ERISA Partner definition

ERISA Partner means a Limited Partner that is either (i) a “benefit plan investor” within the meaning of Section 3(42) of ERISA and Section 2510.3-101(f)(2) of the Plan Assets Regulations or (ii) any Government Plan.

ERISA Partner means, with respect to any determination hereunder, (i) any Limited Partner that (A) is a Benefit Plan Investor and (B) has notified the General Partner in writing of such status at any time prior to such determination or (ii) any Limited Partner designated as an “ERISA Partner” by the General Partner with such Limited Partner’s consent (which designation may be for purposes of any or all provisions of this Agreement).

ERISA Partner means any Partner that is a “benefit plan investor” and which has notified the General Partner in writing of such status at any time prior to such determination.

Examples of ERISA Partner in a sentence

• They are concentrated on particular issues and comprise member from qualified institutions working on drug issues as well as representatives from governmental bodies.The Council is in close cooperation with the Country Coordination Mechanism (CCM).

• The General Partner shall promptly notify each ERISA Partner in writing if there is a reasonable likelihood that the assets of the Partnership will be deemed to include Plan Assets.

• In addition, the General Partner shall not unreasonably withhold its consent to a Transfer by an ERISA Partner (i) of all or part of its beneficial interest, in the event that the Partnership is deemed to hold Plan Assets, or (ii) of all of its beneficial interest to a successor trustee or trust, provided in each case the Transfer otherwise complies with the terms of this Agreement and does not create an unreasonable regulatory burden for the Partnership.

• No Partner shall have the right to withdraw its capital and profits from the Partnership, except as provided in Section 12.5 of this Agreement with respect to ERISA Partner withdrawal and as provided in Section 18.19 of this Agreement.

• In the event of the issuance and delivery of such opinion of counsel, the General Partner shall promptly provide to each Partner a copy thereof, together with a copy of the written notice of the election of such ERISA Partner to withdraw or the written demand of the General Partner for withdrawal, as the case may be.

More Definitions of ERISA Partner

ERISA Partner means either any (a) Limited Partner or (b) holder of shares of beneficial interest in the General Partner that received such Shares in the mergers of ZML Investors, Inc., ZML Investors II, Inc., Zell/Xxxrxxx Xxxcx Xxxl Estate Opportunity Partners III Trust, and Zell/Xxxrxxx Xxxcx Xxxl Estate Opportunity Partners IV Trust into the General Partner, and which Limited Partner or shareholder is either (i) an employee benefit plan subject to Title I of ERISA or section 4975 of the Code, or (ii) a nominee for or a trust established pursuant to such employee benefit plan, or (iii) which is an entity whose underlying assets include assets of such employee benefit plan by reason of such plan's investment in such entity.

ERISA Partner means any Limited Partner that is (a) an “employee benefit plan” within the meaning of Section 3(3) of ERISA and subject to Part 4 of Title I of ERISA, (b) a “plan”, as defined in Section 4975(e)(1) of the Code, to which the provisions of Section 4975 of the Code are applicable, or (c) any other Person, any of the assets of which, or held by which, constitute, under applicable law, assets of an employee benefit plan subject to the provisions of Part 4 of Title I of ERISA or of a plan subject to the provisions of Section 4975 of the Code.

ERISA Partner means each Limited Partner the assets of which constitute “plan assets” under ERISA.

ERISA Partner means any Limited Partner that is (or is acting on behalf of or using the assets of) any “benefit plan investor” within the meaning of Section 3(42) of ERISA (which, for the avoidance of doubt, shall include any (i) employee benefit plan (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (ii) plan (as defined in Section 4975(e)(1) of the Code) to which Section 4975 of the Code applies, including an individual retirement account and certain Keogh Plans, or (iii) entity whose underlying assets include “plan assets” of a plan described in clauses (i) or (ii) above by reason of a plan’s investment in such entity, including, as applicable, an insurance company general account, an insurance company separate account or a collective investment fund).

ERISA Partner means either any (a) Limited Partner or (b) holder of shares of beneficial interest in the Managing General Partner that received such Shares in the mergers of ZML Investors, Inc., ZML Investors II, Inc., Zell/Xxxrxxx Xxxcx Xxxl Estate Opportunity Partners III Trust, and Zell/Xxxrxxx Xxxcx Xxxl Estate Opportunity Partners IV Trust into the Managing General Partner, and which Limited Partner or shareholder is either (i) an employee benefit plan subject to Title I of ERISA or section 4975 of the Code, or (ii) a nominee for or a trust established pursuant to such employee benefit plan, or (iii) which is an entity whose underlying assets include assets of such employee benefit plan by reason of such plan's investment in such entity.

ERISA Partner means any Partner that is (i) a Benefit Plan Investor, or (ii) a nominee for, or is using the assets of, or is a trust established with respect to, one or more Benefit Plan Investors.

ERISA Partner means any Limited Partner that is a "benefit plan investor" within the meaning of the U.S. Department of Labor "plan asset" regulations, 29 CFR 2510.3-101(f)(2).