Pension Loan definition

Pension Loan means loans from Finnish or Swedish pension insurance companies granted by such company to a Group Company as a result of the re-borrowing of pension funds deposited with that company by a Group Company.
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Pension Loan means loans from Finnish or Swedish pension insurance companies granted by such company to a member of the Group as a result of the re-borrowing of pension funds deposited with that company by a member of the Group.
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Pension Loan means a loan made to a current elected official or former elected official that is capped at 50% of his/her vested amount, but no more than $20,000.00, according to the terms of this Pension Plan.
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Examples of Pension Loan in a sentence

  • Charges/ Fees/ CommissionsFollowing charges are applicable for Personal Loan and ‘Kruthahastha’ Pension Loan facilities.1. CRIB Charges2.

  • The company offers a wide range of life insurance products, including but not limited to Group Life Insurance, Group Pension, Loan Protection Insurance, and Education Endowment, individual life, and individual pension services.SONARWA Life is a pioneer and leader in the life assurance sector.

  • Pension Loan Scheme replaced by the Home Equity Access SchemeSince 1 January 2022, the Government’s Pension Loan Scheme has been rebranded as the ‘Home Equity Access Scheme’.This Scheme allows senior Australians to access the equity in their real property by borrowing from the government, against the value of their property to supplement their retirement income.

  • The parties intend that the indebtedness relating to the foregoing loans now be evidenced by this Note, which amends, restates and supersedes the promissory note that previously represented the ABL Loan (as consolidated in October of 2020 from the loans previously known by the Parties as the ABL Loan, the Pension Loan, the Infusion Loan and the Rollover Loan).

  • The Pension Loan Scheme has been expanded, providing immediate access to lump sums of around $12,000 for singles, and $18,000 for couples.

  • The Maker is currently indebted to the Payee in the principal amount of $11,958,187.46, in connection with a secured loan known by the Parties as the ABL Loan (consolidated in October of 2020 from four prior loans known by the parties prior to consolidation as the ABL Loan, the Pension Loan, the Infusion Loan and the Rollover Loan).

  • In Table 7, the risk items R(24), R(25), and R(27) reveal an extreme risk when the Land Bank executes the Easy Pension Loan.

  • SOURCE OF FUNDS Describe the source of funds used for this transaction:Employment income Business income Investments Pension Loan Savings Inheritance Other (provide details): VOID 5.

  • Most of the grievances are related to issues related to ATM, Pension, Loan Applications, Bank transactions and fraud cases.

  • This sub-section is not intended to include those amounts that an elected official may access as per the Pension Loan guidelines in § 6 of this Title.


More Definitions of Pension Loan

Pension Loan means any agreement under which a person
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Related to Pension Loan

  • pension credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Refund anticipation loan means an extension of credit to a taxpayer that a person arranges to be repaid directly from the proceeds of the taxpayer's federal or state personal income tax refund.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Canadian Pension Event means (a) the filing by a Group Member of a notice of intent to terminate in whole or in part a Canadian Defined Benefit Plan or the treatment of a Canadian Pension Plan amendment filed by a Group Member as a termination or partial termination; or (b) the institution of proceedings by any Governmental Authority to terminate in whole or in part or have a trustee appointed to administer a Canadian Defined Benefit Plan that is sponsored or administered by a Group Member; or (c) any other event or condition which might constitute grounds for the termination of, winding up or partial termination of winding up or the appointment of trustee to administer, any Canadian Defined Benefit Plan that is sponsored or administered by a Group Member.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that such loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Balloon Loan Any Mortgage Loan which, by its terms, does not fully amortize the principal balance thereof by its stated maturity and thus requires a payment at the stated maturity larger than the monthly payments due thereunder.

  • Unfunded Pension Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.