Ineligible Participant definition
Ineligible Participant means any Person that is engaged in automotive vehicle manufacturing, automotive vehicle distribution, automotive vehicle parts manufacturing or automotive vehicle parts distribution and is a direct competitor of the Company or any of its Subsidiaries or any captive finance company controlled by such Person. For purposes of determining if a Person is an Ineligible Participant, an institutional investor which is a passive investor in the financing of equipment or facilities used in automotive vehicle manufacturing, automotive vehicle distribution, automotive vehicle parts manufacturing or automotive vehicle parts distribution shall not, solely by reason of such investment, be deemed to be engaged in such businesses.
Ineligible Participant. Persons identified by the U.S. Borrower to the Administrative Agent and the Lenders from time-to-time as Persons to whom no Participation may be sold pursuant to Section 11.7 for competitive reasons, and as to which the Administrative Agent has consented to the designation of such Person as an Ineligible Participant.
Ineligible Participant. The Plan status of a Participant who is (1) an Employee of a Related Company which is not then an Employer, or (2) an Employee of an Employer, but not an Eligible Employee.
Examples of Ineligible Participant in a sentence
An Ineligible Participant or former Participant shall automatically become an active Participant on the date he or she again becomes an Eligible Employee.
With regard to an Eligible Employee whose employment classification changes from nonbargaining to bargaining or from common-law employee to Leased Employee, and who as a result of such change becomes an Ineligible Participant under this Plan, he or she shall cease being considered an Eligible Employee under this Plan as soon as administratively reasonable after the date of such change in employment classification.
A Participant may not make or share in Plan Contributions during the period he or she is Ineligible, nor generally be eligible for a new Plan loan, except if such Ineligible Participant is an Employee, but he or she shall continue to participate for all other purposes.
Unless otherwise agreed in writing with Us, You must not demand or receive any payment or other consideration either directly or indirectly from any Eligible Job Seeker or any RJCP Ineligible Participant for, or in connection with, the Services.
In addition to Your obligations under clause 19.1, You must, prior to involving an Eligible Job Seeker or an RJCP Ineligible Participant in activities that involve any contact with a Vulnerable Person, conduct, or facilitate the conduct of, a Police Check of that Eligible Job Seeker or RJCP Ineligible Participant.
More Definitions of Ineligible Participant
Ineligible Participant means any Participant who (i) has not completed at least one thousand (1,000) Hours of Service with the Participating Companies during the Plan Year, (ii) was not employed by a Participating Company or an Affiliated Company on the last day of the Plan Year, or (iii) did not elect, pursuant to Paragraph A of Section Six, to reduce his Compensation.
Ineligible Participant means any Person that is engaged in automotive vehicle manufacturing, automotive vehicle distribution, automotive vehicle parts manufacturing or automotive vehicle parts distribution and is a direct competitor of the Parent, the Company or any of their respective Subsidiaries or any captive finance company controlled by such Person. For purposes of determining if a Person is an Ineligible Participant, an institutional investor which is a passive investor in the financing of equipment or facilities used in automotive vehicle manufacturing, automotive vehicle distribution, automotive vehicle parts manufacturing or automotive vehicle parts distribution shall not, solely by reason of such investment, be deemed to be engaged in such businesses.
Ineligible Participant means any Person that shall have filed an election to be regulated as a “business development company” under the Investment Company Act and that such filing is publicly available.
Ineligible Participant means a Participant who no longer satisfies any SEPP eligibility criterion or is designated by the Committee as no longer being eligible to be a Participant.
Ineligible Participant. Persons identified by the U.S. Borrower to the Administrative Agent and the Lenders from time-to-time as Persons to whom no Participation may be sold pursuant to Section 11.7 for competitive reasons, and as to which the Administrative Agent has consented to the designation of such Person as an Ineligible Participant. “Insolvency”: with respect to any Multiemployer Plan, the condition that such plan is insolvent within the meaning of Section 4245 of ERISA. “Insolvency Laws”: each of the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada), and the Winding-Up and Restructuring Act (Canada), each as now and hereafter in effect, any successors to such statutes and any other applicable insolvency or other similar law of any jurisdiction, including any corporate law of any jurisdiction permitting a debtor to obtain a stay or a compromise of the claims of its creditors against it. “Insolvent”: pertaining to a condition of Insolvency. “Intellectual Property”: as defined in Section 5.9. “Intercompany Subordinated Indebtedness”: with respect to any Loan Party, Indebtedness owed by such Loan Party to the MLP or any Subsidiary that is subject to a subordination agreement substantially in the form of Exhibit H-1. “Interest Payment Date”: (a) with respect to any Base Rate Loan or Prime Rate Loan (including, for the avoidance of doubt, any Swing Line Loan), (i) prior to the Dollar Working Capital Facility Committed Tranche Maturity Date, the Dollar Working Capital Facility Uncommitted Tranche Maturity Date, the Multicurrency Working Capital Facility Maturity Date or the Acquisition Facility Maturity Date, as applicable, the first Business Day of each month and (ii) the Dollar Working Capital Facility Committed Tranche Maturity Date, Dollar Working Capital Facility Uncommitted Tranche Maturity Date, the Multicurrency Working Capital Facility Maturity Date or the Acquisition Facility Maturity Date, as applicable, and (b) with respect to any CDOR Loan or Term SOFR Loan, the last day of each Interest Period with respect thereto and, with respect to any Term SOFR Loan having an Interest Period of six (6) months, the last day of such Interest Period and the date which is three (3) months after the start of such Interest Period and the last day of such Interest Period. “Interest Period”: (a) with respect to any Term SOFR Loan: (i) initially, the period commencing on the Borrowing Date or Conversion date, as the case may be, with respect to s...
Ineligible Participant means any Person that is engaged in automotive vehicle manufacturing, automotive vehicle distribution, automotive vehicle parts manufacturing or automotive vehicle parts distribution and is a direct competitor of the Parent, the Company or any of their respective Subsidiaries or any captive finance company controlled by such Person. For purposes of determining if a 509265-1725-08888-13316466 18 Person is an Ineligible Participant, an institutional investor which is a passive investor in the financing of equipment or facilities used in automotive vehicle manufacturing, automotive vehicle distribution, automotive vehicle parts manufacturing or automotive vehicle parts distribution shall not, solely by reason of such investment, be deemed to be engaged in such businesses.
Ineligible Participant means any member who is 71-30 not an eligible participant [limitation, the family aggregation 71-31 rules of Section 414(q)(6) of the code apply, except that the term 71-32 "family member" includes only the spouse of the member and any 71-33 lineal descendants of the member who have not attained age 19 at the 71-34 end of the plan year. If as a result of this family aggregation 71-35 requirement, the $200,000 limit is exceeded, the limitation shall 71-36 be prorated among the affected individuals in proportion to each 71-37 individual ’s compensation as determined before application of the 71-38 limit].