Examples of Plan Assets Regulations in a sentence
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.
If, and so long as, the Beneficial Ownership by “benefit plan investors” is “significant” (as those terms are used in the Plan Assets Regulation) and the Shares in which there is “significant” benefit plan ownership do not constitute “publicly offered securities” (as that term is used in the Plan Assets Regulation), then the Board of Trustees shall conduct the affairs of the Trust as a “venture capital operating company” (“VCOC”), as that term is used in the Plan Assets Regulations.
The General Partner shall operate the Partnership in such a manner so that the assets of the Partnership will not be considered “plan assets” within the meaning of the Plan Assets Regulations.
The interests of the Partners in the Partnership shall be personal property for all purposes, except for the purposes of Code Section 514, Code Sections 856-860, and the Plan Assets Regulations to the extent provided otherwise therein.
The parties hereto acknowledge that the rights granted to Blue Stone under this Agreement to designate members of the Board and assign such rights to the Blue Stone Assignee have been included herein at the request of Blue Stone in order to provide the Blue Stone Assignee with “contractual management rights” within the meaning of the Plan Assets Regulations.