Plan Asset Rule definition

Plan Asset Rule has the meaning assigned to such term in Section 4.01(m).
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Plan Asset Rule has the meaning assigned to such term in Section 4.01(m). USActive 53861575.5 -38-
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Plan Asset Rule has the meaning assigned to such term in Section 4.01(m). “Portfolio Advance Rate Adjustment” means, as of any date of determination, the percentage set forth on the table below corresponding to the highest Diversity Score then-applicable to the Collateral Loans:
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Examples of Plan Asset Rule in a sentence

  • Its assets are not treated and during the term of this Agreement will not be treated as “plan assets” for purposes of 29 C.F.R. Section 2510.3-101 and Section 3(42) of ERISA (the “Plan Asset Rule”) and the Collateral is not and during the term of this Agreement will not be deemed to be “plan assets” for purposes of the Plan Asset Rule.

  • The assets of the Borrower are not treated as “plan assets” for purposes of 29 C.F.R. Section 2510.03-101 and Section 3(42) of ERISA (the “Plan Asset Rule”) and the Collateral is not deemed to be “plan assets” for purposes of the Plan Asset Rule.

  • The Borrower has not taken, or omitted to take, any action which would result in any of the Collateral being treated as “plan assets” for purposes of the Plan Asset Rule or, assuming that the assets of the Lenders, the Administrative Agent and the Collateral Agent are not deemed to be “plan assets” for the purposes of the Plan Asset Rule, the occurrence of any Prohibited Transaction in connection with the transactions contemplated hereunder.

  • Its assets are not treated and during the term of this Agreement will not be treated as “plan assets” for purposes of 29 C.F.R. Section 2510.3-101 as modified by Section 3(42) of ERISA (the “Plan Asset Rule”) and the Collateral is not and during the term of this Agreement will not be deemed to be “plan assets” for purposes of the Plan Asset Rule.

  • It shall not take, or omit to take, any action which, assuming that no portion of any Advance is funded with “plan assets” for purposes of the Plan Asset Rule, unless the applicable Lender relies on an available prohibited transaction exemption, all of the conditions of which are satisfied, could result in the occurrence of any Prohibited Transaction in connection with the transactions contemplated hereunder.

  • Its assets are not and, during the term of this Agreement, will not be deemed to be “plan assets” for purposes of Section 3(42) of ERISA and 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA (the “Plan Asset Rule”) and the Collateral has not been deemed to be and during the term of this Agreement will not be deemed to be “plan assets” for purposes of the Plan Asset Rule.

  • The assets of the Borrower are not treated as “plan assets” for purposes of 29 C.F.R. Section 2510.3-101 and Section 3(42) of ERISA (together, the “Plan Asset Rule”) and the Collateral is not deemed to be “plan assets” for purposes of the Plan Asset Rule.

  • Its assets shall not become “plan assets” for purposes of the Plan Asset Rule and it shall not permit the Collateral to be deemed to be “plan assets” for purposes of the Plan Asset Rule.

  • It shall not take any action, or omit to take any action, that results in its underlying assets to constitute “plan assets” for purposes of the Plan Asset Rule or the Collateral being deemed to be “plan assets” for purposes of the Plan Asset Rule.

  • Under the Plan Asset Rule, however, this may not be the case if immediately after any acquisition or redemption of any equity interest in the Sub-Fund, 25 percent or more of the value of any class of equity interests in the Sub-Fund is held by “Benefit Plan Investors” as defined in Appendix A.


More Definitions of Plan Asset Rule

Plan Asset Rule has the meaning assigned to such term in Section 4.01(m). “Portfolio Advance Rate Adjustment” means, as of any date of determination, the percentage set forth on the table below corresponding to the highest Diversity Score then-applicable to the Collateral Loans: Less than 4 0% Greater than or equal to 4, but less than 6 50%40% Greater than or equal to 6, but less than 810 70%60% Greater than or equal to 810, but less than 1012 80% Greater than or equal to 10, but less than 12 90% Greater than or equal to 12 100%
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Plan Asset Rule has the meaning specified in Section 4.01(n). “Portfolio Collateral” has the meaning assigned to such term in Section 15.01(b). “Portfolio Quality Test” means each of (i) the Weighted Average Spread Test, (ii) the Weighted Average Life Test, (iii) the Weighted Average Risk Factor Rating Test, (iv) the Weighted Average Senior Debt Ratio Test, (v) the Weighted Average TTM EBITDA Test, (vi) the Weighted Average Total Debt Ratio Test, (vii) the Weighted Average Loan to Enterprise Value Test, (viii) the Weighted Average Debt to TTM Recurring Revenue Test, and (ix) the Weighted Average Recurring Revenue Loan to Enterprise Value Test. “Potential Collateral Manager Termination Event” means any event which, with the passage of time, the giving of notice, or both, would (if not cured or otherwise remedied during such time) constitute a Collateral Manager Termination Event. “Pounds Sterling” means the lawful currency of the United Kingdom. “Prime Rate” means the rate announced by KeyBank National Association from time to time as its prime rate in the United States, such rate to change as and when such designated rate changes. The Prime Rate is not intended to be the lowest rate of interest charged by KeyBank National Association in connection with extensions of credit to debtors. KeyBank National Association may make commercial loans or other loans at rates of interest at, above, or below the Prime Rate. “Principal Balance” means, with respect to any Loan, as of any date of determination, the Dollar Equivalent of the outstanding principal amount of such Loan (excluding any capitalized interest). “Principal Collection Subaccount” has the meaning specified in Section 8.02(a). “Principal Proceeds” means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any Cash equity contributions (unless specified by the Collateral Manager to constitute Interest Proceeds in accordance with Section 10.05).
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Related to Plan Asset Rule

  • Plan Asset Regulations means 29 CFR § 2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time to time.

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

  • DOL means the United States Department of Labor.

  • Small employer means any employer that had total revenue of less than five hundred thousand dollars during the preceding taxable year. For purposes of this division, "total revenue" means receipts of any type or kind, including, but not limited to, sales receipts; payments; rents; profits; gains, dividends, and other investment income; commissions; premiums; money; property; grants; contributions; donations; gifts; program service revenue; patient service revenue; premiums; fees, including premium fees and service fees; tuition payments; unrelated business revenue; reimbursements; any type of payment from a governmental unit, including grants and other allocations; and any other similar receipts reported for federal income tax purposes or under generally accepted accounting principles. "Small employer" does not include the federal government; any state government, including any state agency or instrumentality; any political subdivision; or any entity treated as a government for financial accounting and reporting purposes.