Examples of Plan Assets Regulations in a sentence
Governmental plans, certain church plans and non-US plans, while not subject to Title I of ERISA, section 4975 of the US Tax Code, or the Plan Asset Regulations, may nevertheless be subject to other state, local, non-US or other regulations that have similar effect.However, these remedies may not be effective in avoiding characterisation of the Company's assets as "plan assets" under the Plan Assets Regulations and, as a result, the Company may suffer the consequences described above.
The REIT ----------------------------------------------------------- shall at all times use its best efforts to meet the requirements to qualify as a REIT [and a domestically-controlled REIT] under the Code and as a REOC within the meaning of Plan Assets Regulations, unless and until the Board of Directors shall determine, in accordance with the Declaration of Trust, that it is not in the best interest of the General Partner and the holders of its beneficial interests to continue to meet such requirements.
Reasonable xxxxx cash funds and house banks, in amounts satisfactory to Owners, shall be maintained at the Hotel & Conference Center.
A "benefit plan investor" is defined as (i) an employee benefit plan defined in section 3(3) of the Employee Retirement Income Security Act of 1974 (“ERISA”) and subject to part 4 of Title I of ERISA, (ii) a plan to which section 4975 of the Internal Revenue Code of 1986 (the “Code”) applies (including an IRA), or (iii) an entity whose underlying assets include "plan assets" by reason of a plan's investment in such entity within the meaning of the Plan Assets Regulations.
The Company has restricted the ownership and holding of its Shares so that none of its assets constitute “plan assets” under the US Plan Assets Regulations.