Mandated Plan definition
Mandated Plan means an International Plan that provides solely benefits mandated by a Governmental Authority.
Mandated Plan has the meaning given to such term in Section 5.40(f).
Mandated Plan means an Employee Benefit Plan maintained by a Governmental Entity.
Examples of Mandated Plan in a sentence
Borrowers shall deliver to Agent a copy of the Port Angeles VCP (if approved by WDOE) or the Mandated Plan, within ten (10) Business Days of receipt thereof by Borrowers.
Agent shall hold $100,000 of the Environmental Reserve for the completion of the Pasco VCP and shall hold $350,000 of the Environmental Reserve for the completion of the Port Angeles VCP (or the Mandated Plan).
On the Closing Date, Agent shall withhold $450,000 from the Loan to fund a reserve (the “Environmental Reserve”), which shall be designated for use by Borrowers to fund the costs of compliance with and completion of the Pasco VCP and the Port Angeles VCP (or the Mandated Plan).