Plan Asset Opinion definition

Plan Asset Opinion means an opinion of counsel to the effect that there is a reasonable likelihood that the assets of the applicable Borrower Party constitute “plan assets” for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code or Similar Law.
Sample 1Sample 2Sample 3

Examples of Plan Asset Opinion in a sentence

  • Together with each Request for Borrowing, the Borrower shall deliver: (A) a Borrowing Base Certificate, and (B) a certification stating that no Borrower Party in the Fund Group has delivered a Plan Asset Notice to any Investor nor has any Borrower Party in the Fund Group received from an Investor a Plan Asset Opinion.

Related to Plan Asset Opinion

  • Plan Assets means “plan assets” within the meaning of the Plan Asset Regulations.

  • Second opinion means an opportunity or requirement to obtain a clinical evaluation by a provider other than the one originally making a recommendation for a proposed health service to assess the clinical necessity and appropriateness of the initial proposed health service.

  • Favorable Opinion of Bond Counsel means, with respect to any action, or omission of an action, the taking or omission of which requires such an opinion, an unqualified written opinion of Bond Counsel to the effect that such action or omission does not adversely affect the excludability from gross income for federal income tax purposes of interest payable on the Bonds under existing law (subject to the inclusion of any exceptions contained in the opinion of Bond Counsel delivered upon the original issuance of the Bonds or other customary exceptions acceptable to the recipient(s) thereof).

  • Tax Opinion means, with respect to any action, an Opinion of Counsel to the effect that, for United States federal income tax purposes, (a) such action will not adversely affect the tax characterization as debt of the Notes of any outstanding Series or Class that were characterized as debt at the time of their issuance, (b) such action will not cause the Issuer to be treated as an association (or publicly traded partnership) taxable as a corporation and (c) such action will not cause or constitute an event in which gain or loss would be recognized by any Noteholder.

  • Administrative Code means the San Francisco Administrative Code.

  • Benefit Plan Investor means an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA, a “plan” as defined in and subject to Section 4975 of the Code or an entity whose underlying assets include plan assets of any of the foregoing.

  • Opinion of Bond Counsel means a written opinion of Bond Counsel.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.