Benefit Plan Investor definition
Benefit Plan Investor means an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA, a “plan” as defined in and subject to Section 4975 of the Code or an entity whose underlying assets include plan assets of any of the foregoing.
Benefit Plan Investor shall have the meaning assigned to such term in Section 3.9.
Benefit Plan Investor means a benefit plan investor as defined in the Plan Asset Regulations.
Examples of Benefit Plan Investor in a sentence
If the Borrower shall have one or more “benefit plan investors” within the meaning of the Plan Asset Regulation (each, a “Benefit Plan Investor”), the Borrower agrees to use commercially reasonable efforts to (i) prevent the assets of the Borrower being deemed Plan Assets of any such Benefit Plan Investor and (ii) promptly provide notice to the Lender in writing if the Borrower has reason to believe that the assets of the Borrower constitute Plan Assets of any Benefit Plan Investor.
More Definitions of Benefit Plan Investor
Benefit Plan Investor means a benefit plan investor as defined in regulations
Benefit Plan Investor means (a) any “employee benefit plan” (as defined in Section 3(3) of Title I of ERISA) that is subject to the fiduciary responsibility provisions of Title I of ERISA, (b) any “plan” as defined in Section 4975(e) of the Code that is subject to Section 4975 of the Code, (c) any governmental or other plan or arrangement that is not subject to ERISA or to Section 4975 of the Code but is subject to any law or restriction substantially similar to Section 406 of ERISA or Section 4975 of the Code or (d) any entity whose underlying assets include “plan assets” of the foregoing employee benefit plans or plans (within the meaning of the DOL Regulations or otherwise).
Benefit Plan Investor. As defined in Section 5.02(b) hereof.
Benefit Plan Investor means a Member who is subject to ERISA or to the prohibited transaction provisions of Section 4975 of the Code.
Benefit Plan Investor has the meaning specified in Section 2.4 of the Indenture.
Benefit Plan Investor. Any (i) "employee benefit plan" (as defined in Section 3(3) of ERISA) that is subject to Part 4 of subtitle B of Title I of ERISA, (ii) "plan" described in Section 4975(e)(1) of the Code to which Section 4975 of the Code applies or (iii) entity whose underlying assets are deemed to include "plan assets" by reason of any such employee benefit plan's or any such plan's investment in the entity within the meaning of the Plan Asset Regulation or otherwise.
Benefit Plan Investor means an employee benefit plan, as described in Section 3(3) of ERISA that is subject to Title I of ERISA, a plan subject to Section 4975 of the United States Internal Revenue Code 1986, as amended, or a governmental plan or church plan which is subject to any federal, state or local law that is substantially similar to the provisions of Section 406 of ERISA or Section 4975 of the Code, or an entity whose assets are treated as assets of such a plan or such other entity as the Directors may determine and disclose in the Prospectus.