Financed Shares definition

Financed Shares means shares of Company Stock acquired by the Trustee with the proceeds of an Acquisition Loan, which shall constitute “qualifying employer securities” under Section 409(l) of the Code and any shares of Company Stock received upon conversion or exchange of such shares.

Financed Shares means the Employer Securities acquired by the Trustee with the proceeds of an Exempt Loan and which are credited to the Exempt Loan Suspense Account until they are released in accordance with Section 8.5.

Financed Shares means shares of Company Stock, whether allocated or unallocated, which have been purchased by means of an Exempt Loan.

Examples of Financed Shares in a sentence

• Schedule of Non-Cash Compensation Paid to Owners or Employees Description Line # $ 255,586 Amount$ Non-allowable advertising Yellow page advertising TOTAL (agree to Sch.

• An Acquisition Loan may be secured by a collateral pledge of the Financed Shares so acquired and any other Plan assets, which are a permissible security within the provisions of Regulation Section 54.4975-7(b).

• An Acquisition Loan may be secured by a collateral pledge of the Financed Shares so acquired.

• After the application of and notwithstanding paragraphs 5.2 and 14.2, in the event that the market value of Financed Shares released from the Loan Suspense Account would result in an allocation in excess of the match contemplated in the applicable Schedules, the Committee shall increase the matching percentage of Participants who are not subject to the terms of collective bargaining agreements in the manner determined in the sole discretion of the Committee in order to allocate in full the shares released.

• The Acquisition Loan provides for the release of any Financed Shares held as collateral for the loan in the manner specified in this paragraph.

More Definitions of Financed Shares

Financed Shares means shares of Employer Stock acquired by the Trust with the proceeds of an Acquisition Loan.

Financed Shares means Shares purchased with the proceeds of an Exempt Loan and held in a Suspense Account. The term shall not include Shares that have been released from a Suspense Account and allocated to the ESOP Accounts of Participants or beneficiaries in accordance with subsection 19.12 of the ESOP.

Financed Shares means shares of Qualifying Employer Securities acquired by the Trust with the proceeds of an Acquisition Loan, whether or not pledged as collateral to secure the repayment of such Acquisition Loan.

Financed Shares means shares of Company Stock acquired with the proceeds of an Acquisition Loan.

Financed Shares means shares of Atlantic Richfield Company Common Stock acquired by the Trustee with the proceeds of an Acquisition Loan.

Financed Shares means shares of Stock acquired by the Trust Fund with the proceeds of an Acquisition Loan, whether or not pledged as collateral to secure the repayment of that Acquisition Loan.

Financed Shares means Shares of Employer Stock acquired with the proceeds of an Acquisition Loan, which may or may not be encumbered by the terms of the Loan.