuarial valuation made as of the first day of such plan year by the Plan’s regular actuarial consultant, the value of the Plan’s assets as determined under Section 412(c)(2) of the Internal Revenue Code, including any contributions made to the Plan within eight and 1/2 months of the Valuation Date, is not less than 90% of the Plan’s Current Liability, as determined under Section 412(l)(7) of the Internal Revenue Code using the maximum allowable interest rate under such subsection, and recognizing over three years any plan change, such as any plan amendment or required statutory change in benefits (but not changes in actuarial assumption or normal plan experience). Affiliate as to any Person shall mean any other Person (i) which directly or indirectly controls, is controlled by, or is under common control with such Person, (ii) which beneficially owns or holds, directly or indirectly, 5% or more of any class of the voting or other equity interests of such Person, or (iii) 5% or more of any class of voting interests or other equity interests of which is beneficially owned or held, directly or indirectly, by such Person. Control, as used in this definition, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise, including the power to elect a majority of the directors or trustees or individuals holding similar positions of a corporation or trust or other Person, as the case may be.
Sample 1

Examples of Adequately Funded in a sentence

  • Financial Status titles are: Not Started, Bond Requested, Partially Funded Current Payment Schedule, Partially Funded No Additional Payment, Fully Funded Adequately Funded, and Fully Funded Inadequately Funded.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejudicial To Creditors Pursuant To11 U.S.C. Section 1307(C)(1) By Failing To Propose An Adequately Funded Plan, In That The Total Filed Proofs Of Claim Which Are To Trustee: Kenneth E.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejudicial To Creditors Pursuant To 11 U.S.C.Section 1307(C)(1) By Failing To Propose An Adequately Funded Plan,In That The Total Filed Proofs Of Claim Which Are To Be Paid Through The Plan Exceed The Value Of The Plan.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejudicial To Creditors Pursuant To 11 U.S.C.Section 1307(C)(1) By Failing To Propose An Adequately Funded Plan, In That The Total Filed Proofs Of Claim Which Are To Be Paid Through The Plan Exceed The Value Of The Pln.

  • C., Emmerich, W., Finkelstein, A.: Consistency management with repair actions.

  • If the candidate is not currently working with children, but has done in the past, the school should ask that previous employer for a reference covering the applicant’s suitability to work with children.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejuicial To Creditors Pursuant To 11 U.S.C. Section 1307 (C)(1) By Failing To Propose An Adequately Funded Plan,In That The Total Filed Proofs Of Claim Which Are To Be Paid Through The Plan Exceed The Value Of The Plan.

  • There Has Been Unreasonable Delay By Debtor(S) That Is Prejudicial To Creditors Pursuant To 11 U.S.C.Section 1307(C)(1) By Failing To Propose An Adequately Funded Plan, In That The Total Filed Proofs Of Claim Which Are To Be Paid Through The Plan Exceed The Value Of The Plan.

  • The Importance of Adequately Funded Reservescontinued from page 3your assets you are in trouble.

  • There Has Been Unreasonable Delay By Debtor(S)That Is Prejudicial To Creditors Pursuant To 11 U.S.C.Section 1307(C)(1) By Failing To Propose An Adequately Funded Plan,In That The Total Filed Proofs Of Claim Which Are To Be Paid Through The Plan Exceed The Value Of The Plan.


More Definitions of Adequately Funded

Adequately Funded contained in Section 1.1 of the Credit Agreement is hereby amended and restated as follows:
Sample 1

Related to Adequately Funded

  • Fully funded means, with respect to any exposure attributed to a protected cell, that the fair value of the protected cell assets, on the date on which the insurance securitization is effected, equals or exceeds the maximum possible exposure attributable to the protected cell with respect to such exposures.

  • Activity funds means all funds received by school officials

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  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Fundserv means the facility maintained and operated by Fundserv Inc. for electronic communication with participating companies, including the receiving of orders, order match, contracting, registrations, settlement of orders, transmission of confirmation of purchases, and the redemption of investments or instruments.

  • Graduate medical education and disproportionate share fund or “GME/DSH fund” means a reimbursement fund developed as an adjunct reimbursement methodology to directly reimburse qualifying hospitals for the direct and indirect costs associated with the operation of graduate medical education programs and the costs associated with the treatment of a disproportionate share of poor, indigent, nonreimbursed or nominally reimbursed patients for inpatient services.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Student Growth means the change in Student Achievement data for an individual student between two points in time. Growth may also include other measures that are rigorous and comparable across classrooms.

  • Irrigation efficiency (IE) means the measurement of the amount of water beneficially used divided by the amount of water applied. Irrigation efficiency is derived from measurements and estimates of irrigation system characteristics and management practices. The irrigation efficiency for purposes of this ordinance are 0.75 for overhead spray devices and 0.81 for drip systems.

  • Debt Fund Affiliate means any Affiliate of Holdings (other than Holdings, the Borrower or any Subsidiary of the Borrower) that is primarily engaged in, or advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which any Sponsor does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of such Affiliate.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • Unladen vehicle means a vehicle without a driver, or passenger, and unladen, but with its fuel tank full and its normal complement of tools;

  • Student teaching means a supervised teaching practice occurring near the end of an applicant's approved program.

  • Armada Funds entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the Trust Property, and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.

  • Non-Debt Fund Affiliate means any Affiliate of the Sponsor other than (i) Holdings, (ii) any Subsidiary of Holdings, (iii) any Debt Fund Affiliate and (iv) any natural person.

  • CF Shadow Series means a series of Capital Stock that is identical in all respects to the shares of Capital Stock (whether Preferred Stock or another class issued by the Company) issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Stock in an Equity Financing, the Shadow Series would be Series A-CF Preferred Stock), except that:

  • Foreign vehicle means every motor vehicle, trailer, or semitrailer that is brought into the

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Fund Affiliate shall include any person or entity that would be defined as an affiliated person under the 1940 Act.

  • Clear coating means a transparent coating designed to provide the final gloss and resistance properties of the coating system;

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Cannabis establishment means a cannabis cultivator, a cannabis manufacturer, a cannabis wholesaler, or a cannabis retailer.