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

  • The foregoing representation will be based on a list of the Other Purchasers to be provided by the Manager to each ERISA Partner prior to the Effective Date.

  • 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.

  • Such distribution to the withdrawing ERISA Partner shall be payable in cash or cash equivalents.

  • 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.

  • Anything herein to the contrary notwithstanding, the right of withdrawal of any ERISA Partner under this Section 12.5 shall be the sole and exclusive remedy for a breach by the General Partner of any of its agreement or covenants contained in this Section 12.5.


More Definitions of ERISA Partner

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 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 each Limited Partner the assets of which constitute “plan assets” under ERISA.
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 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 shall have the meaning ascribed to such term in Section 11.02(a)
ERISA Partner means a Limited Partner that (a) (i) is a “benefit plan investor” (as such term is defined in the DOL Regulations as modified by section 3(42) of ERISA) subject to the fiduciary responsibility provisions of part 4 of title I of ERISA or is a “plan” (as such term is defined in section 4975(e) of the Code) subject to section 4975 of the Code and (ii) so indicates on its Subscription Agreement or otherwise in a writing acknowledged by the General Partner or (b) is designated as an